Why VF Corp Stock Was Slumping Today [Yahoo! Finance]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
Check Earnings Report
US:NYSE Investor Relations:
ir.vfc.com
Company Research
Source: Yahoo! Finance
As of 1:05 p.m. ET on Thursday, the stock was down 3.5% after trading as low as 11% earlier in the session. VF's troubles continue Overall revenue fell 13% in the quarter to $2.4 billion, continuing a pattern of falling sales at core brands like Vans and The North Face. That was slightly below estimates at $2.41 billion. At Vans, revenue fell 26% due in part to efforts to right-size inventories in the wholesale channel to align with demand. North Face revenue was down 5% due to ongoing wholesale weakness, though direct-to-consumer sales in the channel were up 6%. Not surprisingly, the results were weak further down the income statement as adjusted gross margin declined 180 basis points to 48.4%, and the company reported an adjusted operating margin of negative 2.1%, down from 5.6% in the quarter a year ago. Deleveraging from declining revenue was the primary reason for the decline. Lastly, the company reported an adjusted loss of $0.32 per share, down from a profit of $0.17
Show less
Read more
Impact Snapshot
Event Time:
VFC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VFC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VFC alerts
High impacting V.F. Corporation news events
Weekly update
A roundup of the hottest topics
VFC
News
- What Oxford Industries Says About Its Higher-Income Customer Base [Yahoo! Finance]Yahoo! Finance
- Why V.F. (VFC) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Lululemon 'has a handle' on US sales slowdown: Analyst [Yahoo! Finance]Yahoo! Finance
- Lululemon Jumps After Raising Its Full-Year Profit Outlook [BNN Bloomberg (Canada)]BNN Bloomberg
- Designer Brands, SiteOne fall; Viking HealthEquity, Donaldson rise, Tuesday, 6/4/2024 [Yahoo! Finance]Yahoo! Finance
VFC
Earnings
- 5/22/24 - Miss
VFC
Sec Filings
- 6/13/24 - Form 4
- 6/11/24 - Form ARS
- 6/11/24 - Form DEFA14A
- VFC's page on the SEC website