Powered by a 25% sales increase from Vans and a 14% gain from The North Face, VF posted a profit of $463,509,000 in the fiscal third quarter ended Dec. 29 against a $90,269,000 loss on 8% higher revenue of $3,940,159,000 up from $3,649,283,000. A one time charge for the Tax Act caused last year’s loss. EBIT was up 23%. Constant currency sales excluding $57.4 million of foreign exchange headwinds would have been up 10%.

The stellar quarter led VF to raise its outlook again, and it now expects a top line of $13.8 billion, up from prior guidance of $13.7 billion, ... Log in to view full article.