Vans and The North Face drive impressive growth, prompting optimistic outlook!

  • VF Corporation reports 4% total revenue growth in EMEA for Q3.
  • Vans brand sees a significant global revenue increase of 27%.
  • The North Face experiences a 12% revenue increase in constant currency.
  • Timberland brand faces a 5% decrease in EMEA and 2% globally.
  • VFC raises full year fiscal 2019 revenue expectations to at least $13.8bn.
  • CEO Steve Rendle emphasizes strong growth across major brands.

VF Corporation (VFC), the parent company of popular brands Vans and The North Face, has reported a notable 4% growth in total revenue for its EMEA region during the third quarter. This positive performance has led the company to raise its fiscal year 2019 revenue expectations. In the three months ending December 2018, the Vans brand achieved a remarkable global revenue increase of 27%, with a 10% rise in the EMEA region. Meanwhile, The North Face also performed well, recording a 12% increase in revenue when adjusted for constant currency, and a 16% increase globally. However, the Timberland brand faced challenges, experiencing a 5% decline in the EMEA region and a 2% decrease globally. As a result of these mixed performances, VFC now anticipates a full-year revenue increase of approximately 12%, projecting it to reach at least $13.8 billion (£10.75 billion). CEO Steve Rendle commented on the results, stating that the strong growth in their largest brands and balanced growth across their portfolio were key factors. He also mentioned that the company is committed to executing its integrated growth strategy and is investing an additional $45 million to accelerate growth and enhance shareholder value as they move into fiscal year 2020.

Factuality Level: 10
Factuality Justification: The article provides accurate information about the company’s financial performance, including specific revenue growth percentages for each brand and region, as well as the CEO’s statement on future investments and strategy.
Noise Level: 3
Noise Justification: The article provides relevant information about the company’s financial performance and future expectations, with no irrelevant or misleading content. It also includes specific data on brand performances and the CEO’s comments on growth strategy.
Financial Relevance: Yes
Financial Markets Impacted: VFC’s stock price may be impacted by the positive Q3 revenue growth and increased FY 2019 expectations.
Financial Rating Justification: The article discusses VF Corporation’s financial performance, including revenue growth for its brands and an increase in full-year outlook, which are relevant to financial topics.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

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