15财年第三季度服装公司VF销售额增长7%
Apparel marketer VF Corp’s sales expand 7% in Q3FY15
Outdoor & action sports revenues went up 11 percent from the prior year quarter, including a 9 percent increase in The North Face brand, a 12 percent hike in Vans and a 15 percent surge in Timberland.
VF Corp said its direct-to-consumer revenues shot up by 16 percent with growth coming from every brand and double-digit growth in every region in the reporting quarter, while global sales rose 9 percent driven by strong growth in Europe and Asia Pacific.
In the third quarter of 2014, gross margin improved 70 basis points to 48.3 percent, which VF Corp attributed to continuing shift of its revenue mix toward higher margin businesses. In the same quarter SG&A as a percent of revenues was up 40 basis points to 30.4 percent.
Operating income increased 9 percent year-on-year to $633 million in the third quarter of 2014, compared with $580 million in the same period of 2013, while operating margin stood at 18 percent against 17.6 percent in the third quarter of 2013.
Third quarter of 2013 earnings per share hiked in double-digits to 11 percent to $1.08 per share compared with $0.97 per share during the same period last year. Resultantly, VF hiked quarterly dividend by 22 percent to $0.32 per share.
In its outlook for the full fiscal year, VF Corp expects turnover to reach $12.3 billion, growing 8 percent over the previous fiscal year, with outdoor & action sports revenues expected to increase by 13 percent.
It also revised upwards Timberland brand’s annual growth outlook to 13 percent versus the previously anticipated 12 percent. Gross margin is also expected to expand to around 49 percent and operating margin is forecast to touch 15 percent.
Earnings per share are now expected to reach $3.08 per share, an increase of $0.02 over the previous outlook, representing a 14 percent increase over the previous fiscal year and slightly ahead of its long-term financial target.
“Our third quarter results validate our growth strategy and demonstrate our ability to manage our powerful portfolio in ways that ensure we deliver solid results,” Eric Wiseman, Chairman at VF Corp said elatedly.
He added, “Led by another outstanding performance from our outdoor & action sports business, we delivered strong growth in revenue and earnings and we are squarely on track to deliver another record year for VF and our shareholders.”
15财年第三季度服装公司VF销售额增长7%
在截至
户外&活动运动系列收入比上年一季度上升11%,包括North Face 的 9%,Vans 12%以及Timberland 15%。
VF公司表示,在报告的季度期间其直销业务收入飙升16%，增长来自每个品牌以及每个地区两位数的增长。受欧洲和亚太地区强劲增长的带动，全球销量同比增长9%。
在2014年第三季度,毛利率提高了70个基点至48.3%,VF公司归因于其利润率较高的业务持续的收入结构转型。在同一季度，占收入百分之一的销售管理及行政费用上涨了40个基点至30.4%。
在2014年第三季度，营业收入为6.33亿美元,较去年同期增长了9%, 而2013年同期为5.8亿美元。而营业利润率保持在18% ，2013年第三季度为17.6%。
2013年第三季度的每股收益增速为两位数，增长11%至每股1.08美元,相比之下,去年同期为每股0.97美元。综合之后，VF季度股息上涨22%至每股0.32美元。
在其对全财年的前景展望中,VF
公司预计营业额将比过去的财政年度增长8%至123亿美元, ,户外&活动运动收入预计将增长13%。
同时也向上修正了Timberland品牌的年度增长预期至13%，之前为12%。毛利率预计也将扩大到49%,营业利润率预计将达到15%。
每股收益预计会达到3.08美元,比之前的预期增加0.02美元,比上一财政年度增长14%,略高于长期财务目标。
“我们第三季度的业绩证实了我们的增长战略，也表明了我们对强大投资组合的管理能力使得我们取得可靠的结果,” VF公司董事长Eric
Wiseman兴高采烈地说道。
他补充说,“随着我们户外&活动运动系列的杰出表现，我们的收入和利润得到了强劲增长，并且我们将为VF公司以及我们的股东创造另一个纪录。”