For the full year of 2016, earnings per share (EPS) from continuing operations, at marketer of apparel brands, VF Corporation dropped 9 per cent year on year to $2.78, while adjusted EPS increased 2 per cent to $3.11. In the year under review, sales from continuing operations were flat at $12 billion, but increased 1 per cent on a currency neutral basis.
Cash flow from operations in 2016 totalled nearly $1.5 billion and VF Corp returned more than $1.6 billion to shareholders through dividends and share repurchases in the year.For the full year of 2016, earnings per share (EPS) from continuing operations, at marketer of apparel brands, VF Corporation dropped 9 per cent year on year to $2.78, while adjusted EPS increased 2 per cent to $3.11. In the year under review, sales from continuing operations were flat at $12 billion, but increased 1 per cent on a currency neutral basis.#
For 2017, the apparel marketer expects revenue to rise in a low single-digit percentage rate, which also includes a 2 percent negative impact from foreign currency changes.
In the current year, the company has anticipated 2017 gross margin at 48.6 per cent, which includes a 70 basis point negative impact from foreign currency changes.
In 2017, VF Corp again expects to return more than $1.6 billion to shareholders, through share repurchases and dividends. (AR)
ALCHEMPro News Desk – India
marketing@alchempro.com
