VF Corp. Raises Earnings Outlook - Quick Facts

(RTTNews) - VF Corp. (VFC) announced, for fiscal year 2019, adjusted earnings per share is now expected to be $3.65, reflecting an increase of 16 percent. This compares to the previous expectation of $3.52 to $3.57. Revenue is now expected to be at least $13.7 billion, reflecting an increase of at least 11 percent. This compares to the previous expectation of revenue between $13.6 billion and $13.7 billion.

For the second-quarter, on an adjusted basis, earnings per share increased 19 percent (21 percent in constant dollars) to $1.43, including an $0.08 contribution from acquisitions. Revenue increased 15 percent (up 16 percent in constant dollars) to $3.9 billion, including a $324 million revenue contribution from the Williamson-Dickie, Icebreaker and Altra acquisitions. Excluding acquisitions, revenue increased 6 percent (up 7 percent in constant dollars), driven by VF's largest brands, international and direct-to-consumer platforms, and Active and Work segments.