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Merrell and Sperry Parent Handily Tops Forecasts Despite Widespread Store Closures

August 5, 2020

Amid the coronavirus pandemic, business at Wolverine World Wide Inc. appears to be bouncing back. Reported second-quarter financial results beat analysts’ expectations: For the three months ended June 27, it logged adjusted diluted earnings per share of $0.08, compared with the prior year’s 52 cents. Revenues dropped 38.6% to $349.1 million. Market watchers had forecasted a loss of 13 cents and sales of $314.96 million. Read more on Footwear News.