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 VF Corp.: Sales will only grow more steadily in 2016
Sports-Business | 25.02.2016

Sales increased to 12.4 billion US dollars

VF Corp. with slight sales growth in 2015

VF Corp.: Sales will only grow more steadily in 2016. VF Corp. slightly increased sales in the 2015 financial year: Sales should increase more in the coming year.
VF Corp. slightly increased sales in the 2015 financial year: Sales should increase more in the coming year.
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The US sports equipment manufacturer VF Corp. was able to increase sales during the financial year by one percent to 12.4 billion US dollars; they thereby profited from the strong sectors outdoor and action sports.

In order to establish a correct comparison with the previous year, the company removed the 53rd week in the fiscal year 2014 and speaks of an increase of seven percent without exchange rate adjustment.

The gross margin was slightly weaker at 48.3 percent compared to 48.8 percent in 2014. 

The operating result remained consistent at the same level as last year at 1.8 billion US dollars. The margin amounted to 14.6 percent and was thus only slightly lower than the gross margin in the previous year (14.9 percent).

During the current financial year 2016, sales should grow in the mid-single-digit range.

Read the details of the annual report here.


Together with Nike and Adidas, VF Corp. is one of the three largest sports equipment manufacturers in the world with headquarters in Greensboro, North Carolina. VF Corp. owns brands like “The North face", "Timberland” or "Vans".


 

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