Wolverine World Wide lifts full-year earnings forecast

The footwear maker boosted its profit outlook to a range of $1.83 to $1.90 per share. It previously predicted full-year net income between $1.80 and $1.88 per share.

The company's order backlog grew more than 10 percent by the end of the first quarter. Its profit for the period climbed 6 percent.

Wolverine maintained its revenue outlook in a range of $1.23 billion to $1.26 billion.

Analysts polled by Thomson Financial expect full-year earnings of $1.88 per share on sales of $1.26 billion.