VF Corp Q2 Earnings: Revenue Beat, EPS Beat, Cost Reductions On Track, Guidance And More
Portfolio Pulse from Adam Eckert
VF Corp reported Q2 earnings with revenue and EPS beating estimates. Despite a 6% YoY revenue decline, the company is on track with cost reductions and debt reduction. Q3 revenue guidance is below estimates, but the company maintains its full-year cash flow outlook. Shares rose 16.85% in after-hours trading.
October 28, 2024 | 8:54 pm
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VF Corp reported better-than-expected Q2 earnings and revenue, despite a year-over-year decline. The company is on track with cost reductions and debt reduction. However, Q3 revenue guidance is below estimates. Shares rose 16.85% in after-hours trading.
VF Corp's Q2 earnings and revenue exceeded expectations, which is positive for the stock. The company's progress on cost and debt reductions is also favorable. However, the lower-than-expected Q3 revenue guidance could be a concern. The significant after-hours price increase suggests strong investor confidence in the company's performance and outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100