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Article Date: January 2021
Word Count: 922

VF Corp. Makes Progress in Q3, Ups Full-year Guidance

Net income dropped 25% to $347,240,000 in the fiscal third quarter ended Dec.31 from $465,003,000 last year, comping the final period unaffected by the coronavirus, on revenues that slipped 6% to $2,971,541,000 from $3,155,723,000 and would have been down 8% constant currency. Excluding the divested occupational workwear business, jeanswear, and other discontinued operations, the bottom line was down 23% to $327.7 million. Sales in the U.S. were off 11%, and non-U.S. Americas also declined, falling 17%, but APAC revenues gained 6% driven by an 18% jump in Greater China, and EMEA inched up 1%. Digital sales soared 53% in the ... Log in to view full article.


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