VF Corporation remains confident about 2015 afte - sportstextiles: Lea SportsTextiles

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VF Corporation remains confident about 2015 after Q1 results

01/05/2015
VF Corporation has reported revenues of just over $2.8 billion for its first quarter of 2015. This represents an increase of 2% on the same period last year. Net income, at almost $290 million, was down by 3% on the same quarter in 2014.

Outdoor and action sports (which includes brands such as The North Face and Timberland) increased revenues by 2% and contributed 57.1% of total revenues, a slightly bigger percentage than in the same quarter last year.

“We remain confident in the year ahead, the fundamental strength of our business, and the significant momentum we see across our diverse portfolio of brands,” said chief executive, Eric Wiseman, on reporting the results.


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