VF Corp released Q3 results that ended December 2020 of fiscal 2021 and raises full year fiscal 2021 outlook. The company’s revenue from continuing operations decreased 6 per cent to $ 3.0 billion, while active segment revenue decreased 9 per cent including a 6 per cent fall in Vans brand revenue.

Outdoor segment’s revenue decrease 5 per cent, which included flat revenue in The North Face brand. The work segment revenue increased 8 per cent including a 9 per cent rise in Dickies brand revenue.

As far as region-wise revenue is concerned, international revenue was flat, while Europe revenue increased 1 per cent. The Greater China revenue rose 18 per cent, which included a rise of 22 per cent in Mainland China. Its full year fiscal 2021 revenue is now expected to be in the range of $9.1 billion to $9.2 billion, reflecting a decrease of 12 to 13 per cent on an adjusted basis.