VF Corp Stock Is Falling: What's Going On?
Portfolio Pulse from Adam Eckert
V.F. Corp (NYSE:VFC) reported mixed Q2 results, beating sales estimates but missing on earnings per share. The company also announced a transformation program, withdrew its full-year guidance, and expects a difficult wholesale environment ahead in the U.S. Multiple analysts lowered their price targets for VFC following the results.
October 31, 2023 | 1:26 pm
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V.F. Corp reported mixed Q2 results and withdrew its full-year guidance, leading to a drop in its stock price and lowered price targets from analysts.
V.F. Corp's mixed Q2 results and the withdrawal of its full-year guidance indicate potential challenges ahead for the company. This has led to a drop in its stock price and lowered price targets from analysts, suggesting a negative short-term impact on the stock.
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IMPORTANCE 80
RELEVANCE 100