VF Q3 2024 Adj EPS $0.57 Misses $0.77 Estimate, Sales $2.96B Miss $3.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
VF Corporation (VFC) reported Q3 2024 adjusted EPS of $0.57, missing the $0.77 estimate, and sales of $2.96B, below the $3.24B estimate. This represents a 16.17% decrease in sales compared to the same period last year.
February 06, 2024 | 9:07 pm
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VF Corporation (VFC) reported a significant miss in both earnings and sales for Q3 2024, with adjusted EPS at $0.57 against a $0.77 estimate and sales of $2.96B against a $3.24B estimate.
The significant miss in both earnings per share and sales compared to analyst estimates, along with a notable year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100