The company posted revenue increases for both periods led by its direct-to-consumer, international and Vans footwear businesses. Gross margin improved to record numbers and earnings per share slipped in both periods.
VF Corporation achieved revenue increases for almost all product categories and brands. The company met its second quarter expectations even with the sale of its Contemporary Brands business to Delta Galil.
Upon publication of the 2015 annual results, the CEO of the American giant, which owns Vans, The North Face, Wrangler and Timberland, stated that the group will be looking closely at the composition of its portfolio.
The American group, which owns Vans, The North Face, Timberland and Lee (…), has posted a 5% increase in revenue, to 2.484 billion dollars, for its third semester ended on 4 July. Its operating income went up 1% to 22...