VF Corp cuts forecast on weak Timberland, slowing Vans; shares fall [Yahoo! Finance News]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: Yahoo! Finance News
By Praveen Paramasivam Reuters) - VF Corp trimmed its full-year forecasts on Thursday, as the apparel maker struggles with waning demand for its Timberland outerwear and slowing growth at Vans. Shares dropped 8% in morning trading as the company also fell short of quarterly sales estimates. The results come as the 120-year-old company has been spending heavily on marketing, launching new products and improving its online presence to fend off larger rivals Nike and Under Armour. Vans, the company's biggest brand, posted its slowest revenue growth in two years at 12% in the third quarter, amid new launches that included a sneaker line inspired by skater Anthony van Engelen. The outdoor segment, which includes Timberland and The North Face brands, reported revenue of $1.66 billion, missing the average analyst estimate of $1.7 billion. "This morning's results suggest the greater need to pare back the underperforming aspect of the outdoor) portfolio," RBC Capital analyst Kate Fitzsimons s
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News
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VFC
Earnings
- 10/28/24 - Beat
VFC
Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/28/24 - Form 8-K
- VFC's page on the SEC website