VF announces record results - sportstextiles: Lea SportsTextiles

News

VF announces record results

08/02/2006

Branded lifestyle apparel company VF Corporation has posted record results for the fourth quarter and full year 2005. Net income in the fourth quarter rose to a record $127.5 million from $125.3 million. Total revenues increased 4% to $1,646 million from $1,579.2 million.

For the full year 2005, income increased 9% to $518.5 million from $474.7 million. Total revenues rose 6% to $6,502.4 million from $6,124.6 million in 2004.

In its Outdoor segment, total revenues increased 23% to $343.9 million in the quarter from $279.9 million in last year's period, driven by growth across nearly all its Outdoor brands.

The North Face brand continued to grow revenues in excess of 20% both in the US and internationally. Revenues of its Vans brand also rose, with continued momentum in its Classics line and double-digit growth in comparable store sales within Vans brand retail stores. The Kipling brand continued to grow in Europe, while total revenues of the company’s packs business rose 13%, driven by higher JanSport brand sales in the US.


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.