VF Corp. Q4 Profit Rises - Quick Facts

(RTTNews) - VF Corp. (VFC) reported that its fourth-quarter net income attributable to company increased to $367.67 million or $0.82 per share, from $334.17 million or $0.75 per share, last year. Net income attributable to VF Corporation, as adjusted, was $368.24 million or $0.82 per share, for the quarter.

On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.84 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $3.26 billion, compared to $3.00 billion, a year ago. Total revenues were $3.29 billion, compared to $3.03 billion, previous year. Analysts expected revenue of $3.34 billion for the quarter. Revenues growth of 8 percent was driven by double-digit growth in Outdoor & Action Sports, Sportswear, international and direct-to-consumer businesses, and high single-digit percentage growth in Imagewear coalition.

For full year 2014; the company expects its revenue to increase by 7 to 8 percent including growth in every coalition. Earnings per share is expected to increase 11 to 13 percent to $3.00 to 3.05. Analysts expect the company to report full year 2014 profit per share of $3.09.

The company said, in terms of quarterly revenue comparisons in 2014, the cadence should be similar to that of 2013 - although at a higher percentage increase per quarter.

The company said its first-quarter earnings will face a tougher comparison against last year's first quarter earnings per share due to the inclusion of $0.03 per share from discrete tax benefits primarily related to the impact of U.S. tax law changes enacted in January 2013.