The operating income of VF Corporation in the third quarter of fiscal 2019 soared by 30 per cent to $656 million, including a $7 million contribution from acquisitions net of divestitures. On a reported basis, the company’s operating margin increased 15.0 per cent to $592 million. Its gross margin from continuing operations rose to 51.9 per cent.
Excluding acquisitions net of divestitures, revenue increased by 7 per cent. International revenue hiked by 5 per cent including a 1-percentage point revenue growth contribution from acquisitions net of divestitures.
Revenue from active wear segment increased 16 per cent including a 25 per cent growth in Vans’ revenue. Revenue from outdoor segment increased by 11 per cent including a 14 per cent gain in The North Face brand revenue and a 4-percentage point revenue growth contribution from acquisitions.