VF Corporation’s revenues in fiscal 2021 from continuing operations decreased 12 per cent to $ 9.2 billion (excluding acquisitions) while adjusted revenue decreased by 13 per cent. The company’s revenues from active segment decreased 15 per cent including a 15 per cent decrease in Vans® brand revenue and a 3 percentage point revenue growth contribution from acquisitions.

Revenues from the outdoor segment revenue decreased 11 per cent – including a 9 per cent decrease in The North Face® brand revenue. On the other hand, revenues from the work segment increased 7 per cent, including a 9 per cent increase in Dickies® brand revenue.

Majority of the company’s supply chain is currently operational. Suppliers are complying with local public health advisories and governmental restrictions, which has resulted in isolated product delays. VF’s revenues in the fourth quarter increased 23 per cent to $2.6 billion. Its revenues in fiscal 2022 are expected to grow by 28 per cent to $11.8 billion including an approximate $600 million contribution from the Supreme® brand.