VF’s bottom line dipped into the red in the fiscal first quarter ended June 30, with a $92 million non-cash pension charge contributing to a loss of $55,960,000 against income of $324,245,000 prior, as revenues expanded 3% (+7% constant currency) to $2,261,595,000 from $2,194,557,000. Last year’s bottom line benefitted from $170.2 million coming from the since divested occupational workwear business. Americas sales gained 6% (+7% CC) to $1,385.1 million, and EMEA rebounded 10% (+24% CC) to $594.6 million. But China’s draconian Zero-Covid policy sent PRC revenues down 37% and torpedoed APAC ... Log in to view full article.