VF’s Transitional Quarter Beats on EPS, RevenuesThe three months is the equivalent of VF's fourth quarter under its new calendar reporting period.

[Collection]VF Corp. has posted results for the transitional financial quarter ended March 31. The company previously changed its fiscal year-end to the Saturday closest to March 31. For the three months ended March 31, the company said net income was up 20.9 percent to $252.8 million, or 63 cents a diluted share, from $209.2 million, or 50 cents, a year ago. Earnings per share for continuing operations were 65 cents versus 51 cents a year ago. Adjusted EPS for the quarter was 67 cents, including a 3-cent contribution from its Williamson-Dickie acquisition. Total revenues rose 21.8 percent to $3.05 billion from $2.50 billion, which include a 21.7 percent gain in net sales to $3.02 billion from $2.48 billion. The balance of revenues was from royalty income. Wall Street’s consensus estimate was 65 cents on revenues of $2.9 billion. Steven Rendle, chairman, president and chief executive officer, told analysts at a conference call Friday, “VF’s results for the period were stronger than we expected as the broad-based growth, acceleration that began in the second half of 2017 continued. Our core growth engines are driving strong global momentum as we begin to enter the acceleration phase of our 2021 growth plan.” He said that the firm’s three

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