Net income jumped 21% to $252,793,000 from $209,163,000 on 22% higher revenues of $3,045,446,000 vs. $2,500,340,000 in the three month stub quarter ended Mar. 31 as VFC adjusts to an Apr. to Mar. fiscal year. The top line was boosted by the inclusion of Williamson-Dickie revenue and the weakening dollar; sales were up 17% constant currency and organic sales gained 12% (+8% CC). Direct-to-consumer revenue increased 34% (+29% CC) and digital revenue jumped 61% (+54% CC). International sales increased 8% led by a 12% gain in Europe. Gross margin inched up 20 basis points to 50.5%, benefitting from a mix-shift ... Log in to view full article.