- In 2020, VF Corporation reported revenue of $10.49 billion and net income of $0.679 billion (or $679 million).
- The company experienced a decline in both revenue and net income in 2021. Revenue fell to $9.24 billion, representing a decrease of approximately 11.9% compared to 2020. Net income also decreased to $0.407 billion (or $407 million), representing a decline of approximately 40.1% compared to the previous year.
- However, VF Corporation saw a strong rebound in both revenue and net income in 2022. Revenue increased to $11.84 billion, marking an increase of approximately 28.1% compared to 2021. Net income also increased significantly to $1.38 billion (or $1,380 million), representing an increase of approximately 239.3% compared to the previous year.
- The substantial increases in both revenue and net income in 2022 suggest a robust recovery from the challenges faced in 2021. The company’s revenue and net income surpassed their respective 2020 levels.
- Overall, the trend in both revenue and net income for VF Corporation over this three-year period indicates a temporary dip in 2021, followed by a strong recovery in 2022, resulting in revenue and net income levels that are notably higher than in previous years.
