Shares of VF Corporation rose Wednesday morning after the apparel maker reported third-quarter earnings that topped expectations as sales grew across each of its international regions.
VF (VFC), the parent company of Vans, North Face, and a number of other apparel brands, reported $167.78 million, or 43 cents per share, in net income for the third quarter of fiscal 2025, compared to a $42.45 million loss in the same quarter a year ago.
VF also recorded $2.83 billion in revenue, up about 2% year-over-year and better than the slight decline the company and analysts had projected.
"Although there is work to do to consistently deliver double-digit operating margins and sustainable top-line growth, we are making great strides in transforming VF into a truly differentiated, multi-brand operator," CEO Bracken Darrell said.
Looking ahead to the fourth quarter, the company said it expects revenue to come in down 4% to 6% from the year-ago quarter, with a projected adjusted operating loss of up to $30 million.
Sales grew across the globe for the company as a whole, with sales for North Face and Timberland rising 5% and 11%, respectively, from the same time last year as Vans sales fell 9%.
VF shares were up about 1% Wednesday morning, putting them up nearly 60% over the last 12 months.
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