Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v2.4.0.8
Business Segment Information
9 Months Ended
Sep. 27, 2014
Business Segment Information

Note KBusiness Segment Information

VF’s businesses are grouped into product categories, and by brands within those product categories, for internal financial reporting used by management. These groupings of businesses within VF are referred to as “coalitions” and are the basis for VF’s reportable segments. Financial information for VF’s reportable segments is as follows:

 

     Three Months Ended September     Nine Months Ended September  
In thousands    2014     2013     2014     2013  

Coalition revenues:

        

Outdoor & Action Sports

   $ 2,180,879      $ 1,971,963      $ 5,034,670      $ 4,459,845   

Jeanswear

     750,446        747,241        2,046,614        2,076,919   

Imagewear

     292,531        284,480        805,733        779,064   

Sportswear

     163,442        155,208        435,049        416,919   

Contemporary Brands

     99,382        104,998        293,737        307,339   

Other

     33,767        33,379        87,498        89,463   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total coalition revenues

   $ 3,520,447      $ 3,297,269      $ 8,703,301      $ 8,129,549   
  

 

 

   

 

 

   

 

 

   

 

 

 

Coalition profit:

        

Outdoor & Action Sports

   $ 475,444      $ 421,177      $ 880,618      $ 748,137   

Jeanswear

     156,998        158,334        386,401        410,551   

Imagewear

     42,855        40,698        115,944        107,343   

Sportswear

     22,979        23,987        45,801        52,481   

Contemporary Brands

     4,869        9,456        21,611        29,910   

Other

     1,193        (47     (1,997     (2,195
  

 

 

   

 

 

   

 

 

   

 

 

 

Total coalition profit

     704,338        653,605        1,448,378        1,346,227   

Corporate and other expenses

     (72,865     (75,152     (196,507     (209,185

Interest expense, net

     (20,703     (19,987     (59,828     (61,224
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

   $ 610,770      $ 558,466      $ 1,192,043      $ 1,075,818