More on Wolverine Worldwide's Q2

• 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.