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The Timberland Company

VF 1st-Quarter Profit Rises; Boosts Earnings Outlook

VF Corp.'s (VFC) first-quarter earnings rose 26% as the premium-brand apparel maker's margins improved amid higher revenue, particularly from the company's outdoor and action-sports segment.Based on slightly stronger-than-expected first-quarter profit, the company raised its full-year adjusted earnings guidance by five cents and now expects per-share earnings of $10.75, while reiterating its forecast for a 6% rise in revenue to $11.5 billion.VF, whose clothing brands include North Face, Wrangler and Nautica, has seen increased revenue for over three years as its 2011 acquisition of the footwear company Timberland Co. contributed to strong outdoor and action-sports segment sales.VF reported a profit of $270.4 million, or $2.41 a share, up from $215.2 million, or $1.91 a share, a year earlier. Excluding items such as acquisition costs, adjusted earnings rose to $2.43 a share from $1.94. Revenue rose 2.2% to $2.61 billion.Analysts polled by Thomson Reuters recently forecast earnings of $2...

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  1. North Face Gets Boost from Good Winter in Europe

    VF Corporation CEO Eric Wiseman on the company’s fourth-quarter results and outlook.

  2. VF 4th-Quarter Net Rises 30%; Issues Weak Year View

    VF Corp.'s (VFC) fourth-quarter earnings rose 30% as the premium-brand apparel maker's margins improved despite slower-than-expected revenue growth.The company also ...

  3. VF Corp Net Beats; Company Issues Rosy Outlook

    VF Corp posted a higher-than-expected quarterly profit and forecast a strong year ahead on Friday, saying demand for its flagship clothing brands like The North Face...

  4. VF Profit Rises 30%; Issues Weak Year View

    VF Corp.'s (VFC) fourth-quarter earnings rose 30% as the premium-brand apparel maker's margins improved despite slower-than-expected revenue growth.The company also ...

  5. Altamont, Ex-Oakley CEO Team Up on Billabong

    Altamont Capital Partners has tapped a former chief executive of sunglasses maker Oakley Inc. to join its 526.8 million Australian dollar (US$555.8 million) bid with...

  6. VF Corp. Confirms $556 Mln Offer For Billabong

    VF Corp. and Altamont Capital Partners on Monday said they submitted a buyout offer for Billabong that values the Australian surf brand at about $1.16 a share, or $5...

  7. Bidding War for Australian Surfwear Maker Billabong

    Billabong International Ltd. (BBG.AU) said Monday it had received a 526.8 million Australian dollar (US$556 million) offer from a consortium involving U.S. clothing ...

  8. Billabong Gets Alternative $556 Million Buyout Offer

    Billabong International Ltd. (BBG.AU) said Monday it had received a 526.8 million Australian dollar (US$556 million) offer from a consortium involving U.S. clothing ...

  9. A Few Ideas to Kick Around in the Retail Space

    Alan Brochstein Takes a Look at Shoe Stores I have a confession: I hate to shop for clothes. In fact, except for groceries and wine, I don't like to go to any stores...

  10. Treasury Sees $67.0 Million in Proceeds From Auction of Shares in 11 TARP Banks

    The Treasury Department said Friday it sold shares in 11 banks as it continues to wind down its bailout program from the 2008 financial crisis, expecting to receive ...

  11. VF Profit Rises, Aided By Timberland

    VF Corp. , parent of North Face jackets and Wrangler jeans, said Monday that its third-quarter profit rose to $381.3 million, or $3.42 a share, from $300.7 million, ...

  12. Nine Potential Breakout Stocks

    Alan Brochstein identifies nine stocks with both price and fundamental momentum near their 52-week high As I type, the S&P 500 has been consolidating new highs made ...

  1. VF Corp First-quarter Profit Beats, Revenue Misses

    VF Corp. said Friday first-quarter net income rose to $270.4 million, or $2.41 a share, from $215.2 million, or $1.91 a share, a year earlier. The company said adjus...

  2. Sycamore Consortium Nears Takeover of Billabong

    A consortium led by Sycamore Partners on Tuesday closed in on struggling surfwear retailer Billabong International Ltd. (BBG.AU) with a takeover bid that keeps the A...

  3. Billabong Mulls Takeover Bid From Sycamore Consortium

    Australian surfwear retailer Billabong International Ltd. (BBG.AU) Tuesday said it has begun exclusive bid talks with a consortium led by private equity firm Sycamor...

  4. U.S. Groups Cut Billabong Bids Below A$1.10/Share

    Two U.S. consortia competing to acquire surfwear retailer Billabong International Ltd. (BBG.AU) have lowered their bids from an initial 526.8 million Australian doll...

  5. Billabong Share Plunge Prompts Trading Halt

    Australian surfwear retailer Billabong International Ltd. (BBG.AU), at the center of a takeover tussle between two U.S. consortia, said Thursday it is investigating ...

  6. Takeover Bids for Billabong International Due March 28-Source

    U.S. consortiums vying to acquire Australian surfwear retailer Billabong International Ltd. (BBG.AU) have been set a March 28 deadline to make final bids, a person f...

  7. Billabong Posts Loss, Testing Bidders' Resolve

    Takeover target Billabong International Ltd. (BBG.AU) Friday shocked the market with a gaping net loss and a fresh warning on future earnings that will test the appe...

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