VF Corp reveals uptick in annual sales

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Vans VF
// VF Corp reports successful sales figures for its fiscal year
// Vans revenue up 10%

VF Corp has revealed strong growth in its Vans brand amidst successful sales boost for the fiscal year ended in December.

VF Corp said its EMEA market for the third-quarter fiscal year showed a total revenue growth of four per cent.

Vans’ revenue saw an increase of 10 per cent in constant currency, and 27 per cent in global revenue and constant currency.

The North Face’s revenue increased 12 per cent in constant currency, and 16 per cent in global revenue.

Meanwhile, Timberland’s revenue decreased by two per cent in constant currency, with global revenue up by three per cent in constant currency.

“VF’s third quarter results were fueled by strong growth in our largest brands and balanced growth across the core dimensions of our portfolio,” VF Corp chief executive officer Steve Rendle said.

“Based on the strength of our third quarter performance and the growth trajectory we see for the remainder of fiscal 2019, we are again increasing our full year outlook, including an additional $45 million of growth-focused investments aimed at accelerating growth and value creation into fiscal year 2020.

“We remain sharply focused on executing our integrated growth strategy and transforming VF into a purpose-led, performance-driven enterprise committed to delivering superior returns to shareholders.”

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