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Sweaty Betty swings to modest profit in 2024 amid rebranding

Activewear brand Sweaty Betty reported a slight profit of 573,586 pounds during 2024, swinging back to black after previously reporting a loss of 10.55 million pounds in the year prior. In a filing with the UK’s Companies House, the brand, which is owned by Wolverine Worldwide, also reported an EBITDA profit of 10.48 million pounds, up from a...

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Business

Wolverine Worldwide Q1 revenues drop 34 percent, names new CFO

Wolverine Worldwide revenues of 394.9 million dollars declined 34.1 percent or 34.6 percent on a constant currency basis. Revenues from the ongoing business were down 24.5 percent or 25.1 percent constant currency to 390.8 million dollars. Gross margin for the quarter improved 650 bps to 45.9 percent, while adjusted gross margin improved 250 bps...

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