Home / Business and Economy / VF Corp Rebounds: Revenue Grows After Three Years!
VF Corp Rebounds: Revenue Grows After Three Years!
20 May
Summary
- VF Corp reported $9.61 billion in fiscal year revenue, marking first growth in three years.
- The North Face and Timberland brands saw revenue climbs of 12% and 8% respectively.
- Company forecasts 1% to 2% revenue growth for fiscal year 2027.
VF Corp has announced a return to full-year revenue growth for the first time in three years, with its fiscal year ending in March recording $9.61 billion. This marks a significant turnaround for the company. The reported revenue of $9.61 billion is an increase from the previous year's $9.5 billion.
The company's positive performance was significantly boosted by its strong brands, The North Face and Timberland, which experienced revenue increases of 12% and 8% respectively. These gains helped to counterbalance a 1% revenue decline in its Vans brand.
For the fiscal fourth quarter ended March 28, VF Corp reported a loss of 30 cents per share, an improvement from a 39-cent loss in the prior year. Adjusted for one-time items, the company reported earnings of 0 cents per share, surpassing analyst expectations.
Looking forward, VF Corp has guided for continued expansion. The company expects its top line to grow between 1% and 2% on a constant-dollar basis in fiscal year 2027. Shares saw an uptick in premarket trading following the announcement.
