Wolverine announces financial result 2012
21 Feb. 2013
Wolverine Worldwide Announces Full-Year ResultsThe Wolverine World Wide Company has reported their financial results for both the fourth quarter and full year ending December 29, 2012.
During the fourth quarter, the Company completed the 1.25 billion US-Dollars acquisition of the Performance + Lifestyle Group ("PLG") from Collective Brands, Inc., adding four world-class lifestyle brands: Sperry Top-Sider, Saucony, Stride Rite, and Keds, to the Company's portfolio of brands.
"With the addition of Sperry Top-Sider, Saucony, Stride Rite, and Keds, our portfolio of global brands has never been stronger. We are diversified across most consumer groups, distribution channels and geographic regions”, says Blake W. Krueger, Chairman and Chief Executive Officer.
The consolidated full-year revenue increased 16.4% up to 1.641 billion US-Dollars, including a contribution of 219.4 million US-Dollars from the PLG brands in the stub period since the date of acquisition. During the fourth fiscal quarter the consolidated revenue was 652.2 million US-Dollars, growth of 60.5% versus the prior year.
Wolverine Worldwide Inc. is one of the world's leading marketers of branded casual, active lifestyle, work, outdoor sport, athletic, children's and uniform footwear and apparel.
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