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VF Corp revenue down 48% in first quarter

Revenue from continuing operations for the U.S. headquartered manufacturer of footwear and outdoor apparel decreased 48% to US$1.1 billion for the first quarter of the Group’s fiscal year 2021.


VF Corp’s Q1 revenues expected to halve

For the fiscal year ending March 28, 2020, the parent company of the Timberland brand posted revenue up 2% to US$10.5 billion, but revenue declined 11% for the fourth quarter to US$2.1 billion dollars, due to lower consumer demand amid lockdowns in several key markets worldwide.


Mixed second-quarter results for Timberland

Revenue growth for VF Corporation in the second-quarter of its fiscal 2020 was mainly driven by its two largest brands, Vans and The North Face, which grew 16% and 10% respectively in the quarter.