WWE revised their business outlook after posting the 3Q 2009 financial results, targeting average annual earnings growth between 15% to 20% over the 2009 through 2012 period.

"We believe we can achieve meaningful growth by strengthening our global expansion and television distribution, leveraging our new partnership with Mattel and continuing to improve operating efficiency," said WWE Chairman and Chief Executive Officer Vince McMahon.

"Through disciplined cost management, we expect our operating leverage to deliver outstanding earnings growth with even moderate increases in revenue."

WWE's partnership with Mattel will kick off in the beginning of next year, replacing JAKKS Pacific as the official toy maker for the company and they are banking big time on the deal.

"WWE’s projected earnings growth reflects our focus on producing superior economic returns on the capital invested in our business and thereby creating value for our shareholders," added WWE's Chief Financial Officer George Barrios.

[Back to main page]

© Copyright 1996-2007 Wrestling-Online.com