VF Corp.’s profits climb, raises outlook
Strong performance across its largest global brands, digital and international divisions lifted VF Corp.'s profits in the second quarter.
For the quarter ended July 1, VF Corp.’s revenue increased 2% to $2.4 billion, surpassing the Zacks Consensus Estimate of $2.289 million. While earnings per share dropped 11% to 29 cents, this still beat analyst expectations of 28 cents.
The company’s direct-to-consumer division’s revenue increased 13%. Digital revenue jumped by 34%.