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Monday, 01 August 2022 16:27

VF Corporation’s Q1FY’23 revenues grows 3%

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The Q1 FY’23 revenues of VF Corporation increased 3 per cent with revenues of North Face brands growing in double digits. Revenue of the Denver, Colorado-based company increased by 3 per cent to $2.3 during the three months ending July 2 with big four brands growing 2 per cent and the balance of the portfolio growing by 9 per cent.

Revenue of The North Face grew 31 per cent to $481.1 million over the same quarter last year. Revenue of Timberland grew 8 per cent to $269.5 million. On the other hand, sales of both Vans and Dickies fell 7 per cent and 15 per cent to $946.8 million and $170.4 million, respectively. The company's 'other brands' category grew by 9 per cent, to $393.9 million.

Region wise, revenues from the Americas, VF Corp's largest market, increased by 6 per cent to $1.4 billion while from EMEA market it increased 10 per cent to $594.6 million; offsetting a 20 per cent plunge in APAC revenues and a 1 per cent dip in the company's international segment for the three months.