{"id":27472,"date":"2017-07-18T01:34:12","date_gmt":"2017-07-18T08:34:12","guid":{"rendered":"https:\/\/www.denimsandjeans.com\/?p=27472"},"modified":"2018-10-24T14:05:41","modified_gmt":"2018-10-24T08:35:41","slug":"vf-financial-results-q1-2017","status":"publish","type":"post","link":"https:\/\/www.denimsandjeans.com\/recovery\/latest-denim-reports\/denim-data-figures\/vf-financial-results-q1-2017\/27472","title":{"rendered":"VF Financial Results Q1 , 2017"},"content":{"rendered":"

VF Corporation<\/strong>, with well known brands in its stable like The North Face\u00c2\u00ae<\/i>, Vans\u00c2\u00ae, Timberland\u00c2\u00ae, Wrangler\u00c2\u00ae, Lee\u00c2\u00ae <\/i>and Nautica\u00c2\u00ae<\/i> , is a global leader in the design, manufacture, marketing and distribution of branded lifestyle apparel, footwear and accessories. The company\u00e2\u20ac\u2122s highly diversified portfolio of 30 powerful brands spans numerous geographies, product categories, consumer demographics and sales channels. Denim and Jeanswear is one of the key segments where VF brands have a powerful presence. A study of VF\u00e2\u20ac\u2122s financials gives an idea of the direction company is taking and some idea on how consumers are reacting to various segment offerings.<\/p>\n

In this report we have done the detailed analysis as well as comparative analysis for 1st quarter of 2017 \u00c2\u00a0and a comparative analysis for the same period of last year.<\/p>\n\n\n\n\n\n\n\n\n\n
\n

Segment<\/b><\/p>\n<\/td>\n

\n

Q1| 2017 ( Million $ )<\/b><\/p>\n<\/td>\n

\n

Q1| 2016 ( Million $ )<\/b><\/p>\n<\/td>\n

\n

%<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\u00c2\u00a0 Outdoor & Action Sports<\/b><\/p>\n<\/td>\n

\n

\u00c2\u00a0 1678.8<\/p>\n<\/td>\n

\n

\u00c2\u00a0 1639.1<\/p>\n<\/td>\n

\n

\u00c2\u00a0 2<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Jeanswear<\/b><\/p>\n<\/td>\n

\n

\u00c2\u00a0 647.4<\/p>\n<\/td>\n

\n

\u00c2\u00a0 710.6<\/p>\n<\/td>\n

\n

\u00c2\u00a0 -9<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Imagewear<\/b><\/p>\n<\/td>\n

\n

\u00c2\u00a0 135.0<\/p>\n<\/td>\n

\n

\u00c2\u00a0 141.8<\/p>\n<\/td>\n

\n

\u00c2\u00a0 -5<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Sportswear<\/b><\/p>\n<\/td>\n

\n

\u00c2\u00a0 98.3<\/p>\n<\/td>\n

\n

\u00c2\u00a0 118.4<\/p>\n<\/td>\n

\n

\u00c2\u00a0 -17<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Other<\/b><\/p>\n<\/td>\n

\n

\u00c2\u00a0 22.1<\/p>\n<\/td>\n

\n

\u00c2\u00a0 24.5<\/p>\n<\/td>\n

\n

\u00c2\u00a0 -10<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 TOTAL <\/b><\/p>\n<\/td>\n

\n

\u00c2\u00a0 2581.7<\/b><\/p>\n<\/td>\n

\n

\u00c2\u00a0 2634.4<\/b><\/p>\n<\/td>\n

\n

\u00c2\u00a0 -2<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In the 1st Quarter of\u00c2\u00a0 2017<\/strong>, VF Corporation\u00e2\u20ac\u2122s total revenue is\u00c2\u00a0 $2581.7 million<\/strong>, out of which outdoor & Action Sports\u00c2\u00a0 was $1678.8 million<\/strong> which\u00c2\u00a0 is 65 %<\/strong>(approx)\u00c2\u00a0 share of total revenue. The sales in\u00c2\u00a0Jeanswear<\/strong> has fallen \u00c2\u00a0by 9%<\/strong><\/span> while Imagewear fell\u00c2\u00a0 about<\/strong> 5% <\/strong><\/span>which is not a normal reduction and shows significant loss of market. \u00c2\u00a0There\u00c2\u00a0 is a huge fall of 17 %<\/strong><\/span> in Sportswear sales compared to last year \u00c2\u00a0and \u00c2\u00a0the other segment also saw a fall of 2 %<\/strong>.\u00c2\u00a0 <\/span>On analys<\/span>is we can\u00c2\u00a0 find that Outdoor & Action Sports is\u00c2\u00a0 the current flavor of the consumers and VF, like many other brands, are trying to are struggling to sustain their denim and sportswear sales.<\/p>\n

