Wolverine’s posts a 16.1% quarterly increase

Wolverine World Wide increased its guidance for the present financial year after booking a record first quarter, driven by its outdoor and heritage business units. The U.S. footwear and apparel company now sees 2011 sales rising by 10.5-13.7 percent to $1.380-1.420 billion and fully diluted earnings per share (EPS) up ...

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