Wolverine World Wide Announces New $400 Million Share Repurchase Program
"Wolverine Worldwide has a long history of returning capital to shareholders including share repurchases. Today’s announcement further reflects our long-term confidence in our business model and the ability to generate significant cash flow into the future," said Mike Stornant, Wolverine's Senior Vice President and Chief Financial Officer. "While the Wolverine team is focused on driving the global growth of our brands and improving bottom-line performance, we are fortunate to be in an enviable position of having significant capacity to allocate capital in a variety of ways to enhance shareholder value."
The Company will repurchase shares as deemed appropriate, based on factors including price, market conditions, and in compliance with any restrictions contained within the Company’s credit agreements.
ABOUT WOLVERINE WORLDWIDE
With a commitment to service and product excellence,
Source: Wolverine World Wide