With the return of the turnover plan

On January 29th (Reuters) -Carry and shoe manufacturers VF Corp defeated the revenue and profit estimates in the third quarter on Wednesday, which helped restore demand and refresh its truck, North Face and Timberland’s product lineup.

The company’s stock rose nearly 6 %.

The favorable weather in the United States has promoted the demand for outdoor and positive wear, especially during the holidays.

Under its turnover plan, more full sales and cutting costs have also increased the operating profit margin of Timberland shoe manufacturers in the third quarter.

VF Corp has now defeated three consecutive quarters of revenue and profit estimates, from affecting the company’s demand and losses until the beginning of 2024.

The company’s turnover plan involves its carrier brand. By the end of the fiscal year of 2025, it will reduce the cost of 300 million US dollars and sell its street clothing brand Supreme and other non -core businesses.

CEO Bracken Darrell said in a statement: “Although there is any effort to always provide double -digit operating profits and sustainable top -level growth, we are turning VF to real real Differentiated multi -brand operators have made great progress.

According to the data compiled by LSEG, as of December 28, as of December 28, the company’s income increased by 2 % over a year ago to US $ 2.83 billion, defeating analysts’ estimated $ 2.75 billion.

After the adjustment, the profit of VF Corp is 62 cents, and it is estimated to be 34 cents.

Clothing retailers headquartered in Denver, Colorado also predict that the revenue in the fourth quarter will decrease between 4 % and 6 %, which is almost expected to decrease by 4.96 %. (Neil J Kanatt’s Report in Bangalore; Edit of Sahal Muhammed)