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Article Date: October 2017
Word Count: 684

Booming Vans Brand Lifts VF Results, Guidance for Year


Led by an impressive 28% increase in its biggest single brand that was offset by a $104.6 million impairment charge on Nautica, VF reported net income fell 23% to $386,140,000 compared to $498,489,000 for the three months ended Sep. 30 as sales rose 6% to $3,481,202,000 from $3,298,484,000. The results also included a loss of $624,000 against income of $13,265,000 from the discontinued Licensed Sports Group and Contemporary Brands and $4.9 million in expenses from the Williamson-Dickie acquisition. The results nonetheless pleased Wall Street with a 5.5% gain in the stock to $70.

 

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