Exterior of the Vans store in Harajuku

Exterior of the Vans store in Harajuku

Vans Inc. has bounced back from last year with revenue now surpassing pre-COVID levels.


The Costa Mesa-based footwear and apparel company saw its revenue up 102%, excluding the impact of exchange rates, according to the fiscal first quarter update released Friday from parent V.F. Corp. (NYSE: VFC) of Denver.


Vans revenue for the year is expected to grow between 9% and 10% from the prior year when it generated $3.5 billion in global sales.


The footwear brand led the greatest revenue growth in the quarter ended July 3 among V.F.’s four largest brands, which also includes The North Face, Timberland and Dickies.

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The four helped drive sales in the quarter for V.F., along with growth notched in the direct-to-consumer and international businesses.


V.F. ended the quarter with revenue of $2.2 billion, up 104% from the prior year period. It had adjusted net income of $107 million, swinging up from a $221 million loss in the year-ago period.


The multi-brand apparel and footwear company now projects revenue of at least $12 billion for the current fiscal year, which would be up 30% from the prior year.


V.F. shares were down 6.2% in midday trading Friday to $79.34 and a market cap of $31.1 billion.