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Article Date: October 2019
Word Count: 686

VF Corp. Results Improve, But Vans Is Slowing


Net income surged 28% to $649,001,000 in the second fiscal quarter ended Sep. 30 up from $507,121,000, and was up 56% excluding the divested jeans business, on revenues that were 5% higher at $3,393,268,000 vs. $3,219,390,000 and were up 7% constant currency. Results missed Wall St. expectations on the top and bottom lines, sending VFC shares down double digits before rebounding to an 8% decline. Active segment revenue gained 9% to $1,413,634,000 including a 14% rise at Vans, lapping a 26% increase from the brand last year. The Outdoor segment increased 4% to $1,525,937,000 driven by The North Face’s 8% ... Log in to view full article.

 


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