Credit: Timberland

Against the previous quarter, the result was a decline of 10%. The North Face had a drop of 3% year-on-year to US$1.09 billion against a strong base, while Vans declined by 11% to US$667.4 million.

Timberland had a drop of 3% in the quarter to US$475.3 million, while Dickies declined 11% to US$152.4 million and Other Brands fell 3% to US$371.4 million.

The company had a decline of 10% in the Americas to revenue of US$1.36 billion, while EMEA was down 3% to US$1.01 billion and APAC improved 6% to US$392.5 million.

The direct-to-consumer (DTC) channel saw a drop of 8% year-on-year to US$914.9 million while wholesale was down 4% to US$1.84 billion.

Looking forward, VF Corporation expects revenue to be in the range of US$2.70-2.75 billion for the third quarter of the year, dropping 1-3% year-on-year.

President and CEO Bracken Darrell said: “Our results in the quarter met our expectations and reflect a sequential and broad-based improvement in year-on-year trends. At the same time, we made further progress on our four Reinvent priorities and we are on track to reach our previously announced $300 million savings target by the end of FY25.”