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Article Date: July 2021
Word Count: 786

VF Corp. Raises Guidance after Solid Start to FY22


Net income was $324,245,000 in the fiscal first quarter ended Jun. 30, against a loss of $285,613,000 last year, as revenues more than doubled to $2,194,557,000 from $1,076,293,000 and were up 7% from the same period in 2019. The occupational workwear business, which was sold just after the quarter ended and is accounted for as discontinued operations, contributed $170.3 million in profit this year, net of tax, and $7.9 million in losses last year. VFC’s remaining businesses rebounded strongly from the comparable quarter last year, where it saw broad-based declines from its apparel brands, and even Vans was hit hard, ... Log in to view full article.

 


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