Lifestyle brands company VF Corporation posted a record second quarter profit, buoyed by revenue surges for its Outdoor & Action Sports and Contemporary Brands businesses, up 12% and 18% respectively.
The US company also witnessed a return to revenue growth for its jeanswear, sportswear and imagewear coalitions.
“Revenues grew across all coalitions, gross margins reached record levels and earnings per share hit an all-time high,” said Eric Wiseman, company chairman and CEO.
“While current indicators point to a pause in the economic recovery, strong, highly profitable brands with compelling products that speak to consumers’ needs can be successful regardless of the external environment.”
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