Consumer
VF Corp. Sales Signal Turnaround Is Moving Forward
- Timberland brand sales were up 11% during the quarter
- Turnaround plan includes cost reductions and reorganization
This article is for subscribers only.
VF Corp., parent to brands including Vans and North Face, reported sales that beat expectations, a sign that its transformation plan is showing results.
Revenue climbed 2% to $2.8 billion last quarter, the company said in a presentation, beating analyst estimates compiled by Bloomberg. Sales for the Timberland brand rose 11% during the period.