VF announces 15% revenue increase in Q2 - sportstextiles: Lea SportsTextiles

News

VF announces 15% revenue increase in Q2

21/07/2011

US-based VF Corporation has announced record results for the second quarter of 2011.

 

Revenues rose 15% to $1,840.1 million from $1,594.1 million in 2010. All VF coalitions achieved double-digit revenue increases in the quarter, with the strongest growth in Outdoor and Action Sports, where revenues increased 23%.

 

Gross margin declined, as anticipated, to 45.9% from 47.1% in the 2010 period, reflecting the impact of higher product costs.

 

Net income rose to $129.4 million from $110.8 million.

 


Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.