Future looks bright for Vans maker

The maker of Vans sneakers beat expectations as its Dickies-brand workwear delivered a nearly 20% jump in sales in an otherwise glum second quarter.

Denver-based V.F. Corp., which also owns The North Face and Timberland, earned 67 cents per share in the period, topping the 48 cents per share Wall Street analysts forecast.

Despite uncertainty due to the surging pandemic, the apparel and shoe company released optimistic guidance for the remainder of fiscal 2021.

“We are beginning to see signs of stabilization and strength across all aspects of our business, supporting our decision to raise the dividend and provide a financial outlook for the balance of the year,” said CEO Steve Rendle.

V.F. Corporation fell 2.5% to close at $75.82 on Friday as investors collected profits from its shares’ 13% gain over the past three weeks.