VF Corporation Sees FY24 EPS $2.05-$2.25; Sees FY24 Revenue 'Modestly Down To Flat' For The Year
Portfolio Pulse from Benzinga Newsdesk
VF Corporation has reiterated its full year EPS guidance range of $2.05 to $2.25. However, it now expects revenue to be modestly down to flat for the year, due to ongoing weakness in its wholesale business and a longer than anticipated turnaround for Vans. The company's free cash flow is expected to be in line with previous guidance of approximately $900 million.
August 04, 2023 | 10:21 am
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VF Corporation's revenue is expected to be modestly down to flat for the year, reflecting ongoing weakness in its wholesale business and a longer than anticipated turnaround for Vans. This could potentially impact the company's stock price.
The company's revenue is a key factor in its financial health and profitability. The announcement of a potential decrease in revenue due to ongoing issues in its wholesale business and a slower than expected turnaround for Vans could negatively impact investor sentiment and the company's stock price.
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