Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.5.0.2
Business Segment Information (Tables)
9 Months Ended
Oct. 01, 2016
Financial Information for Reportable Segments

Financial information for VF’s reportable segments is as follows:

 

     Three Months Ended September      Nine Months Ended September  
In thousands    2016      2015      2016      2015  

Coalition revenues:

           

Outdoor & Action Sports

   $ 2,335,993       $ 2,296,551       $ 5,399,916       $ 5,299,784   

Jeanswear

     701,416         747,869         2,041,186         2,055,725   

Imagewear

     281,542         291,540         805,892         823,224   

Sportswear

     140,705         161,697         373,977         439,545   

Other

     28,570         31,969         77,458         88,098   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total coalition revenues

   $ 3,488,226       $ 3,529,626       $ 8,698,429       $ 8,706,376   
  

 

 

    

 

 

    

 

 

    

 

 

 

Coalition profit:

           

Outdoor & Action Sports

   $ 490,470       $ 487,929       $ 841,413       $ 883,674   

Jeanswear

     142,427         158,603         388,564         395,103   

Imagewear

     46,634         41,830         124,546         118,627   

Sportswear

     15,080         23,194         26,156         50,468   

Other (a)

     (272      354         (3,134      15,478   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total coalition profit

     694,339         711,910         1,377,545         1,463,350   

Corporate and other expenses (b)

     (60,008      (73,625      (196,744      (213,241

Interest expense, net (b)

     (22,588      (20,657      (64,056      (61,214
  

 

 

    

 

 

    

 

 

    

 

 

 

Income from continuing operations before income taxes

   $ 611,743       $ 617,628       $ 1,116,745       $ 1,188,895   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a) Includes a $16.6 million gain recognized on the sale of a VF Outlet® location in the first quarter of 2015.
(b) Certain corporate overhead costs and interest expense previously allocated to the Contemporary Brands coalition for segment reporting purposes have been reallocated to continuing operations as discussed in Note B.