Menu

1 / 2

VF Corp. Beats the Street in Q2 as Timberland, North Face, Altra Deliver and Vans Sees Progress

WWD·Vicki M. Young·about 9 hours ago
#56FvGcLL
#wwd#percent#million#billion#revenue
Reading 0:00
15s threshold

VF Corp . posted second-quarter results that beat Wall Street’s expectations, but shares still fell in pre-market trading on Wednesday.

For the second quarter ended Sept. 26, net income jumped 50.3 percent to $285.3 million, or 71 cents a diluted share, from $189.8 million, or 48 cents, in the same year-ago period. Revenues were down 3.8 percent to $2.7 billion from $2.80 billion.

Wall Street was expecting revenues of $2.67 billion and adjusted diluted earnings per share (EPS) of 54 cents. VF bested the EPS estimate by 17 cents.

By brand, revenue for The North Face rose 4 percent to $1.21 billion, and Timberland also grew 4 percent to $525.9 million.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.