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Vans Inc. revenue was up 17% for the second quarter, which ended July 4, according to its parent, Greenboro, N.C.-based VF Corp.
VF didn’t provide specific dollar amounts for its Cypress-based shoe and apparel division, which surpassed the $2 billion revenue mark last year.
VF said Vans’ own retail and ecommerce sales were up 21% and its wholesale business rose 15%. Revenue in the Americas region was up more than 20% on a currency-neutral basis, while the Asia Pacific region increased more than 30%. The skate brand’s revenue was “up at the mid-teen percentage rate” in Europe.
VF said it continues to expect a “mid-teen currency neutral percentage rate increase in revenue” for Vans this year. Full-year revenue for its Outdoor & Action Sports coalition, which also includes The North Face, Timberland, Kipling, Jansport, Reef, and Eastpak brands, is expected to increase at a “low double-digit currency neutral percentage rate.”
The parent company reported a companywide 5% revenue increase to $2.51 billion for the second quarter. Its net profit was $170.8 million, up 8% from the $157.6 million it reported a year earlier.
VF has a market value of about $31.5 billion. It offers denim under the Wrangler, Lee, Riders and Rock & Republic names. Its premium lifestyle apparel labels include 7 For All Mankind, Splendid and Ella Moss.