Wolverine World Wide expects second-quarter revenues to grow year-on-year. The company noted that its performance has accelerated in the second quarter of the year, driven by the strength of its largest brands, Merrell, Saucony and Sperry, and “compelling product innovations.” The company’s portfolio also includes Hush Puppies, Wolverine, Keds, Chaco, Bates, Hytest and Stride Rite, and it is the global footwear licensee for Cat and Harley-Davidson.
“Our strong order book has continued to improve since the end of the first quarter, including nice gains in our international business,” said Blake Krueger, chairman and chief executive officer of Wolverine Worldwide. “As such, we now expect second-quarter 2021 revenue will exceed 2019 levels, and we are reiterating confidence in our latest full-year revenue outlook of $2,240 million to $2,300 million.” This outlook assumes that current market conditions related to the Covid-19 pandemic do not substantially deteriorate during the remainder of 2021.
