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Stock impact report

(VFC) Alert: Johnson Fistel Continues its Investigation of V.F. Corporation; Investors Suffering Losses Encouraged to Contact Firm

V.F. Corporation (VFC) 
Last v.f. corporation earnings: 1/23 06:55 am Check Earnings Report
US:NYSE Investor Relations: ir.vfc.com
Company Research Source: GlobeNewswire
SAN DIEGO, March 21, 2020 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by V.F. Corporation (“V.F.”) (NYSE: VFC). On January 23, 2020, V.F. announced third-quarter fiscal 2020 results. V.F. reported net revenue of $3.38 billion for the three months ended December 28, 2019, but fell short of the average analyst estimate of $3.43 billion. Additionally, the Company estimated annual revenue of $11.75 billion, compared with its prior forecast of $11.8 billion. It projected adjusted profit per share to be about $3.30, lower than its previous range of $3.32 to $3.37. On a conference call that same day, CFO Scott Roe, disclosed that the Company intended to sell “the Occupational Work Brands.”  Roe stated, “From a financial standpoint the occupational work brands contributed about $865 million of revenue and $130 million of adjusted operating income in fiscal 2019.” Following this news, the price of Show less Read more
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