V.F. Corps’ Revenue by Segment (2016-2023)

This statistic highlights V.F. Corps’ Revenue by Segment, split between Active, Jeans, Outdoor, Work, and Other, reported on a quarterly basis from Q1 2016 onwards.

V.F. Corps’ Revenue by Segment

V.F Corp is one of the largest footwear, apparel, and accessories companies.

Economic trends observed:

In the year 2021, the company reported revenue of $3.68 billion, which further increased to $5.39 in the next year 2022, showing growth of 46.46%.

The company earned revenue of $2.60 billion in Q2 2021, which increased to $3.19 billion in Q2 2022, indicating a growth of 22.69%. In Q1 2022 revenue declined in comparison to Q2 2021. However, in Q2 2021, the company generated total revenue of $2.19, which increased showing growth of 45.66%.

Revenue of V.F Corps’ is further bifurcated in following segments:

(All figures in billions, except percentages)

Active Segment

An active segment is a group of activities based on lifestyles and brands. It is the second-highest earning source of the V.F Corps’ after the outdoor segment; it contributes around 44% every quarter.

Economic trends observed:

The active segment earned revenue of $1.77 billion, in the year 2021, which increased to $2.69 billion, showing a year-on-year growth of 51.97%.

In Q2 2021, it earned revenue of $1.20 billion, which further increased to $1.39 billion, indicating quarter-on-quarter growth of 15.83%. In Q1 2022, this segment’s revenue increased and earned revenue of $1.30 billion, which further increased in Q2 2022, and contributed 43.57% to the total revenue of the company.

Jeans Segment

After evaluating the jeans segment’s high revenue, this segment was closed by the company in the year 2019. The jeans segment was introduced as a different brand by the company and was introduced as a separate identity.

Outdoor Segment

This segment includes brands like Vans, Supreme, Kipling, The North Face, JanSport, and other 6 brands. The outdoor segment is the major source of earning for the V.F Corps’ and it contributes approximately 50% to the total revenue of the company every year.

Economic trends observed:

The outdoor segment reported revenue of $1.49 billion in Q2 2021, which increased to $2.12 billion, in the year 2022, showing a year-on-year growth of 42.28%.

In Q2 2021, it earned revenue of $1.15billion; it further increased to $1.50 billion, indicating quarter-on-quarter growth of 30.43 %. In Q2 2022, the revenue of the company increased from $1.17 billion, showing a quarter-on-quarter growth of %. It also contributed 50.15% to the total revenue of the company.

Work Segment

The work segment generated revenue through one brand, that is Dickies, and it was acquired by the company in the year 2017.

Economic trends observed:

The work segment generated revenue of $415.9 million in the year 2021, which further increased in the next year to $573.89 million, indicating year-on-year growth of 37.98%.

This segment earned revenue of $25.00 million in Q2 2021, which further increased to $29.00 million, indicating quarter-on-quarter growth of 16%. The segment’s earnings continued to rise and in Q1 2021, it earned revenue of $27.00 million, which further increased, showing growth and contributing 9.09% to the total revenue of the company.

Other Segment

Other segments include revenue from divested brands and revenue generated through websites and services. This is the least contributor to the total revenue of the company. It contributes around 0.005% of the company, every quarter.

Economic trends observed:

It reported revenue of $1.48 million in Q2 2021, which decreased to $0.2 million, in the year 2022, showing a year-on-year fall of 86.48%.

In Q2 2021, this segment earned revenue of $0.16 million, which increased to $0.27 million, showing quarter-on-quarter growth of 68.75%. In Q2 2022, it contributed 0.008% to the total revenue of the company.

About the Company

V.F Corporation (formerly, Vanity Fair Mills) is an American and a public company, trading globally. It was founded in the year 1899.  It is headquartered in Denver, United States. It connects people to their lifestyles, activities, and experiences. Company cherished through a family of iconic outdoor, active, and work-wear brands. The company owns 13 different brands. The company controls about 55% of the U.S. backpack market. The company’s motive is to bring sustainable and active lifestyles for the betterment of people across the globe.

The V.F has created an official website, where it provides every single piece of information about the company, its careers, history, and brands. Brands of the company are uniquely authenticated and have earned a high reputation in the lives of millions of people, globally. These brands include Supreme, Smartwool, Kipling, Jansport, and more. In the year 2017, the company acquired Williamson- Dickie Mfg. Co. and also its portfolio of work-wear brands.

The company’s products are supplied to consumers through its wholesale channel, first in national chains, mass merchants, department stores, and with independently operated partnerships. Its products are also sold through its direct-to-customer operations, including retail stores, e-commerce sites, and other digital platforms.

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