\"Report<\/a><\/p>\n

\"Report<\/a><\/p>\n

\"Report<\/a><\/p>\n

\"Report<\/a><\/p>\n

If we look at the profit sharing of different segments ,there is marginal increase in the Outdoor & Action Sports by 1 % from the Q1 of last year ,however the Jeanswear segment reduced substantially by 14% \u00c2\u00a0which shows that the actual realisations per unit of jeanswear is lower than last year . There is a fall of 7 percent in the share of total revenue of Imagewear segment. . The Sportswear segment is now a loss making proposition for VF and the company has not made any money on Sportswear sales.<\/p>\n\n\n\n\n\n\n\n\n\n
\n

PARTICULARS<\/b><\/p>\n<\/td>\n

\n

Q1|2017<\/b><\/p>\n<\/td>\n

\n

Q1|2016<\/b><\/p>\n<\/td>\n

\n

%<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Outdoor & Action Sports<\/b><\/p>\n<\/td>\n

\n

230.94<\/p>\n<\/td>\n

\n

228.11<\/p>\n<\/td>\n

\n

1<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Jeanswear<\/b><\/p>\n<\/td>\n

\n

118.11<\/p>\n<\/td>\n

\n

137.29<\/p>\n<\/td>\n

\n

-14<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Imagewear<\/b><\/p>\n<\/td>\n

\n

24.40<\/p>\n<\/td>\n

\n

26.14<\/p>\n<\/td>\n

\n

-7<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Sportswear<\/b><\/p>\n<\/td>\n

\n

-1.07<\/strong><\/span><\/p>\n<\/td>\n

\n

4.78<\/p>\n<\/td>\n

\n

-122<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Other<\/b><\/p>\n<\/td>\n

\n

-2.20<\/strong><\/span><\/p>\n<\/td>\n

\n

-2.61<\/strong><\/span><\/p>\n<\/td>\n

\n

-16<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

TOTAL <\/b><\/p>\n<\/td>\n

\n

370.10<\/p>\n<\/td>\n

\n

393.71<\/p>\n<\/td>\n

\n

-6<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"Report<\/a><\/p>\n

\"Report<\/a><\/p>\n

\"Report<\/a><\/p>\n\n\n\n\n\n\n\n\n
\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Particulars<\/b><\/p>\n<\/td>\n

\n

\u00c2\u00a0\u00c2\u00a0 % Revenue<\/b><\/p>\n<\/td>\n

\n

% Profit<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Outdoor & Action Sports<\/p>\n<\/td>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 2%<\/p>\n<\/td>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 1%<\/p>\n<\/td>\n<\/tr>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Jeanswear<\/p>\n<\/td>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 \u00c2\u00a0 -9%<\/span><\/strong><\/p>\n<\/td>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 -14%<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Imagewear<\/p>\n<\/td>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 \u00c2\u00a0 -5%<\/strong><\/span><\/p>\n<\/td>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 -7%<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Sportswear<\/p>\n<\/td>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 \u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 -17%<\/strong><\/span><\/p>\n<\/td>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 -122%<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 Other<\/p>\n<\/td>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 \u00c2\u00a0\u00c2\u00a0 -2%<\/span><\/strong><\/p>\n<\/td>\n

\n

\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 -16%<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"Report<\/a><\/p>\n

To summarise , Outdoor and Action Sports is the only segment working for VF right now and it seems to find itself in a spot in most other segments. It needs to pull up its socks to keep up in the tough business conditions !<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

VF Corporation, with well known brands in its stable like The North Face\u00c2\u00ae, Vans\u00c2\u00ae, Timberland\u00c2\u00ae, Wrangler\u00c2\u00ae, Lee\u00c2\u00ae and Nautica\u00c2\u00ae , is a global leader in the design, manufacture, marketing and distribution of branded lifestyle apparel, footwear and accessories. The company\u00e2\u20ac\u2122s highly diversified portfolio of 30 powerful brands spans numerous geographies, product categories, consumer demographics and […]<\/p>\n","protected":false},"author":59,"featured_media":27460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[482,1442],"class_list":["post-27472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denim-data-figures","tag-denim-reports","tag-vf"],"_links":{"self":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts\/27472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/comments?post=27472"}],"version-history":[{"count":0,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts\/27472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/media\/27460"}],"wp:attachment":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/media?parent=27472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/categories?post=27472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/tags?post=27472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}