VF changes CFO following flat first quarter results
Outdoor group VF Corporation has reported a flat first quarter but said it now expects a 2% rise in revenues by the end of the year, compared with last year.
Group CEP Bracken Darrell said: “The North Face, Timberland and Altra delivered another quarter of growth; and Vans Americas consumer sales continued to grow but was more than offset by declines in wholesale. We expect Vans wholesale to improve significantly in the second half of the year.
“Given our overall Q1 performance and better visibility into the balance of the year, we are raising our FY'27 revenue guidance."
The group has appointed Abhishek Dalmia as chief financial officer and chief operating officer. Paul Vogel has moved to an advisory capacity.
Darrell said: “I would like to thank Paul for his partnership, leadership and contributions to VF. Looking ahead, I’m excited for Abhishek to step into his newly expanded role of chief financial officer and chief operating officer. He is a proven leader with deep knowledge of our business and our industry, and I am confident he is well positioned to drive strong execution against our key financial and operational priorities.”
