By  on July 22, 2009

Declining revenues across all but one of its business segments, coupled with a spike in expenses, took a bite out of second-quarter earnings at VF Corp.

The Greensboro, N.C.-based apparel giant reported a 27.9 percent decline in earnings to $75 million, or 68 cents a diluted share, for the three months ended June 30, compared with earnings of $104 million, or 94 cents, during the same period a year ago. Management said higher pension expenses and the negative impact of foreign currency exchange accounted for 14 cents of the earnings decline.

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