May 22, 2019 / 11:24 AM / 3 months ago

Vans owner VF Corp quarterly revenue beats estimates

Boxes of Vans shoes are pictured in the warehouse of local footwear retailer "Pomp It Up" in Bussigny near Lausanne, Switzerland 24 Aprill, 2019. REUTERS/Denis Balibouse

(Reuters) - Apparel maker VF Corp exceeded Wall Street’s quarterly sales expectations, boosted by higher demand for its Vans sneakers and outdoor wear brand North Face.

Net income fell to $128.8 million, or 32 cents per share, in the fourth quarter ended March 30, from $252.8 million, or 63 cents per share, a year earlier.

Total revenue rose 5.5% to $3.21 billion, edging past analysts’ estimate of $3.20 billion, according to IBES data from Refinitiv.

Reporting by Soundarya J in Bengaluru; Editing by Shinjini Ganguli

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