ROCKFORD, Mich. (AP) — Wolverine Worldwide’s fiscalsecond-quarter net income fell 13 percent
on costs related to a recentacquisition.But the footwear and clothing retailer’s adjustedresults easily
beat Wall Street’s view. The Rockford, Mich., companyalso boosted its full-year adjusted earnings
forecast on Tuesday, citingits year-to-date performance.For the period ended June 15,Wolverine earned
$17.9 million, or 36 cents per share, down from $20.5million, or 42 cents per share, a year
earlier.Removingacquisition-related costs, earnings were 46 cents per share. Analystssurveyed by FactSet
expected earnings of 34 cents per share. Theestimates typically exclude one-time items.Wolverine
completedits $1.25 billion buyout of the performance and lifestyle group fromCollection Brands Inc. in
October. The performance and lifestyle groupincludes the Sperry Top-Sider, Saucony, Stride Ride and Keds
brands.Revenue surged 88 percent to $587.8 million from $312.7 million as its results continued to be
helped by the acquisition.Wall Street predicted $590.8 million in revenue.WolverineWorldwide Inc. lifted
its full-year adjusted earnings guidance to arange of $2.60 to $2.75 per share. Its prior outlook was
for $2.50 to$2.65 per share. The company maintained its forecast for revenue between$2.7 billion and
$2.78 billion.Analysts expect full-year earnings of $2.68 per share on revenue of $2.73
billion.Wolverine shares finished at $55.27 on Monday. They have traded in a 52-week range of $38.39 to
$55.95.Copyright 2013 The Associated Press.