But the former Clorox Co. CEO reaffirmed VF’s annual outlook — narrowing the range some to earnings per share of $2.05 to $2.15 from the $2 to $2.20 previously projected.
In addition to being more consistent with its brands, particularly Vans, VF intends to live up to its reputation as a savvy supply chain giant. Revenues for the three months ended Dec. 31 decreased 2.6 percent to $3.5 billion from $3.6 billion. In constant currencies, revenues increased 3 percent. The outdoor brands proved strongest, with The North Face revenues up 13 percent in constant dollars, while Timberland was ahead 6 percent.
With VF tweaking its biggest brand, getting back into its supply chain groove and costs being managed closely, the company seems to be on the dealmaking sidelines for now.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: wwd - 🏆 24. / 68 Read more »