Home / Knowledge / News / Apparel/Garments / VF Corp's Q1 2016 revenue up 2% to $2.8 billion
VF Corp's Q1 2016 revenue up 2% to $2.8 billion
05
May '16
Courtesy: VF Corporation
Courtesy: VF Corporation
US manufacturer and distributor of branded apparel, accessories and shoes, VF Corporation reported a rise of 2 per cent in its total revenue to $2.839 billion in the first quarter of 2016, ended March 31, as compared to $2.837 billion in the corresponding quarter last year.

The rise in total revenue was attributed to the strengthening outdoor & action sports sector, jeanswear, direct-to-consumer segment and international businesses.

The outdoor and action sports sector saw a rise of 4 per cent in its revenue to $1.644 billion in Q1 of 2016 as compared to $1.606 billion in the same period last year. The jeanswear segment also saw a rise of 4 per cent in revenue to $710.59 million as compared to $699.65 million last year.

Revenue at international businesses of VF Corporation was up 4 per cent as compared to the first quarter last year. It was up 8 per cent at the direct-to-consumer segment this quarter.

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

“By leveraging our strengths – driving innovation into the marketplace, connecting with consumers and operating with financial discipline – we are on track to deliver results consistent with our 2016 outlook, while also delivering on our commitment to shareholders,” he added.

The company expects revenue to increase at mid-single-digit percentage rate in the full-year 2016. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search