Merrell, Saucony Parent Misses Q4 Sales Expectations, Unveils 2018 Growth Plan

Shares for Wolverine World Wide Inc. are in the red today after the firm posted fourth-quarter revenues that missed expectations. As of 11:45 a.m. ET, the stock was down 2.3 percent, to $30.02. The Rockford, Mich.-based owner of Sperry, Merrell, Saucony and other popular shoe brands said today that its Q4 revenues fell more than 20 percent to $578.6 million, missing analysts’ bets for revenues of $580.3 million. The firm also widened its net loss to $60.8 million, or 65 cents per diluted...

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