Wrangler and North Face parent VF Corp. misses profit and sales expectations [MarketWatch]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: MarketWatch
Wrangler and North Face parent VF Corp. misses profit and sales expectations Shares of VF Corp. VFC, +1.78% fell 1.6% in light premarket trade Friday, after the apparel maker and accessories seller, which brands include Lee and Wrangler jeans and JanSport and The North Face outdoor products, missed first-quarter profit and sales expectations. Net earnings fell to $209.2 million, or 50 cents a share, from $260.3 million, or 61 cents a share, in the same period a year ago. Excluding non-recurring items, ongoing earnings per share came to 52 cents, below the FactSet consensus of 55 cents. Revenue declined 2% to $2.58 billion, missing the FactSet consensus of $2.73 billion, as a slight beat in outdoor and action sports sales was offset by bigger-than-expected declines in jeanswear, imagewear and sportswear. The company affirmed its 2017 revenue growth outlook in the "low single-digit" percentage range. "The company's largest brands and international and direct-to-consumer platforms per
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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