VF Corp’s revenue up 12% in fiscal 2019

Worldwide
Published:  23 May, 2019

Revenue from continuing operations for the U.S. based lifestyle and footwear Group increased 12% to US$13.8 billion for its full fiscal 2019.

Revenue in the Active segment increased 16% in the year, including a 24% increase in Vans brand revenue, while Outdoor segment revenue was up 9%, including a 9% increase in The North Face brand revenue. Revenue from international operations increased 10%, with revenue in China up 22%. “Fiscal 2019 marked one of the most significant periods of transformation in VF's 120-year history, highlighted by our announcement to spin off our Jeans business as an independent, publicly traded company,” said Steve Rendle, Chairman, President and CEO, VF Corporation. "As we enter fiscal 2020, our portfolio is well positioned, and our growth and momentum are strong, fuelled by the investments we are making in support of our long-term strategy”, he added.

In its adjusted full fiscal 2020 outlook, VF Corp said revenue is expected to be in the range of US$11.7 billion to US$11.8 billion, reflecting growth of approximately 5% to 6%, with revenue from international operations expected to increase approximately 4% to 6%, mainly led by the Asia Pacific region.