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Article Date: July 2017
Word Count: 748

VF Sees Progress on Transformation Process as Channel Mix Shifts Accelerate

VF is starting to see growth again in its Big Three brands but that is almost entirely driven by DTC activity as it reported net income of $109,889,000, up 115% from $51,015,000 last year on a 2% improvement in sales to $2,333,288,000 from $2,294,762,000 for the three months ended Jun. 30. This year’s results included a loss of $4,976,000 from the discontinued Licensed, Jansport college and Contemporary Brands divisions compared to a loss of $85,478,000 last year. Pre-tax income from continuing operations was down 16% to $145,762,000 from $174,529,000. The results were slightly ahead of expectations and, based on its ... Log in to view full article.


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