American firm VF Corporation posts revenue of $3 bn in Q2 FY24

VF Corporation reported a 2 per cent decline in overall revenue to $3 billion in Q2 FY24.
Significant contrasts were seen within the brand portfolio, as the North Face brand saw a 19 per cent increase in revenue, while Vans declined by 21 per cent.
Loss per share worsened to $1.16.
The company’s gross margin for Q2 FY24 stood at 51.3 per cent.

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