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Article: Wolverine World Wide, Inc. Announces Financial Results for Third Quarter 2009, Raises Full-Year Earnings Guidance.
- Article from:
- PR Newswire
- Article date:
- October 7, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROCKFORD, Mich., Oct. 7 /PRNewswire-FirstCall/ -- Wolverine World Wide, Inc. today reported financial results for the third quarter of 2009 and raised full-year earnings per share guidance.
Adjusting for the negative impact of foreign exchange rates, revenue declined 6.9% in the quarter to $296.8 million, as challenging trading conditions continued across most of the Company's major markets. Reported revenue in the third quarter was $286.8 million, a decline of 10.1% versus the prior year.
The Company continued to make substantial progress in the quarter with its strategic restructuring plan, which is focused on generating significant efficiencies ...