Supreme's Annual Revenue Declines $38.4 Million As Profits Decline

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VF Corp.-owned Supreme had a rough year in 2023 with the retailer bringing in a total of $523.1 million in revenue, a decline from $561.5 million from the prior year, according to Business of Fashion. The company also fell short of an internal forecast of $600 million. Net income at the New York-based brand and retailer also declined with $64.8 million reported during the year ending in March 2023, versus $82.4 million the previous year.