VF Corp, Parent Company of Supreme, Records $3.6 Billion Revenue in Q3
VF Corp, the parent company of brands like Supreme, The North Face and Vans, has released its third-quarter fiscal 2022 report, the Denver-based operation generating $3.6 billion in revenue, a 22 per cent year-over-year increase.
Q3 revenue is up despite a series of pandemic-related business modifications, including travel restrictions and temporary office and retail store closures. VF Corp noted that the majority of its supply chain is currently operating.
‘We delivered strong double-digit top and bottom line results and returned about 500 million dollars in cash to shareholders in the third quarter, all of which has been achieved amidst continuing macro headwinds,’ said Steve Rendle, VF's chairman, president and CEO in a statement.
Approximately $600 million of VF’s full year revenue is expected to come from Supreme.
VF Corp recently acquired the New York skate imprint for $2.1 billion in 2020 .VF Corp was founded in 1989 and currently trading on the New York Stock Exchange as VFC.
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