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VF Corp revenues up 23 per cent

VF Corp has had a 23 per cent surge in overall revenues in its latest quarter. There was a 46 per cent uptick in net income. VF is the parent company of fashion retailers Vans, Lee, Timberland, The North Face and Wrangler. Gross margin from continuing operations increased to 50.3 per cent on an adjusted basis.

VF’s first quarter results were strong, driven by continued broad based acceleration across its core brands and platforms. VF is executing well against its 2021 growth plan and continuing its journey to reshape the portfolio and transform VF into a purpose-led, performance driven, consumer-centric organization focused on and committed to delivering superior returns to shareholders.

For the quarter, Vans’ revenue grew 33 per cent. Revenue for The North Face grew by 21 per cent. Lee’s revenue grew by seven per cent, while Timberland and Wrangler recorded a five per cent uptick each. VF, based in the US, is an apparel, footwear, and accessory company and has more than 1,500 owned and operated retail locations around the world across its brand portfolio. The company’s Responsible Sourcing program is a global collaborative approach to sourcing products responsibly including collaborating with industry partners and multi-stakeholder organizations across 50 countries.

 

 
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