North Face owner, VF Corporation has published its Q2 results, with sales and operating profit increasing overall and the outdoor segment performing confidently.
In the three month period of July, August and September, the company achieved turnover growth of five per cent to $3.4 billion dollars (€3 billion). The outdoor segment (including The North Face and Timberland) grew by four per cent, while the ‘Active’ segment (including Eastpak and Vans) saw sales grow by nine per cent. The group’s workwear department (including the brands Dickies and Terra) suffered a four per cent drop.
The operating result increased by six per cent to $579 million (€520 million), net profit increased by 28 per cent compared to the same period the previous year. As a result, the quarterly dividend will be increased by 12 per cent.
For the full year, the company forecasts turnover of $11.8 billion (€10.5 billion) – growth of six per cent.