While it expects The North Face and Vans to continue performing as expected, some weakness in the U.S. Timberland business from weak winter sell-through and the ongoing softness in department stores has elevated inventories for those brands, so VF slightly lowered guidance for the year as it reported net income about as expected at $51,015,000, down 70% from $170,811,000 on a 1% improvement in revenues to $2,418,370,000 against $2,397,968,000. This year’s results included a loss of $97.3 million from the discontinued Contemporary Brands business against income of $3.0 million prior. The new guidance calls for a top line improvement of ... Log in to view full article.