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Margins improve at V.F. Corp

Jul. 20, 2018 7:03 AM ETV.F. Corporation (VFC) StockBy: Clark Schultz, SA News Editor3 Comments
  • V.F. Corp (NYSE:VFC) reports underlying revenue rose 12% in Q2 after backing on acquisitions. On a constant curreny basis, revenue was up 10%.
  • Active segment revenue was up 25% during the quarter, led by a 32% jump in Vans brand revenue.
  • International revenue rose 27%, inclusive of a 13 percentage point contribution from acquisitions.
  • Gross margin rose 90 bps to 50.5% of sales vs. 50.1% consensus estimate.
  • Looking ahead, VF expects full-year revenue of $13.6B to $13.7B and full-year EPS of $3.52 to $3.57 vs. $3.55 consensus.

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