×
1 119
Fashion Jobs
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
ESTÉE LAUDER
Mac - Area Sales And Education Manager - London - Maternity Cover
Permanent · London
RALPH LAUREN
Operations Manager - Gretna
Permanent · Gretna
LUXURY RECRUIT
Head of Digital - Luxury
Permanent · LONDON
LUXURY RECRUIT
Brand Director - Luxury
Permanent · LONDON
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
VANS
Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
Published
May 1, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

VF Corp revenue, earnings slip as international, direct-to-consumer businesses thrive

Published
May 1, 2017

VF Corporation on Friday released its first quarter results that were “right in line with our expectations,” according to VF Corp. President and CEO Steve Rendle. The first quarter marked as the company’s first results since announcing its 2021 growth plan that involves expanding its direct-to-consumer business, its international business, and its top performing brands.


Vans, one of VF Corp.'s leading brand - Vans

 
“The company’s largest brands and international and direct-to-consumer platforms performed well, delivering solid results against a retail backdrop that continues to experience significant dislocation,” said Rendle.
 
International revenue increased 2%, including 5% growth in China, and the direct-to-consumer revenue increased 6%, with digital revenue up 25%. In addition, Outdoor & Action Sports revenue increased 2% with leading brands The North Face and Vans increasing 6% and 5%, respectively.

Despite the increases, first quarter revenue from discontinuing operations decreased 2% to $2.6 billion and earnings per share on a reported basis was down 8% to $0.52 compared to $0.56 per share in the previous year.
 
VF also reported a $5.5 million net loss from discontinued operations related to the estimated loss on the sale of the Licensing Business. The company entirely exited the licensing business, which includes the JanSport brand collegiate business, and the Licensed Sports Group business that VF is selling to Fanatics.
 
The company on April 4, 2017 reached an agreement to sell its Licensed Sports Business, including the Majestic brand, to Fanatics, which is replacing Majestic as a partner of Major League Baseball.
 
VF Corp also updated its 2017 outlook to exclude the Licensing Business. The company now expects its fiscal year revenue to increase at a low single-digit percentage rate and for earnings per share to be down at a low single-digit percentage rate compared to 2016 adjusted EPS of $2.98.

Copyright © 2022 FashionNetwork.com All rights reserved.