VF Corp cuts forecast on weak Timberland, slowing Vans; shares fall [Yahoo! Finance News]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: Yahoo! Finance News
By Praveen Paramasivam Reuters) - VF Corp trimmed its full-year forecasts on Thursday, as the apparel maker struggles with waning demand for its Timberland outerwear and slowing growth at Vans. Shares dropped 8% in morning trading as the company also fell short of quarterly sales estimates. The results come as the 120-year-old company has been spending heavily on marketing, launching new products and improving its online presence to fend off larger rivals Nike and Under Armour. Vans, the company's biggest brand, posted its slowest revenue growth in two years at 12% in the third quarter, amid new launches that included a sneaker line inspired by skater Anthony van Engelen. The outdoor segment, which includes Timberland and The North Face brands, reported revenue of $1.66 billion, missing the average analyst estimate of $1.7 billion. "This morning's results suggest the greater need to pare back the underperforming aspect of the outdoor) portfolio," RBC Capital analyst Kate Fitzsimons s
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VFC
News
- VF Corporation Announces Fourth Quarter Fiscal 2024 Earnings and Conference Call DateBusiness Wire
- Cascale Taps Under Armour Vet as New CEO [Yahoo! Finance]Yahoo! Finance
- Steve Madden CEO Is Open to Future Acquisitions After Almost Famous Deal [Yahoo! Finance]Yahoo! Finance
- V. F. Corporation: Weaker Performance But Some Restructuring Effect Shows Up [Seeking Alpha]Seeking Alpha
- V.F. Co. (NYSE: VFC) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $14.00 to $12.50. They now have a "neutral" rating on the stock.MarketBeat
VFC
Earnings
- 2/6/24 - Miss
VFC
Sec Filings
- 4/26/24 - Form 8-K
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- VFC's page on the SEC website