Wolverine Worldwide makes the most of challenging period

Wolverine Worldwide (WWW) announces it managed to lowers its level of inventory in Q4 compared to a year ago despite a "challenging" holiday season that cut into results.

Revenue for the Lifestyle Group segment was up 25.9% to $265.3M.

Gross margin rose 50 bps to 37.2% during the quarter.

The company says it expects full-year revenue to grow 3%-6% to $2.775B-$2.85B.

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