>>
Home / Knowledge / News / Apparel/Garments / VF Corp's gross margin for Q1 2017 improves to 50.2%
VF Corp's gross margin for Q1 2017 improves to 50.2%
04
May '17
VF Corp, a global leader in branded lifestyle apparel, footwear and accessories, reported an improvement in gross margin from continuing operations to 50.2 per cent, as benefits from pricing, lower product costs and a mix-shift toward higher margin businesses were partially offset by changes in foreign currency. Its global revenue also increased 2 per cent.

Direct-to-consumer revenue increased 6 per cent with digital revenue up 25 per cent and 2 per cent increase in revenue from its Outdoor & Action Sports.

"VF’s first quarter results were right in line with our expectations. 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 Steve Rendle, president and chief executive officer. "Our diversified value-creation model and our focus on becoming a more agile and consumer-centric organisation has positioned us to accelerate growth through 2017 and execute against our recently announced 2021 strategic growth plan."

However, the first quarter revenue from continuing operations for 2017 decreased 2 per cent to $2.6 billion along with 8 per cent decline in EPS. The EPS growth was negatively impacted by 8 percentage points due to lower discrete tax benefits in the first quarter of 2017, compared with 2016.

Revenue is expected to increase at a low single-digit percentage rate including about a 2 percentage point negative impact from changes in foreign currency for 2017 with gross margin expected to reach 49.6 percent, a 20 basis point increase over 2016 gross margin. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Rajesh Masand,

Rajesh Masand

Established in 1963, the Clothing Manufacturers Association of India, or...

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

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

Leave your Comments

ESTEEMED CLIENTS

Sateri (Jiujiang) Fiber Co.,Ltd
Benetton Group
Vardhman Textile Ltd
Midas Clothing Limited
Lacoste (Wanchai)
Gokaldas Exports Limited
Gap International Sourcing Limited
Bluestem Global Sourcing Limited
Grasim Industries Limited
Asos
Sportmaster Ltd.
IKEA of Sweden AB
Huntsman (Singapore) Pte Ltd
International Textile Manufacturers Federation
John Varvatos
Lisa S.P.A.
Esprit Europe Services GmbH
SYNERGIES HONG KONG LIMITED
Arvind Limited
Page Industries Limited (Bangalore)
H;&M Hennes ;& Mauritz (Far East) Ltd
Tory Burch Hong Kong Ltd
Chico’ FAS
Recron Polyester from Reliance Industries Limited
TESCO INTERNATIONAL SOURCING LIMITED
Phong Phu international JSC (PPJ)
Lenzing Aktiengesellschaft
Boardriders Asia Sourcing Limited
J ;& P Coats
LC Waikiki
Varner AS Retail
T.T. Limited
IDH – The Sustainable Trade Initiative
Restoque S.A.
Puma
Reiter India Private Limited
Alison Hayes Romania
Gatsby Africa
Rosset ;& Cia Limited
Eastman Chemical Company
KAS Direct Sourcing
Etam Group Strategy Hong Kong Limited
Aramark Uniform ;& Career Apparel, LLC
Hela Clothing Pvt Ltd
Rayonese Textile Inc., Division de Culp Inc.
Walmart
PVH Corporation
MAS Active / MAS Kreeda / MAS Bodyline
Decathlon
Groz-Beckert East Asia LLP
THE BOMBAY DYEING ;& MFG.CO. LTD
G-Star Raw C.V.
KIABI
NITI Aayog
Vianney Textil Hogar S.A. De C.V.
Truetzschler India Private Limited
Green Fibre
Permoda(Koaj/Armi/Pronto/Bkul)
Lifestyle
Desigual - ABASIC, S.A.
Brandix Lanka Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Sainsbury's Argos Asia Limited
Tommy Hilfiger
OVS Hong Kong Sourcing Ltd.
Calvin Klein
The LYCRA Company Singapore  Pte. Ltd
Target Corporation (MN)
Chori Company Limited
Alix Partners
Gloria Jeans
Lululemon Athletica Inc
Helly Hansen Far East Ltd
Aquarelle Clothing Limited
Cat Tuong Real Estate Group Joint Stock Company
BIANCA
Under Armour Global Sourcing Ltd
Amazon China
Tchibo GmbH
Sportswear Company Spa
Hirdaramani International Export Private Limited
SHAHI Exports Pvt Ltd
The Top Form Brassiere Manufacturing Company Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
BIMBA ;& LOLA SL
C;&A Sourcing International Ltd
Landmark Group
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Seasalt Limited
Guess Europe Sagl,

January 2022

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


Advanced Search