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July 30 , 2021 V VF Reports First Quarter Fiscal 2022 Results ; Raises Full Year Fiscal 2022 Outlook • Revenue from continuing operations increased 104 percent ( up 96 percent in constant dollars ) to $ 2.2 billion ; excluding acquisitions , revenue increased 90 percent ( up 83 percent in constant dollars ) ; • Active segment revenue increased 128 percent ( up 120 percent in constant dollars ) including a 110 percent ( 102 percent in constant dollars ) increase in VansⓇ brand revenue and a 26 percentage point revenue growth contribution from acquisitions ; Outdoor segment revenue increased 81 percent ( up 72 percent in constant dollars ) including a 93 percent ( 83 percent in constant dollars ) increase in The North Face® brand revenue ; Work segment revenue increased 69 percent ( up 66 percent in constant dollars ) including a 61 percent ( 58 percent in constant dollars ) increase in Dickies® brand revenue ; • International revenue increased 84 percent ( up 68 percent in constant dollars ) including a 10 percentage point revenue growth contribution from acquisitions ; Europe revenue increased 126 percent ( up 106 percent in constant dollars ) ; Greater China revenue increased 19 percent ( up 9 percent in constant dollars ) , including a 23 percent ( 12 percent in constant dollars ) increase in Mainland China ; • Direct - to - Consumer revenue increased 97 percent ( up 90 percent in constant dollars ) including a 27 percentage point revenue growth contribution from acquisitions ; Digital revenue increased 25 percent ( up 20 percent in constant dollars ) versus the prior year including a 29 percentage point revenue growth contribution from acquisitions ; excluding acquisitions , Digital revenue increased 72 percent versus the first quarter of fiscal 2020 ; • Gross margin from continuing operations increased 360 basis points to 56.5 percent ; on an adjusted basis , gross margin increased 260 basis points to 56.7 percent including a 30 basis point positive impact from acquisitions ; • Operating income from continuing operations on a reported basis was $ 203 million ; on an adjusted basis , operating income from continuing operations increased 164 percent ( 160 percent in constant dollars ) to $ 148 million including a $ 32 million contribution from acquisitions ;