Wolverine World Wide Inc. (NYSE:WWW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Wolverine World Wide Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.56% to $0.81 in the quarter versus EPS of $0.64 in the year-earlier quarter.
Revenue: Rose 100.09% to $645.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wolverine World Wide Inc. reported adjusted EPS income of $0.81 per share. By that measure, the company beat the mean analyst estimate of $0.55. It beat the average revenue estimate of $631.52 million.
Quoting Management: “We are exceptionally pleased to be off to such a strong start in 2013, particularly as this represents the first full fiscal quarter that includes our four new lifestyle brands,” said Blake W. Krueger, Chairman and Chief Executive Officer.
Key Stats (on next page)…