Global leader in branded lifestyle apparel, VF Corporation announced record results for the fourth quarter and full year 2005. All per share amounts are presented on a diluted basis.
Net income in the fourth quarter rose to a record $127.5 million from $125.3 million, with earnings per share rising to $1.13 from $1.10.
As previously announced, during the fourth quarter the Company early adopted Financial Accounting Standards Board Statement No. 123 (Revised 2004), Share-Based Payment ("Statement 123"), which requires the expensing of stock options.
VF Corporation is a leader in branded lifestyle apparel including jeanswear, outdoor products, intimate apparel, image apparel and sportswear.
Its principal brands include Lee, Wrangler, Riders, Rustler, Vanity Fair, Vassarette, Bestform, Lily of France, Nautica, John Varvatos, JanSport, Eastpak, The North Face, Vans, Reef, Napapijri, Kipling, Lee Sport and Red Kap.
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