Net income leapt 46% to $160,358,000 from $109,889,000 in VF’s new fiscal first quarter ended Jun. 30 on 23% higher revenues of $2,788,146,000 vs. $2,268,620,000, boosted by strong gains in DTC, international and the skyrocketing Vans brand. Gross margin increased 90 basis points to 50.5%. The top line was helped by the Williamson-Dickie, Icebreaker and Altra acquisitions and a small foreign exchange benefit; constant currency sales were up 21%, and organic sales growth was up 12% excluding the acquisitions. Direct-to-consumer increased 22%, helped by a 54% surge in digital revenue. The bottom line includes $19.1 million in acquisition and integration ... Log in to view full article.