VF Corporation has reported quarterly operating profit of $368 million, up from $313 million, despite a 4% decline in revenue to $2.7 billion.
Revenue rose 1% excluding the divested Dickies business, while adjusted operating profit reached $364 million, exceeding guidance of approximately $315 million.
VF Corporation has reported quarterly operating profit of $368 million, up from $313 million, despite a 4% decline in revenue to $2.7 billion.
Revenue rose 1% excluding the divested Dickies business, while adjusted operating profit reached $364 million, exceeding guidance of approximately $315 million.
The results cover the second quarter of fiscal 2027, ended 26th September.
President and chief executive Bracken Darrell said: “We drove strong results in the second quarter, ahead of guidance across key metrics, as a result of great product and solid execution.”
Gross margin rose to 55.4%, from 52.2% a year earlier. Inventories increased 7%, which the group said would support demand in the second half.
The group reaffirmed its annual outlook, forecasting revenue growth of at least 2% at constant exchange rates, excluding Dickies from the comparison and including an additional trading week in the fourth quarter of fiscal 2027
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