North Face owner VF Corp's profit rises 14 pct in third qtr

Reuters

Oct 21 (Reuters) - VF Corp, known for clothingbrands The North Face and Vans, reported a 14 percent rise inthird-quarter profit, boosted by strong sales in its outdoor &action sports and jeanswear businesses.

Net income rose to $433.8 million, or $3.89 per share, inthe quarter ended Sept. 28 from $381.3 million, or $3.42 pershare a year earlier.

On an adjusted basis, VF Corp earned $3.91 per share in thethird quarter.

Sales rose 5 percent to $3.27 billion.

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