×
99 416
Fashion Jobs
ESTÉE LAUDER
Consultant Retail-Beauty - Clinique - Full Time - Bellevue-Nordstrom - Bellevue,wa
Permanent · Bellevue
HOMESENSE
Loss Prevention Detective
Permanent · Woburn
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Woodland Park
MACY'S
Colleague, Visual Security Officer, Baldwin Hills Crenshaw Plaza - Flex
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Ala Moana - Full Time
Permanent · Honolulu
MACY'S
Colleague, Visual Security Officer, Lakewood Center - Flex
Permanent · Lakewood
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Fresno
L'OREAL GROUP
Vice President, Creative - Kiehl's Dmi (Global Creative)
Permanent · New York
KOHLS
Full-Time Loss Prevention Officer
Permanent · City of Industry
KOHLS
Full-Time Loss Prevention Officer
Permanent · Vacaville
MICHAEL KORS STORES LLC
Full Time Sales Supervisor, Brookfield Place Nyc
Permanent · Rochester Metropolitan Area
ROSS STORES
Store Protection Specialist
Permanent · Houston
TJ MAXX
lp Detective
Permanent · Homestead
TJ MAXX
70118-Loss Prevention Detective, Newbury st, Boston, ma
Permanent · Boston
HOMEGOODS
lp Detective
Permanent · Frederick
TJ MAXX
70118-Loss Preventon Detective, Downtown Boston, ma
Permanent · Boston
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Chattanooga
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Norman
MACY'S
Asset Protection Detective, Bridgewater Commons - Full Time
Permanent · Bridgewater Township
MACY'S
Asset Protection Security Guard, Presidential Markets - Full Time
Permanent · Snellville
MACY'S
Asset Protection Detective, Santa Ana Mainplace - Part Time
Permanent · Santa Ana
MACY'S
Asset Protection Detective, Reno Meadowwood - Full Time
Permanent · Reno
Published
Jul 26, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

VF Corp's revenue still on the up

Published
Jul 26, 2015

VF Corp on Thursday announced its financial results for its second quarter ended July 4, 2015. The American group, which owns Vans, The North Face, Timberland and Lee (…), posted a 5% increase in revenue, to 2.484 billion dollars.

The North Face helped in the growth of revenue in VF Corp's second quarter - The North Face


Revenue rose 10 percent on a currency neutral basis driven by growth in our Outdoor & Action Sports and Jeanswear coalitions, and our international and direct-to-consumer businesses. On a reported basis, revenue increased 5 percent over the 2014 quarter.

Gross margin was 48.3 percent on a reported basis, down 10 basis points compared with the same quarter last year, but in line with expectations. Continued benefit from the shift of revenue mix toward higher margin businesses was more than offset by the impact of foreign currency.

Operating income on a reported basis was up 1 percent to $223 million compared with the same period in 2014. Operating margin on a reported basis declined 30 basis points to 8.9 percent due to the negative impact from changes in foreign currency rates.

“Our second quarter was another strong illustration of the ability of our global, diverse and powerful brands and platforms to deliver consistent, profitable growth,” said Eric Wiseman, VF Chairman and Chief Executive Officer. “Our strategy for continued growth and fueling our momentum is working.”

With Timberland, Vans, Lee, Wrangler, The North Face and 7 For All Mankind, the American group has a strong international presence. So much so that it generates more than a third of its sales outside of its domestic market. However, it has also been subject to the ongoing currency fluctuations. 
 

Copyright © 2021 FashionNetwork.com All rights reserved.