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VF Corp Reports Vans Revenue Flat in Q4, However Up 20% FY22

VFC REPORTS BROAD-BASED GROWTH IN FOURTH QUARTER AND INTRODUCES FULL YEAR FISCAL 2023 OUTLOOK Q4’FY22 Financial Highlights: Revenue $2.8 billion, up 9% The North Face® revenue $0.8 billion, up 24% Vans® revenue $1.0 billion, flat Gross margin 51.9%, down 20 basis points Operating margin 6.8%, up 210 basis points FY22 Financial Highlights: Revenue $11.8 billion, up 28%, excluding acquisitions, up 23% Gross margin 54.5%, up 180 basis points Operating margin 13.8%, up 720 basis points…

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