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In any case, VF does have very healthy margins to fall back on as it seeks to navigate
what has so far been a pedestrian year. At the 48.7% and
14.5% forecasted rates for its annualized gross and
operating margins, respectively, the company would be ahead of its industry peers.
This, in turn, feed into a fairly healthy balance sheet and its robust A3 credit rating, which has also benefited from VF's diversified product portfolio and distribution channels (among other
things, VF derives 16% of its sales from e Commerce).

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