Reports Q2 revenue $2.8B, consensus $2.73B. CEO Bracken Darrell said: “In Q2 we made further progress on our turnaround plan. We delivered broad-based growth for The North Face and Timberland, while continuing to moderate declines in Vans. We also announced the pending sale of Dickies for $600M, enhancing our capacity to invest in the portfolio and drive shareholder returns. Looking ahead, we will continue to focus on generating value across our brands and returning the company to sustainable and profitable growth.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VFC:
- Notable companies reporting before tomorrow’s open
- VF Corp. price target lowered to $14 from $15 at JPMorgan
- VF Corp. price target raised to $14 from $12 at Piper Sandler
- VFC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- VFC Faces Class Action Over Alleged Misleading Claims on Vans Turnaround