VF Corp raises full year profit guidance on strong Q1

VF Corporation, for its first quarter ended June 29, 2019 reported revenue increase of 6 percent or 9 percent in constant dollars to 2.3 billion dollars. Adjusted revenue increased 6 percent or 8 percent in constant dollars to 2.3 billion dollars. Earnings per share were 24 cents on a reported basis, while on an adjusted basis, earnings per share increased 61 percent or 67 percent in constant dollars to 30 cents. Following strong first quarter results, the company has raised its sales and profit guidance for full year 2020.