VF Corporation Sets 3-Year Financial Targets

VF Corporation (NYSE: VFC  ) has set its financial goals for the next few years, and it anticipates substantial growth, according to a press release from Tuesday.

By 2017, the firm aims to take in annual revenue of $17.3 billion, which would represent a five-year compound annual growth rate of 10%. Not all of this growth would be of the organic variety; 2% of that improvement is expected to come from acquisitions.

In terms of earnings, within the same time frame VF Corporation has pinned down an EPS figure of $18.00, for a five-year CAGR of 13%.

Other target metrics include a gross margin of 49.5%, which would be an improvement of three percentage points over the 2012 level, and an operating margin of 16%. The latter would top 2012's result of 13.5%.

For fiscal 2012, VF Corporation posted a top line of $10.8 billion, and diluted EPS of $9.70. VF brands include The North Face, Vans, and Timberland.

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