VF reports revenue of $2.8 billion in Q1 - sportstextiles: Lea SportsTextiles

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VF reports revenue of $2.8 billion in Q1

29/04/2016
VF Corporation reported revenue of $2.8 billion in the first quarter of 2016, level with the same period last year but representing a 2% increase in currency-neutral terms.

Revenue for the North Face rose 6% (8% in currency-neutral terms), driven by strong growth in Europe. Vans revenue was down 1% (up 2% in currency-neutral terms), affected by a drop in European revenues. Revenue from Timberland saw a 2% rise (3% in currency-neutral terms) despite a minor decline in the Asia Pacific region.

“Our first quarter results demonstrate the ability of our diversified business model to perform as expected in an inconsistent environment,” said Eric Wiseman, VF chairman and CEO.

Related stories:

Vans leads VF revenue growth 25/07/2016
VF sells contemporary brands 01/07/2016
VF innovation recognised at Edison Awards 06/05/2016
VF puts sports group business on the block 31/03/2016
VF names president of outdoor and action sports Americas 23/03/2016
VF to help Vietnamese suppliers reduce consumption 18/03/2016
VF offers snapshot of supply chain 09/03/2016
VF untroubled by revenue dips in 2015 22/02/2016
VF adds brand expert to board 19/02/2016
Timberland: Organic and recycled content percentage continues to decline 04/12/2015

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