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Article Date: January 2020
Word Count: 729

VF Q3 is Flat as Timby Weakness Offsets Vans, TNF Strength


Net income was $465,003,000 compared to $463,509,000 for the three months ended Dec. 31 on a 5% gain in revenue to $3,384,746,000 from $3,227,712,000 as 13% growth at the Vans brand and 8% growth in The North Face globally was pulled down by a disappointing 4% decline at Timberland that was mostly the result of softness for its core men’s classic and footwear business. The Timberland weakness and some other softness in the U.S. men’s TNF business have elevated inventories and VF reduced guidance for the year to revenue of $11.75 billion from $11.80 billion and adjusted EPS of $3.30 ... Log in to view full article.

 


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