Driven by Merrell, Wolverine raises sales and margins

2019-03-06T00:00:00

Thanks to efforts to reduce operating expenses, which declined by 40 percent year-on-year, Wolverine Worldwide's margins improved before exceptional items and profits soared in the fourth quarter ended on Dec. 29. The quarterly net income reached $39.3 million, compared with a loss of $60.3 million for the fourth quarter of ...

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