North Face owner VF Corp. falls 10% after guidance cut, CEO steps down [MSNBC.com]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: MSNBC.com
VF CorporationCEO Steve Rendle is stepping down from his post after almost six years, effective immediately, the company said in apress releaserelated investing newsThis retailer has a far-reaching view of the industry. Its profit warning doesn't bode well for the holiday seasonRobert Hum4 hours agoShares of the company fell 10% following the update. Credit Suisse on Monday downgraded the stock to a "neutral" rating in light of what it called an "abrupt" CEO transition and the reduced forecast.VF Corp. said it now expects full-year revenue to increase by 3% or 4% over the prior year, down from previously projected growth of 5% or 6%. It estimates its full-year earnings to come in at about $2.00 to $2.20 per share, down from previous guidance of $2.40 to $2.50, announced a few weeks ago.VF Corp. reported full-year earnings of $3.18 per share last year.This is the second time in less than two months that VF Corp. hasslashed its guidanceThose challenges may take a toll on short-term prof
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VFC
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VFC
Earnings
- 2/6/24 - Miss
VFC
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- VFC's page on the SEC website