V.F. Corp (NYSE:VFC) reports sales in the Outdoor & Action Sports segment rose 16% in Q2 to $1.279B to help offset a 1% dip for sales in the Jeanswear segment.
The company's direct-to-consumer channel saw sales jump 18% on broad geographic sales momentum.
Gross margin fell 10 bps to 48.4% during the period.
Inventory +6% Y/Y in Q2.