Wolverine World Wide Reaffirms FY19 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the first quarter, Wolverine World Wide, Inc. (WWW) on Thursday reaffirmed its previously provided earnings and revenue guidance for the full year 2019.

For fiscal 2019, the company continues to project earnings in the range of $2.00 to $2.15 per share and adjusted earnings in the range of $2.20 and $2.35 per share on revenues between $2.28 billion and $2.33 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.32 per share on revenues of $2.31 billion for the year. Analysts' estimates typically exclude special items.

"We expect revenue growth to resume in the second quarter and accelerate during the second half of the year as we continue to invest in a variety of initiatives to drive topline growth and attractive earnings leverage ," said Blake Krueger, Wolverine World Wide's Chairman, CEO and President.