VF expects 9% increase in '08 revenues

GREENSBORO, N.C. VF annnounced that is raising its 2008 guidance to reflect strong expectations in revenues and earnings growth.

The company said it expects revenue to increase 9% in 2008 and earnings per share growth to grow by 10%.

“We are committed to delivering growth and focused on driving total shareholder return, with confidence that we have the brands, strategies and talent to achieve both on a sustainable, long-term basis,” said Eric Wiseman, president and ceo. “This is a tremendously exciting day for us, as we share our vision for a VF that is bigger, more international, more diversified and more profitable.” 

By 2012, the company expects to reach $11 billion in revenues and organic growth of 6% to 7%, with acquisitions contributing 2% to 3% to growth.