×
105
Fashion Jobs
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Sales Manager
Permanent · TIJUANA
SHISEIDO
Senior Manager - Marketing, Ipsa
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Logistics & Warehouse Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Head of Product Development And Fit (Garment, Fashion Accessories, Home Textile, Etc.)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager (Baby Wear) - Dongguan
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Finance Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Technical Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Factory Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
General Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
SHISEIDO
Senior Officer - Talent Acquisition, Human Resources
Permanent · Hong Kong
SHISEIDO
Network & Security Specialist, Information And Technology Transformation
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
National Business Trainee (3d Artistist / Designer) - 2-Year Programme
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Fabric Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager – Beauty Accessories & Fashion Accessories
Permanent · CLEARWATER
SHISEIDO
Travel Retail - Area Sales Manager, Greater China, Prestige, Cpc & Fragrance
Permanent · Hong Kong
SHISEIDO
Manager - Finance And Accounts (Business Process, Operations & Financial Compliance)
Permanent · Hong Kong
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
NIKE
HR Manager/Assistant Manager - Hrbp (1-Year Contract)
Permanent · Hong Kong
PUMA
Executive, Key Account - Partner Store
Permanent · Hong Kong
FOOT LOCKER
Sales Associate - Part Time (Hong Kong, Gala Place)
Permanent · Hong Kong
SHISEIDO
Senior Officer, Corporate Communications
Permanent · Hong Kong
SHISEIDO
Assistant Manager - Influencer Marketing, Clé de Peau Beauté
Permanent · Hong Kong
Published
Oct 24, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

VF Corp revenues disappoint in second quarter

Published
Oct 24, 2021

VF Corp, the parent company of brands including Vans, The North Face and Supreme, has reported revenue of $3.2 billion for Q2, representing an increase of 23%, or 21% in constant currencies, from $2.6 billion in the prior-year period.


Vans posted a revenue increase of 8% in Q2 - Instagram: @vans

 
This figure disappointed analysts, coming in under the FactSet consensus of $3.5 billion cited by MarketWatch and leading to a drop of almost 7% in the company’s shares in premarket trading on Friday.
 
Excluding the contribution of Supreme, acquired by the company in December 2020, VF’s revenue saw a year-over-year rise of 19%, or 17% in constant currencies, in the second quarter ended October 2, 2021.

The group’s active segment revenue increased 16%, including an 8% increase at Vans and an 8 percentage point growth contribution from acquisitions, while its outdoor segment posted 31% growth, including a 31% increase at The North Face. Revenues in VF’s work segment rose 18%, including 21% growth at the Dickies brand.
 
International revenue at the company increased 18% year over year, with sales rising 19% in Europe and 9% in Greater China.
 
By distribution channel, the company’s revenues rose 32% in its direct-to-consumer business, with digital revenues increasing 24%. The wholesale channel, which as VF pointed out, “continues to be materially impacted by the timing of shipments due to port delays and logistics challenges,” saw a 17% rise in revenue.
 
Quarterly net earnings at the company were $464.1 million, or $1.18 per share, up from $256.7 million, or $0.62 per share, in the same period in the previous year.
 
“As we move through the halfway point of our fiscal year, I remain encouraged by the underlying momentum across the portfolio, and the broad-based nature of this strength gives me confidence that we are driving the right strategy to accelerate growth in the quarters ahead,” commented VF chairman, president and CEO Steve Rendle in a release.
 
In the first half of its fiscal year, VF’s revenues totaled $5.4 billion, up 46% from $3.7 million in the same six-month period in the previous year. Earnings were $788.3 million, or $1.58 per share, compared to a loss of $28.9 million, or $0.09 per share, last year.
 
“While the recovery has been impacted by further pandemic-related disruptions, we continue to see accelerating demand signals across our business, and our ability to reaffirm our fiscal 2022 revenue and earnings outlook is a clear testament to the resiliency and optionality of our mode,” added Rendle.
 
Looking forward, VF expects to report full-year revenue of approximately $12.0 billion, reflecting growth of around 30%.

Copyright © 2022 FashionNetwork.com All rights reserved.