• VF CORP. Results: Second-quarter net income grew 46.7 percent to $110.8 million, or $1 a diluted share, 23 cents above estimates. Revenues up 7.3 percent to $1.59 billion.
Highlights: Gross margin reached an all-time high of 47.1 percent of sales, 320 basis points above the year-ago level, as operating income leaped 40 percent at the jeanswear coalition and 35 percent at the outdoor and action sports group.
Guidance: Full-year EPS expected to hit $6.10 versus prior estimate of $5.90.
Stock: Shares closed at $78.40, up $4.44, or 6 percent.
• HANESBRANDS INC. Results: Second-quarter net income $85.4 million, or 87 cents a diluted share, matching estimates at 2.8 times the year-ago level. Revenues gained 9.1 percent to reach $1.08 billion.
Highlights: Operating profits up to 11.4 percent of sales from 8.5 percent in second quarter of 2009. Outerwear sales up 16.1 percent, to $263.3 million, as segment operating income hit $17.4 million, 2.5 times the year-ago mark.
Guidance: Full-year EPS estimated at $2.25 to $2.35 versus previous view of $2.15 to $2.27.
Stock: Shares closed at $24.49, down 45 cents or 1.8 percent. (Hanesbrands reported results after the close of the markets Wednesday.)
• COLUMBIA SPORTSWEAR CO. Results: Second-quarter loss was $10.6 million, or 31 cents a diluted share, 11 cents better than estimates but higher than the loss of $9.9 million, or 29 cents, reported in last year’s quarter. Revenues rose 23.7 percent to $221.8 million.
Highlights: Gross margin increased to 43.7 percent of sales from 41.5 percent a year ago during the lowest revenue quarter of Columbia’s fiscal year.
Guidance: Midteen percentage increase in third-quarter sales expected, but operating margins are expected to decline, due in part to costs to expedite production and delivery of fall orders.
Stock: Shares closed at $48.22, up $1.96 or 4.2 percent. (Columbia reported results after the close of the markets Thursday.)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia