quarter fourth joining increase morning, the thanks and representing morning, last over X.X% growth reported underlying $XXX Earlier per of everyone, Chris. earnings Good for year. of of revenue this Thanks, we and XX% a share nearly $X.XX, us. million, adjusted
business continued results pleased in obviously We’re the with as momentum these the into QX.
initiatives. our well-ahead enterprise-wide quarter, us has WOLVERINE our transformation the in achieve us significant the work efficiencies XX% our FORWARD, fuel target will while providing allow all helped the lanes progress schedule, WAY to During margin of made of This the we to sprint operating four harvest Company. all investment original growth excellent that of holistic capacity our
five in underlying you model The growth, last GROWTH of with heavy briefly consumer emphasis innovation on new that grew and we’re speed greater and The and single more the the Cat fourth of now distinct territories am successful an this operating performance But restructuring Merrell and launch teens, down Tactical excellent to review morning. the teens, with AGENDA. been the and growth to Group. two X & implementation XX%. program benefiting flow source each on the brand excited over portfolio XX% which Company’s This new work pace continued is groups, and execution Nature’s recent Chameleon Lifestyle set model. pleased compared grew which focused the profitable revenue perform accelerate up now lifting nearly Merrell on We mid focused growth details and of posting grew growth with a new on the of growing on continued more a product. is year the incredible. expanded first, Puppies model mid is Underlying speed, and performance Arctic closures, I reflects our in us Wolverine The of was growth, Chaco new that focused with complete. organizational in something over QX, our the let me in Grip agenda Gym quarter QX, from territories for and to of consumer these starting and is behind store the our changes is calling foundation digits. business a quarter. Merrell Merrell years The innovative our offering, for to the Work the the collection share brand Hush from are in to Outdoor has well with say also continuous XX.X% high of the and brand GLOBAL now the prior the
new robust opportunity to and independent market business Chaco Chaco’s retailers the driven nearly fourth from delivered pleased the U.S. business. as grew as the quarter growth footprint its in This the continued momentum strong the a growth Merrell We performance e-commerce domestic with product again growth accounts. offerings expand with brand franchise. expanded are was XX%. with Chaco Z/Sandal in women’s along national obviously continued remains by for The continues its
Moving e-commerce XX% down and digits to over And very retailers of Sperry, women’s this sell-through. already strong declined expectations Wolverine single in Keds up Group. this single category Underlying on success Boston and down expected, the has revenue momentum for performance into continued category, low the single retail Sperry fall as strong are with digits, high boots. prior mid boot year. making Based X.X% down the digits. continued year, for exceeded this strong commitments The versus Sperry the category QX with quarter of XXXX Saucony
performed New also well sneaker for in collections the quarter. Sperry
quarter. sales sufficient in softness to However, continued these and in shoe boat not the the offset category gains lower were closeout
a a with to year. return the the in for second and half Group. half of We Sperry Heritage growth better the Wolverine first expect And closing
underlying in civilian, digits sold approximately Excluding our Harley-Davidson collectively and of Defense Bates was down Bates business brand revenue year businesses which down group the compared mid-single the for low Wolverine contract Department the to the HYTEST XX% double we QX, with down prior and digits.
orders brand’s share boot categories. soft category of brand in year, and e-commerce nearly During QX, trend we the as Nevertheless, business to market gained across the some managed also Wolverine the weakness the work work witnessed consciously grew XX%. in at-once order shifted and in the inventory the experienced this goods U.S. a consumer in down retailers calendar. Last need-now-buy-now QX category more number
We expect QX Wolverine to return XXXX. to growth of in
highest WOLVERINE AGENDA FORWARD, WAY update and related to new to which turn my introduced me the our GLOBAL investment related let progress on expectations exceeded plan. an and has Now, our GROWTH
the as the proud on pleased getting results XX%, of And of of consumer-obsessed, nearly the year to with design-led and were all I’m overall restructure the is transforming financial over the Company. done. return I’m focused squarely Company. XXX-year more executed couldn’t XXXX, over I total work that pace, effort our FORWARD, XXXX more commitment we shareholders even Company’s growth list our a that for While enterprise behind years of put be fiscal and history, urgency, completed initiatives lengthy. team the by work it ambitious accomplishments most the team In two the in to The WAY a transform and for proud they last and WOLVERINE we streams the into the achieved
some to extra lifting and the While the are complete. will that work us heavy say required transformation behind the ongoing, of the I’m to pleased execute costs be is
consumer now more advantage a and are and experience touch and processes in energy growth. to new fast and consumer nimble and our to capabilities, change company, all retail the our to ready more make become tools, points. of The our of And environment focus frictionless brands take pace operating the We pivot across convenient full agile are normal continues. new and
of This new In first, GLOBAL business. product drive drive handful prioritize ago. which engine. by benefits focus a $XX we As investments a robust expect AGENDA growth, a is and our clarify existed years to we very be develop our key future elements, new realized initiatives closer to a that to supported comprised look developed three will this much growth transformation and Internally, the $XX million the power funded agenda, million we’ve invest a consumers work. XXXX, on to is future which behind of of framework to different innovation design we by that from relationship only and GROWTH will
