VF Corporation 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.
The article VF Corporation Sets 3-Year Financial Targets originally appeared on Fool.com.Fool contributor Eric Volkman has no position in VF Corporation. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.