Home / Knowledge / News / Apparel/Garments / 2016 EPS from continuing operations drops 9% at VF Corp
2016 EPS from continuing operations drops 9% at VF Corp
Feb '17
For the full year of 2016, earnings per share (EPS) from continuing operations, at marketer of apparel brands, VF Corporation dropped 9 per cent year on year to $2.78, while adjusted EPS increased 2 per cent to $3.11. In the year under review, sales from continuing operations were flat at $12 billion, but increased 1 per cent on a currency neutral basis.

Cash flow from operations in 2016 totalled nearly $1.5 billion and VF Corp returned more than $1.6 billion to shareholders through dividends and share repurchases in the year.

For 2017, the apparel marketer expects revenue to rise in a low single-digit percentage rate, which also includes a 2 percent negative impact from foreign currency changes.

In the current year, the company has anticipated 2017 gross margin at 48.6 per cent, which includes a 70 basis point negative impact from foreign currency changes.

In 2017, VF Corp again expects to return more than $1.6 billion to shareholders, through share repurchases and dividends. (AR)

Fibre2Fashion News Desk – India

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