VF Q1 Adj $(0.33) Beats $(0.37) Estimate, Sales $1.91B Beat $1.85B Estimate
Portfolio Pulse from Benzinga Newsdesk
VF Corporation (NYSE: VFC) reported Q1 adjusted losses of $(0.33) per share, beating the analyst estimate of $(0.37). Sales were $1.91 billion, also surpassing the $1.85 billion estimate. Despite beating estimates, both earnings and sales were down compared to the same period last year.
August 06, 2024 | 8:11 pm
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VF Corporation reported better-than-expected Q1 adjusted losses and sales, but both metrics were down compared to the previous year.
The better-than-expected earnings and sales figures are likely to have a positive short-term impact on VFC's stock price. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100