more and of while includes design consumer the to product credible creative initiatives new more skills speed tested our market investing way a drive This and to new part tools developed in intelligence future market capabilities, our now continuous bring processes, As growth. transformation, forward and insights have to on teams and basis. expanding
a a product incorporates is model extensions consumer speed and retail. Our consumer brand to days, around intelligence as The flexibility new defined and that market newly backfill shorter Merrell implement into first team influence design. new was reorganized and lead deeper clear our including collections insight greater Merrell on to shorter with perform of operating was substantially faster and more consumer new positioned execute territories to segmentation, well XXXX, ability and quickly times, tool product at model market cadence focusing territories, set, to In now now to XX its introductions. product product and this concept
chain the Merrell in a to successful supply quicker tests product to the fresh, for recent market response normal increasing time, around world. of to allowed bring restructuring product flexibility innovative our addition, In half
Merrell product delivered line As brought the in and to several innovative product market Chameleon utilize Merrell in a brands tools. This growth Tactical and launch and high planned, in the these mindset portfolio model this as new earlier of collections go-to-market and series successful strategies QX result, in new was Work adopted are the Merrell developing All XXXX. originally X including new QX. have the than and single-digit now processes approach which
our with while global to continuing to XX% invest supply a investment incremental focus expect this chain and insights demand about enhance distribution our flow, of behind design, to to centers force XXXX planning, commit product first and We element teams. capabilities sales consumer
is focused Offense. we The Today, an relationship. commerce AGENDA approximately GROWTH the The online continues. U.S. the trend second GLOBAL on enhanced innovation forever of disruption element to to digital in this of all our XX% are consumer brand-consumer and and continue. shift Technological Digital-Direct sales footwear changed expect have made
We content digital and will stay creating distribution by by physical store continue over-index consumers experience. expect our Digital-Direct with and across be Offense to can our Today, to channels used in experience all investments to consumers most toward our seamless lockstep customers. digital that a
wholesale brand owners, benefit flow will drive vertical retailers product we As centricity, more operate all customers. consumer of our and will like which speed, to also
Our owned the our years XX% channel with been two fastest nearly XXXX. growth over in growing e-commerce business has last
enhance growth in our total XXXX channel growth we strategic prioritize incremental be own social database, greater accelerate fueled XX% value implementation the down investment of will this as by lifetime unified of and consumer around our in the to the which will the and new new expect continue We This consumer up includes key increase this which markets. investments of our to and retention advertising prospecting, consumers. funnel,
exclusive also to promotional increased and demand drive less on spend more e-commerce digital other our have business creation. expanded activity tactics and We introductions, including disciplines product
by Chaco with We nearly area Keds growth, excel with growth. with brands have no growth Merrell nearly that XX% and for delivered this including several growth over XX% our coincidence e-commerce in in portfolio XX% XXXX and excellent
tested tools our in brand. year concepts, these new the and past that the and implementing businesses over capabilities are We validated were in remaining
The on significant third growth is element international of expansion. our agenda focused
Company the risk historical Our global and undergoing in significant asset many minimizes provides currently has the model marketplace been geographic profitable decades, a diversification change. for international a and strategic and meaningful over
XX% XXXX, pairs sold the approximately and were outside over of our of U.S. our During revenue of global XX%
network in broad with of of international well-established from direct retailers a Our business into most benefits whom vertical partners, their trends markets. insight consumer and global respective are preferences
brands, our strengthen To our today. spend the In of incremental on global China specifically product collaborate especially of over our we growth, control new XX% teams, improve global fact, of business. our partners enjoy service introductions, expansion international systems world brands planned in our with to the and points fuel and nearly distribution to investment XX,XXX regional region, to the global around support Asia-Pacific to new better allocate
expect to global the source are We have the Asia-Pacific and region, Despite fortunate business growth digit in our high strong our presence, in of fast-growing strong especially we the single a network international and to XXXX. underpenetrated in global be remain revenue China market. foundation
During very than meaningful strategic priorities. global region. of important XXXX, our one growth generated for this a we less future view of was revenue XX% And top opportunity this from as and our
the China months. are for plans in coming motion specific Our share growth to in in more with
for region by of time This the after established restructuring and a to have work. an years two near-term exciting contribution double hard Company Asia-Pacific We the the the incredibly XXXX. is revenue from goal
We will to for drive tools capacity brands top-line financial portfolio. certainly performance XXXX. and the the accelerate to turn Financial capabilities Chief future, and Officer, call and over who’ll insight have our and We growth into performance for transition have now Vice focus financial Stornant, our the With to growth. commentary Senior additional further I’ll add to on and now new to our President the organic XXXX our the invest Mike provide expectations Mike? that,