US’ Wolverine Worldwide reports double-digit revenue growth in FY22

American apparel and footwear company, Wolverine Worldwide, has reported a revenue of $2,684.8 million in fiscal 2022 (FY22), reflecting an 11.2 per cent increase compared to the previous year, and a 14.1 per cent growth on a constant currency basis. However, the company’s gross margin in FY22 decreased from 42.6 per cent to 39.9 per cent.