Reported 1 day ago
VF Corp., the parent company of popular brands like Vans and North Face, has surpassed sales expectations with a 2% revenue increase to $2.8 billion in its fiscal third quarter, signaling that its transformation plan is effective. Timberland brand sales saw an 11% rise, and the company has updated its full-year cash flow forecast to $440 million. Despite challenges in the Americas and a predicted 4% to 6% revenue decline for the fourth quarter, the company is actively pursuing a revitalization strategy introduced in July 2023.
Source: YAHOO