US firm Wolverine Worldwide posts revenue $2.24 bn in FY23

Wolverine Worldwide reported preliminary FY23 revenue of $2.24 billion and Q4 revenue of $527 million.
Ongoing business revenue matched guidance at $2.20 billion for the year and $521 million for Q4.
Adjusted gross margins exceeded 39 per cent annually and 36 per cent for Q4.
Inventory levels were down to $460 million from the expected $490 million.

Leave a Reply

Your email address will not be published. Required fields are marked *