VF’s Q2 Profit Indicates Progress on Turnaround Plan

VF Corp. is progressing on its turnaround plan, besting Wall Street’s expectations in the second quarter. For the second quarter ended Sept. 27, VF posted net income of $189.8 million, or 48 cents a diluted share, versus net income of $52.2 million, or 13 cents, in the same year-ago period. Revenues rose 1.6 percent to $2.80 billion from $2.76 billion. By channel, direct-to-consumer sales were down 1 percent to $909.9 million, while wholesale sales rose 3 percent to $1.89 billion. More from WWD Wall Stre ...