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VF Corp Tops Estimates As North Face, Timberland Sales Soar

VF Corp reported a nearly 7% jump in revenue, driven by double-digit growth in its outdoor and action sports portfolio. Its bottom line also exceeded expectations with earnings of 67 cents a share.

VF Corp is starting the year on solid footing after exceeding analysts' estimates in its first quarter. The apparel company reported a nearly 7% jump in revenue, driven by double-digit growth in its outdoor and action sports portfolio. Brands in that division, including The North Face, Timberland and Vans, spiked 14% and accounted for more than half total revenue of $2.8 billion. Its bottom line also exceeded expectations with earnings of 67 cents a share coming in 4 cents higher than forecasts.

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