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Tremendous growth at The North Face offsets China, Vans issues for VF Corp.

·3 min read
Tremendous growth at The North Face offsets China, Vans issues for VF Corp.

A remarkable boost in sales from outdoor brand The North Face offset VF Corp’s struggles in China and continuing disappointing results from top brand Vans and pushed the Denver-based apparel giant to a 7% revenue boost to $2.3 billion in its most recent quarter. VF (NYSE: VFC) officials reported “healthy top-line performance” for the company Thursday, aided by big growth also in Europe and in some of its smaller brands, including Denver-based running-shoe manufacturer Altra. The company reduced its earnings forecast for the current fiscal year due to the negative impacts of the rising value of the dollar on overseas sales, which sent stock prices down about 1% in after-hours trading following the release of its earnings report, but said it expects no dip in overall revenue.