VF Corp posts bigger quarterly profit
Feb 15 (Reuters) - VF Corp, owner of clothing brands like The North Face, Wrangler and Lee, posted a bigger quarterly profit on Friday, as its flagship brands grew in Asia and other markets, and the company forecast a strong year ahead.
For the fourth quarter ended December 29, the company earned $334 million, or $2.98 a share, compared with $258 million or $2.28 a share last year.
Revenue rose 4 percent to $3.0 billion.
For 2013, the Greensboro, North Carolina-based company expects revenue to go up about 6 percent, and adjusted earnings to grow 11 percent to $10.70 a share.
Shares of the company closed at $152.81 Thursday on the New York Stock Exchange.
Feb 15- VF Corp, owner of clothing brands like The North Face, Wrangler and Lee, posted a bigger quarterly profit on Friday, as its flagship brands grew in Asia and other markets, and the company forecast a strong year ahead. For the fourth quarter ended December 29, the company earned $334 million, or $2.98 a share, compared with $258 million or $2.28 a share last year.