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Article Date: January 2022
Word Count: 957

VF Corp. Posts Strong Results despite China Drop


Net income jumped 49% to $517,801,000 in the fiscal third quarter ended Dec. 31, up from 347,240,000, as revenues expanded by 22% to $3,624,384,000 from $2,971,541,000 including a 17% improvement in DTC, 13% growth from wholesale and a $193.2 million contribution from Supreme. Revenues were up 9% compared to the Dec. quarter two years ago. A broadly successful Holiday season saw 17% organic growth in the U.S., +27% in non-U.S. Americas, and +23% in EMEA. APAC lagged, however, largely from weakness in China, declining 5% in the quarter despite gains in Korea and double-digit growth in Japan. Direct-to-consumer increased 30%, ... Log in to view full article.

 


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