- 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.