A digest of recent earnings results:

This story first appeared in the July 23, 2010 issue of WWD. Subscribe Today.


• 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.)