Lululemon Jumps After Raising Its Full-Year Profit Outlook [BNN Bloomberg (Canada)]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: BNN Bloomberg
The yogawear brand now sees earnings per share totaling as much as $14.47 in the current fiscal year, up 27 cents from the previous view and above the average analyst estimate. Profit in the fiscal first quarter, which ended April 28, was also higher than expected. Lululemon maintained its full-year sales guidance at as much as $10.8 billion. Sales were largely in line with expectations. First-quarter comparable sales were flat in the Americas, while they rose 25% in the international segment — continuing the company's trend of faster growth in markets such as China while the US cools off. US consumers are “still spending, but I think they're being selective of where they spend and what they choose to buy,” Chief Executive Officer Calvin McDonald said in an interview. He attributed the higher earnings outlook to better sales of more profitable items. The company, which also announced a $1 billion increase to its stock buyback program on Wednesday, has added new colors to its merc
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VFC
Earnings
- 5/22/24 - Miss
VFC
Sec Filings
- 6/21/24 - Form 11-K
- 6/13/24 - Form 4
- 6/11/24 - Form ARS
- VFC's page on the SEC website