Vans, Timberland-Owner VF Corp Beats Revenue Expectations for Third Consecutive Quarter
Revenues climbed by 2% to reach $2.83 billion USD in the three-month period, as the company continues to come back from demand headwinds.
On Wednesday, VF Corporation, the apparel and footwear conglomerate that owns brands including The North Face, Vans and Timberland, shared its Q3 FY2025 financial results, revealing that it had beat out revenue and profit forecasts for the third consecutive quarter.
During the period, which concluded on December 28, the company’s revenue climbed by 2% to reach $2.83 billion USD, which surpassed analysts’ estimates of $2.75 billion USD, according to Business of Fashion. Meanwhile, VF Corp reported profits of 62 cents per share, smashing forecasts of 34 cents per share on a currency-adjusted basis.
On a brand level, Timberland’s sales climbed by 11% to reach $527 million USD, as Yellow Boot momentum continued and ultimately resulted in a strong holiday performance across all regions. The North Face saw sales rise 5% to $1.253 billion USD, with a strong performance in the Americas and a blockbuster collaboration with SKIMS. Vans’ revenues, meanwhile, were down 9% from last year at $607.6 million USD, though the brand still saw new products outperform icons (driven by Knu Skool, with momentum in Hylane and Upland) and found success with OTW Holiday collaborations.
Overall, the positive results come as the company continues to recover from demand headwinds that impacted its financial standing up until early last year. “Although there is work to do to consistently deliver double-digit operating margins and sustainable top-line growth, we are making great strides in transforming VF into a truly differentiated, multi-brand operator,” CEO Bracken Darrell said in a statement.
Looking ahead, VF Corp expects to see revenues fall between roughly 4% and 6% in Q4 FY2025, which would fall in line with analysts’ estimates of a 4.96% decline.
See VF Corp’s full Q3 FY2025 financial report here.
