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Wolverine Worldwide (WWW +4.7%) trades higher after the retailer beat estimates with its Q1...

Wolverine Worldwide (WWW +4.7%) trades higher after the retailer beat estimates with its Q1 report. Recent acquisitions of the Sperry Top-Sider, Saucony, Stride Rite, and Keds brands helped boost the company's revenue haul, but higher costs drove down the gross margin rate by 40 bps Y/Y to 40.6% during the period.
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