More on Wolverine Worldwide's Q2

|About: Wolverine World Wide Inc. (WWW)|By:, SA News Editor

Wolverine Worldwide (NYSE:WWW) reports revenue for its LifeStyle Group segment rose 8.9% to $264.1M in Q2, while the Performance Group saw a revenue increase of 11.5% to $211.2M.

Adjusted operating margin improved 140 bps to 9.0% during the period. Gross margin fell 90 bps due to heavier promotional activity.

The company announced a strategic realignment plan which includes stores closure and other initiatives.