US’ VF Corporation reported a 9 per cent YoY revenue decline to $1.9 billion in Q1 FY25.
The North Face saw a 3 per cent revenue drop, with a 6 per cent rise in global DTC sales, while Vans’ revenue fell 21 per cent.
The company’s gross margin decreased by 80 basis points to 52 per cent, and operating margin dropped to minus 12.6 per cent.
The North Face saw a 3 per cent revenue drop, with a 6 per cent rise in global DTC sales, while Vans’ revenue fell 21 per cent.
The company’s gross margin decreased by 80 basis points to 52 per cent, and operating margin dropped to minus 12.6 per cent.
