The American clothing group VF Corporation has again achieved sales plus in the third quarter of the 2024/25 financial year after a long distance. In addition, the parent company returned to the profit zone of brands such as The North Face, Vans and Timberland. Overall, the results that the company presented on Wednesday as part of a presentation exceeded its own forecasts.
CEO Bracken Darrell was correspondingly satisfied with the recent development: “We made great progress in the third quarter, increased profitability and further strengthened our balance sheet,” he said in a statement. The group is “on course” in its reform efforts.
Increases at The North Face and Timberland ensure sales plus
From October to December, the group turnover reached a height of $ 2.83 billion (2.72 billion euros) and thus exceeded the level of the previous year’s quarter by two percent. Adjusted to change course changes, the proceeds also increased by two percent.
The Plus owes the Group to the North Face (+5 percent) and Timberland (+11 percent) and the smaller group brands (+4 percent). These increases were enough to losses in vans (-9 percent) and Dickies (-10 percent) more than to be compared.
The group books an unexpectedly high quarterly profit
Thanks to an increase in gross margin as well as lower operating costs and value adjustments, the group was able to achieve an operational profit of $ 225.8 million. In the previous year, he had to accept a loss of $ 91.2 million.
The net profit amounted to $ 167.8 million (EUR 161.0 million) after a shortfall of $ 42.5 million was posted in the same period in the previous year.