VF Corp. Three Quarter Net Profit To Break Through Market Expectations

< p > benefit from the strong sales and gross profit margin of the outdoor brand < a _xhe_href= "//www.sjfzxm.com/news/index_c.asp" href= "//www.sjfzxm.com/news/index_c.asp" > sports brand < /a >, the us a _xhe_href= "//www.sjfzxm.com/news/ index_c.asp" //www.sjfzxm.com/news/ "" ">" clothing > "giant (three) earnings exceed the market expectations, and led the stock price to rise 4.82% in October 21st.

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< p > in the three quarter ended September 28, 2013, the net profit of VF Corp. (NYSE:VF) increased by 13.8% to 433 million 800 thousand US dollars compared to the same period last year, 381 million 300 thousand US dollars in the same period last year. The diluted earnings per share rose to 3.89 US dollars from 3.42 US dollars in the same period last year. Excluding the related expenses of acquiring Timberland, the earnings per share reached 3.91 US dollars, which was 0.13 dollars more than the average analyst's 3.78 dollars.

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< p > > a _xhe_href= "//www.sjfzxm.com/news/index_c.asp" href= "//www.sjfzxm.com/news/index_c.asp" > VF < /a > Corp. (NYSE:VF) the income in the three quarter was $3 billion 270 million, an increase of 4.7% over the same period last year of 3 billion 150 million, less than the 3 billion 340 million US dollar market forecast, and gross margin rose 90 basis points to 47.6%.

The group maintained its annual revenue of $11 billion 500 million and adjusted net profit of $10.85 per share unchanged, and expected gross margin to increase by 150 basis points to 48% over 2012.

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< p > the income of outdoor and extreme sports departments increased by 6.5% to US $1 billion 970 million over the same period, of which The North Face revenue rose 3%, Vans income increased 16%, while Timberland increased by 2%.

The sector's operating profit was $421 million, an increase of 2% over the same period last year, and its gross margin fell by 90 basis points to 21.4%.

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< p > the denim garment department's revenue was 747 million US dollars, an increase of 4% over the same period, of which Lee income increased by 3%, but in China it recorded a high single digit income decline, Wrangler revenue increased 8% over the same period last year, and the sector's operating profit increased by 21.2%.

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< p > Imagewear revenue in the three quarter was US $284 million, unchanged from last year.

The income of sportswear department was $155 million, up 1% from the same period last year, of which the median income of Nautica decreased, while Kipling increased by 22% over the same period last year.

The revenues of modern brand sectors increased by 1% to 105 million dollars.

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< p > VF Corp. (NYSE:VF) also announced the dividend payment of $1.05 per share in the three quarter, a 21% increase over the two quarter, and will be split in December 10th in a split four way to increase the circulation share from about 110 million shares to 440 million shares.

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VF Corp. (NYSE:VF) rose by 4.25% to 212.99 dollars in the period from P to deadline, and the total share capital has risen to 43.27% so far.

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