Sunday, July 22, 2012
North Face, Wrangler owner VF raises profit view
VF Corp posted a higher-than-expected quarterly profit on lower product costs and strong demand for its outdoors and sports wear, and the company raised its full-year profit forecast. Photo: The North FaceShares of the company rose 2.4 percent Thursday in before-the-bell action. The owner of The North Face, Wrangler, Lee and Timberland brands now expects to earn $9.50 per share for the full year on an adjusted basis, 5 cents more than its previous prediction. VF has bested Wall Street's
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