Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v2.4.0.8
Business Segment Information
6 Months Ended
Jun. 29, 2013
Business Segment Information

Note I — Business 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 business segments. Financial information for VF’s reportable segments is as follows:

 

     Three Months Ended June     Six Months Ended June  
In thousands    2013     2012     2013     2012  

Coalition revenues:

        

Outdoor & Action Sports

   $ 1,103,608      $ 1,039,974      $ 2,487,882      $ 2,303,941   

Jeanswear

     611,749        594,006        1,329,678        1,335,717   

Imagewear

     241,827        251,493        494,584        529,014   

Sportswear

     133,478        117,488        261,711        240,403   

Contemporary Brands

     98,614        107,947        202,341        234,851   

Other

     31,135        30,878        56,084        54,315   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total coalition revenues

   $ 2,220,411      $ 2,141,786      $ 4,832,280      $ 4,698,241   
  

 

 

   

 

 

   

 

 

   

 

 

 

Coalition profit:

        

Outdoor & Action Sports

   $ 100,458      $ 82,469      $ 326,960      $ 284,169   

Jeanswear

     108,874        93,347        252,217        204,119   

Imagewear

     35,059        30,364        66,645        73,290   

Sportswear

     16,278        11,486        28,494        22,212   

Contemporary Brands

     7,878        11,992        20,454        26,850   

Other

     509        366        (2,148     (1,244
  

 

 

   

 

 

   

 

 

   

 

 

 

Total coalition profit

     269,056        230,024        692,622        609,396   

Corporate and other expenses

     (69,234     (24,482     (134,033     (88,006

Interest, net

     (20,719     (22,405     (41,237     (44,712
  

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

   $ 179,103      $ 183,137      $ 517,352      $ 476,678