Wolverine Worldwide raised its full-year outlook for a second time since July.
The shoe and clothing company now foresees full-year adjusted earnings of $2.73 to $2.83 per share. Its prior outlook was for $2.60 to $2.75 per share. In July Wolverine lifted its guidance from $2.50 to $2.65 per share.
The company took this action after reporting that its fiscal third-quarter net income climbed 66 percent as footwear sales improved across many of its brands.
For the period ended Sept. 7, Wolverine earned $54.4 million, or $1.08 per share, up from $32.7 million, or 66 cents per share, a year earlier.
Wolverine completed its $1.25 billion buyout of the performance and lifestyle group from Collection Brands in October 2012. The performance and lifestyle group includes the Sperry Top-Sider, Saucony, Stride Ride and Keds brands.