Feb 15 VF Corp, owner of clothing brands
like The North Face, Wrangler and Lee, posted a bigger quarterly
profit on Friday, as its flagship brands grew in Asia and other
markets, and the company forecast a strong year ahead.
For the fourth quarter ended December 29, the company earned
$334 million, or $2.98 a share, compared with $258 million or
$2.28 a share last year.
Revenue rose 4 percent to $3.0 billion.
For 2013, the Greensboro, North Carolina-based company
expects revenue to go up about 6 percent, and adjusted earnings
to grow 11 percent to $10.70 a share.
Shares of the company closed at $152.81 Thursday on the New
York Stock Exchange.