Wolverine World Wide: Need some good shoes? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Wolverine World Wide: Need some good shoes?

WWW 17.74

+1.2%

12:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Turetzky who wrote (166)	5/6/1999 7:53:00 AM
From: Chip Roos	Read Replies (1) of 178

Ken: From the "for what it's worth"... In today's Footwear News "Hurt by Hush Puppies' sliding US sales, Wolverine World Wide Inc.'s net earnings dove 42.9 percent to $3.6million for its first quarter ended March27. The Rockford, Mich based firm's sales dipped 8.2 percent to $136.2 million. The firm said softness in Hush Puppies in the United Kingdom and cutbacks at Wolverine Russia also hurt business. CEO Geoffrey Bloom said Hush Puppies, accounting for one third of global sales, now is being buoyed by ZeroGravity and Air Paradise HPO2 comfort technologies. Merrell outdoor footwear is "on track" to increase sales by 50 percent and Harley-Davidson is expected to "make a real contribution" in the second half of the year. An ad campaign for Caterpillar, launching in April, focuses on the company's new women's line. Gross margins fell to 30.7 percent of net sales from 30.9 percent, primarily because of sales in Russia." Ken, I don't know much additional. Hope all is going well with you. Chip

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next