Wolverine Worldwide's Q4 adjusted earnings increase 13.5 percent

Wolverine World Wide, Inc. reported revenue of 607.4 million dollars, an increase of 4.8 percent, while adjusting for currency, revenues increased 5.1 percent. The company said in a statement, reported gross margin of 37.8 percent, decreased 140 basis points versus the prior year. Reported operating margin was negative 0.8 percent, and adjusted operating margin was 10.1 percent. Reported diluted loss per share was 1 cent, compared to earnings per share of 39 cents in the prior year, while adjusted diluted earnings per share increased 13.5 percent to 59 cents.