NEW YORK — VF Corp.’s first-quarter profits rose 7.2 percent and the company nudged its outlook higher for the full year.
Earnings attributable to the Greensboro, N.C., apparel giant increased to $215.2 million, or $1.91 a diluted share, from $200.7 million, or $1.82, a year earlier. Adjusted earnings per share of $1.94 came in 7 cents ahead of the $1.87 analysts expected.
Revenues for the three months ended March 31 gained 30.5 percent to $2.56 billion, with the Timberland acquisition adding $356 million to the quarter’s revenues.
The company, which sells brands as varied as Vans, Lee, Nautica and Seven for All Mankind, boosted earnings projections for the year to $9.45 a share, up 15 cents from the $9.30 previously forecast.