VF Corp Exceeds Q4 Estimates On Broad-Based Strength In The North Face Brand
Portfolio Pulse from Lekha Gupta
VF Corp (NYSE:VFC) reported Q4 FY23 sales decline of 3% Y/Y to $2.74 billion, beating the consensus of $2.73 billion. Revenues declined in Vans, Timberland, and Dickies, while rising in The North Face. The company reported an operating loss of $161 million and adjusted EPS of $0.17, beating the analyst consensus of $0.14. VFC's Board declared a quarterly dividend of $0.30 per share.
May 24, 2023 | 1:01 pm
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VF Corp's Q4 FY23 sales beat estimates, driven by strength in The North Face brand. The company reported an operating loss and adjusted EPS of $0.17, beating the analyst consensus.
VF Corp's Q4 sales beat estimates, driven by strength in The North Face brand. This positive news, along with the adjusted EPS beating analyst consensus, is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100