VF Reports Second Quarter 2013 Results and Raises Full-Year Earnings Guidance
July 19 2013 - 7:00AM
Business Wire
- Gross margin up 240 basis points to
48.5 percent.
- Adjusted EPS up 14 percent to $1.27
(down 11 percent to $1.24 on a GAAP basis).
- Outdoor & Action Sports revenues
rose 6 percent and increased to 50 percent of total VF sales in the
quarter.
- International revenues rose 6
percent with increases in every region.
- Direct-to-consumer revenues up 8
percent, with balanced U.S. and international growth.
- Full-year adjusted earnings guidance
raised $0.10 per share to $10.85, up 13 percent over 2012 (up 11
percent to $10.78 on a GAAP basis).
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