VF Corp posts bigger third-quarter profit

CHICAGO - Global apparel group VF Corp (VFC.N) posted a bigger quarterly profit as its outdoor and action sports segment continued to do well, and margins rose, it said on Monday.

For the third quarter ended September, the company earned $381.3 million, or $3.42 a share, compared with $300.7 million, or $2.69 a share in the same quarter last year.

Net sales at the company, which owns the The North Face, 7 For All Mankind, Wrangler and Lee brands, were $3.12 billion, up 14 percent.

Shares of the company closed at $166.77 Friday on the New York Stock Exchange.

Reporting by Nivedita Bhattacharjee.