Wolverine World Wide's announced its first-quarter profit that increased twofold on account of lower operating expenses. On Tuesday, executives posted that consumer confidence has registered a sharp improvement in most major markets.

The Merrell and Hush Puppies shoes manufacturer also revealed its adjusted full-year profit and revenue forecasts based both on the positive beginning to the year, and emerging order trends.

Wolverine's earnings registered a rise to $27.5 million, or 54 cents per share, from $10.5 million, or 21 cents per share, reported the previous year.

Removing $1.5 million in charges in relation to its restructuring efforts, profit touched 56 cents per share, surpassing the 49 cents-per-share anticipated by analysts, surveyed by Thomson Reuters. Analyst estimates usually exclude one-time items.

While, it's operating expenses witnessed a slip $79.1 million from $87.5 million.

However, revenue for the three months that ended March 27, marked a surge of 12% to $284.9 million from $255.3 million triggered by strong results from its Merrell, Heritage, Hush Puppies and namesake groups. But, Wall Street speculated $273.1 million in revenue.