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Article Date: October 2018
Word Count: 658

Vans, Improving TNF Drive VF Growth in Q2


Backed by a 26% gain in the Vans business and gathering momentum in The North Face, VF reported a 31% improvement in net income to $507,121,000 from $386,140,000 for the period ended Sep. on a 15% gain in revenue to $3,907,386,000 from $3,392,934,000. The results easily beat its forecast and VF also said that confidence in further gains at TNF in H2 allowed it to raise its outlook for the year to a top line of at least $13.7 billion, including the $150 hit from the Reef and Van Moer divestitures. Outdoor should grow 7-8%, Active up 14-15% and Work ... Log in to view full article.

 


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