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Article Date: February 2018
Word Count: 730

VF Has Loss in Q4 on $465 Million Tax Charge


The net loss was $90,269,000 for the fourth quarter ended Dec. 31 against income of $264,333,000 on a 20% gain in sales to $3,624,804,000 compared to $3,020,107,000; however, the quarter results adjusted for the tax impact and the contribution from the Williamson-Dickie acquisition would have been income of $0.98 per share ($392.4 mm) compared to $0.90 per share ($379.9 mm) last year excluding impairment charges of $79.6 million and restructuring charges of $55.0 million. The results were somewhat below expectations on the Street and the stock fell 7% on early trading.

 

Vans continues to be the major driver of the company, ... Log in to view full article.

 


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