85 567
Fashion Jobs
TREK
Service Manager
Permanent · CENTERVILLE
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 12 Hrs - Fashion Outlets Niagara Falls - Niagara Falls, NY
Permanent · NIAGARA FALLS
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tejon - Arvin, CA
Permanent · ARVIN
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tanger Outlet Center Midway - Rehoboth Beach, de
Permanent · REHOBOTH BEACH
AVEDA
Keyholder - Aveda - 25 Hrs - Kenwood - Cincinnati, OH
Permanent · CINCINNATI
MACY'S
Asset Protection Detective, FT Myers - Full Time
Permanent · FORT MYERS
MACY'S
Fulfillment Associate, Portland - Full Time (2550)
Permanent · PORTLAND
MACY'S
Asset Protection Detective, Roosevelt - Full Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Flex
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Part Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Detective, Market Place - Full Time
Permanent · CHAMPAIGN
MACY'S
Asset Protection Detective, Barton Creek Square Mall - Part Time
Permanent · AUSTIN
STAND OUT FOR GOOD
Brand Rep (Sales Associate)
Permanent · EAST RUTHERFORD
UNIVERSITY OF NORTH FLORIDA
Apex Accelerator Coordinator
Permanent · JACKSONVILLE
JCPENNEY
Asset Protection Associate - Patrick Henry Mall
Permanent · NEWPORT NEWS
RALPH LAUREN
Sales Professional Part Time-2
Permanent · OAK BROOK
RALPH LAUREN
Associate Manager
Permanent · JOHNSON CREEK
ADIDAS
Project Manager
Permanent · PORTLAND
ADIDAS
Sales Director
Permanent · TAMPA
LEE
PT Keyholder
Permanent · GRAPEVINE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · WALPOLE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · HOUSTON
By
Reuters
Published
Oct 17, 2008
Reading time
2 minutes
Download
Download the article
Print
Text size

VF Corp profit tops view; company cuts outlook

By
Reuters
Published
Oct 17, 2008

* VF profit of $2.03 excl items tops estimates by a penny

* Revenue up 6.4 pct to $2.21 bln

* VF cuts 4th-qtr, 2008 views on tough macro conditions

NEW YORK, Oct 17 (Reuters) - VF Corp reported a better-than-expected third-quarter profit on Friday as strong sales of its outerwear and fashion clothing brands offset declines in the manufacturer's jeans and sportswear businesses.

But the company slashed its outlook for the fourth quarter, saying a significant deepening of the global financial crisis and worsening economic conditions would hit consumer confidence even harder.

VF, whose more than 30 brands include Vans, Wrangler, The North Face and 7 For All Mankind, said net income rose about 13 percent to $233.9 million, or $2.10 per share, from $207.2 million, or $1.84 per share, a year earlier.

Excluding a special gain, profit was $2.03 per share, topping the analysts' average forecast by a penny, according to Reuters Estimates.

Revenue rose 6.4 percent to $2.21 billion.

VF sells its clothes through company-owned stores, discount chains, department stores and other specialty retailers, which have all seen sales slow as U.S. consumers grapple with a teetering economy, job losses and higher gas prices.

For the fourth quarter, the company forecast revenue growth of 3 percent to 4 percent and an earnings-per-share increase of 1 percent to 5 percent. It had previously expected rises of 8 percent in revenue and 20 percent in earnings.

For the full year, the company cut its revenue growth forecast to a range of 7 percent to 8 percent from a prior view of more than 9 percent. It expects earnings to rising 8 percent to 9 percent, down from its previous growth forecast of about 12 percent. (Reporting by Martinne Geller; Editing by Lisa Von Ahn)

© Thomson Reuters 2024 All rights reserved.