vfcorporation-financials

VF Corporation Financials

Business / By / June 18, 2023
  • 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.

More Resources

About The Author

Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
Scroll to Top
FourWeekMBA