American VF Corporation presents 2012 good second quarter results
Excellent business results for the leader in branded lifestyle apparel American VF Corporation in the second quarter of 2012 with higher sales, organic growth and increased gross margin
Total revenues were rising in the second quarter 16 % to USD 2.14 (USD 1.84 billion) and the half year sales amounted to USD 4.70 (USD 3.80) billion, thereof Outdoor & Action Sports contributed for the second quarter USD 1.04 billion (USD 717.93 million) and for the half year USD 2.30 (USD 1.51) billion, the respective figures for Jeanswear for the quarter amounted to USD 594 (613.37) million and for the half year to USD 1.34 (1.29) billion, Imagewear’s second quarter result was USD 251,49 (USD 244,07) million and for the half year USD 519,014 (490.88) million, sportswear USD 117.49 (120.27) million respectively 240.40 (232.17) million, Contemporary Brands USD 197.95 (USD 118.10) million, respectively USD 234.85 (USD 230,02) billion and other USD 30, 88 (26.38) million respectively USD 54.32 (USD 47.10) million.
Total profits amounted for the second quarter to USD 230.02 (USD 246.52) and for the half year to USD 609.40 (USD 565.49) million. The gross margin increased from 45.9 to 46.1 %.