Source Pravda.Ru

VF Corp. increasing its outlook, expects revenue growth

VF Corp. said Wednesday that it is raising its long-term revenue growth target to 8-10% from 6-8% annually.

The company announced that it is also increasing operating margin and earnings per share growth targets.

VF established a goal of $11 billion in revenues by 2012.
Its operating margin outlook was up to 15% from 14% to 15% range. A new target for earnings per share growth is 10-11%.

VF Corporation is an American apparel corporation. VF Corporation is the world's largest clothing company and a leader in jeanswear, intimate apparel, daypacks, and workwear. The corporate headquarters are in Greensboro , North Carolina .

The company announced the purchase of VF Corporation's intimate apparel business by Fruit of the Loom for $350 million in cash on January 23, 2007 .

On February 28, 2007 VF Corporation acquired Majestic Athletic. And on July 26, 2007 , VF Corporation announced the purchase of Seven for all Mankind and Lucy Activewear for a combined $885 million.

Source: agencies