VF Corp Q2 Revenue Ex-Dickies Rises 1% Year Over Year
VF Corp said second-quarter revenue excluding Dickies rose 1% year over year, ahead of guidance.
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10:25:44 AM UTC
SquawkNews
VF delivered second-quarter constant-currency revenue growth of 1% ex-Dickies, topping its flat guidance. Altra's 40%-plus surge anchored the beat, with The North Face and Timberland each adding 4% constant-currency growth. The Americas region ex-Dickies grew 5% in constant currency, offsetting wea…
10:25:44 AM UTC
SquawkNews
VF's second-quarter adjusted operating income ex-Dickies reached $364 million, well above guidance of approximately $315 million. The outperformance reflects a 290-basis-point improvement in adjusted gross margin ex-Dickies to 55.4%, lifting adjusted operating margin 170 basis points to 13.5%. Altr…