{"id":11202,"date":"2009-10-26T15:26:09","date_gmt":"2009-10-26T22:26:09","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=11202"},"modified":"2009-10-26T15:27:14","modified_gmt":"2009-10-26T22:27:14","slug":"vf-corp-kicks-ass-in-q3","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=11202","title":{"rendered":"VF Corp Kicks Ass In Q3"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/01\/vfcorp.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/01\/vfcorp.jpg','popup','width=176,height=109,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/10\/vfcorp-tm.jpg\" height=\"61\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Vfcorp\" \/><\/a>If we owned stock in <strong><a href=\"http:\/\/www.vfc.com\/\" target=\"_blank\">VF Corp<\/a><\/strong> (<strong>Vans<\/strong>, <strong>Reef<\/strong>, and <strong>The North Face&#8217;s<\/strong> parent company) we&#8217;d be all excited right now about their quarter three numbers. Not because Q3 revenues declined 5 percent (though, that&#8217;s pretty good considering). And not because they had a gross margin of 44.3 percent (a near record level). We&#8217;d be happy because they&#8217;re raising their quarterly dividend for the 37th consecutive quarter.<\/p>\n<blockquote><p>The Board of Directors declared a quarterly cash dividend of $.60 per share, an increase of $.01 per share. The dividend is payable on December 18, 2009 to shareholders of record as of the close of business on December 8, 2009.<\/p><\/blockquote>\n<p>We&#8217;ve always wondered what would be like to own a stock that paid dividends. Just think: if we owned 5,0000 shares of VFC that would be $3,000 or more than 20 years of World of Warcraft!<\/p>\n<p>Oh, and then there was this:<\/p>\n<blockquote><p>Global revenues of The North Face\u00ae and Vans\u00ae brands grew 10% and 4%, respectively, in the quarter on a constant currency basis. Total coalition revenues in our Americas businesses rose 1%, while international revenues were up 4% in constant dollars, led by exceptionally strong growth in Asia. Total direct-to-consumer revenues for our Outdoor and Action Sports coalition rose 17% in the quarter, with double-digit growth in our The North Face\u00ae, Vans\u00ae and Napapijri\u00aebrands.<\/p><\/blockquote>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.reuters.com\/article\/pressRelease\/idUS199448+26-Oct-2009+BW20091026\" target=\"_blank\">Reuters<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If we owned stock in VF Corp (Vans, Reef, and The North Face&#8217;s parent company) we&#8217;d be all excited right now about their quarter three numbers. Not because Q3 revenues declined 5 percent (though, that&#8217;s pretty good considering). And not because they had a gross margin of 44.3 percent (a near record level). We&#8217;d be [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/11202"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11202"}],"version-history":[{"count":2,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/11202\/revisions"}],"predecessor-version":[{"id":11203,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/11202\/revisions\/11203"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11202"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}