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More on Wolverine World Wide's Q1

May 03, 2016 7:22 AM ETWolverine World Wide, Inc. (WWW) StockBy: Niloofer Shaikh, SA News Editor
  • Wolverine World Wide (NYSE:NYSE:WWW) reports underlying revenue declined 6.6% in Q1.
  • Gross margin rate decreased 180 bps to 39.6%.
  • SG&A expense rate grew 40 bps to 31.9%.
  • Adjusted operating margin rate fell 20 bps to 9.7%.
  • FY2016 Guidance: Revenue: $2.475B to $2.575B (-8% to -4.3%); Diluted EPS: $1.16 to $1.26; Adjusted EPS: $1.30 to $1.40.

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