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October 22 , 2021 V VF Reports Second Quarter Fiscal 2022 Results ; Reaffirms Full Year Fiscal 2022 Earnings Outlook • Revenue from continuing operations increased 23 percent ( up 21 percent in constant dollars ) to $ 3.2 billion ; excluding acquisitions , revenue increased 19 percent ( up 17 percent in constant dollars ) ; • Active segment revenue increased 16 percent ( up 14 percent in constant dollars ) including an 8 percent ( 7 percent in constant dollars ) increase in Vans® brand revenue and an 8 percentage point revenue growth contribution from acquisitions ; Outdoor segment revenue increased 31 percent ( up 28 percent in constant dollars ) including a 31 percent ( 29 percent in constant dollars ) increase in The North Face® brand revenue ; Work segment revenue increased 18 percent ( up 17 percent in constant dollars ) including a 21 percent ( 19 percent in constant dollars ) increase in Dickies® brand revenue ; • International revenue increased 18 percent ( up 15 percent in constant dollars ) including a 2 percentage point revenue growth contribution from acquisitions ; Europe revenue increased 19 percent ( up 17 percent in constant dollars ) ; Greater China revenue increased 9 percent ( up 3 percent in constant dollars ) , including a 9 percent ( 2 percent in constant dollars ) increase in Mainland China ; • Direct - to - Consumer revenue increased 32 percent ( up 31 percent in constant dollars ) including an 11 percentage point revenue growth contribution from acquisitions ; Digital revenue increased 24 percent ( up 22 percent in constant dollars ) versus the prior year including a 19 percentage point revenue growth contribution from acquisitions ; excluding acquisitions , Digital revenue increased 54 percent versus the second quarter of fiscal 2020 ; • Gross margin from continuing operations increased 290 basis points to 53.7 percent ; on an adjusted basis , gross margin increased 300 basis points to 53.9 percent including a 20 basis point positive impact from acquisitions ; • Operating income from continuing operations on a reported basis was $ 558 million ; on an adjusted basis , operating income from continuing operations increased 56 percent ( 53 percent in constant dollars ) to $ 534 million including an $ 8 million contribution from acquisitions ; • Earnings per share from continuing operations was $ 1.18 ; adjusted earnings per