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Essential Aspects
- VF Corp. stock dropped on Wednesday despite the clothing firm reporting better-than-anticipated profits.
- The corporation, which possesses The North Face, Timberland, and other labels, experienced sales and profits surpassing projections in the third trimester.
- VF indicated it projects revenue to be down 4% to 6% in the present quarter compared to the corresponding timeframe last year.
VF Corp. (VFC) shares decreased on Wednesday despite the apparel manufacturer announcing better-than-anticipated third-quarter profits and sales growth across all its international areas.
VF Corp. (VFC), the parent enterprise of Vans, The North Face, and numerous other apparel brands, declared a net income of $167.78 million, or 43 cents per share, for its fiscal 2025 third quarter, compared to a loss of $42.45 million in the corresponding period last year.
VF also documented revenue of $2.83 billion, an increase of roughly 2% year-over-year, surpassing the company’s and analysts’ earlier predictions of a slight decrease. Looking forward to the present quarter, the firm stated that it anticipates a 4% to 6% reduction in revenue compared to the same period last year, with an anticipated adjusted operating loss of up to $30 million.
Chief Executive Officer States VF Has Endeavor to Undertake on Augmenting Sales and Margins
“While there’s work to do to consistently deliver double-digit operating margins and sustainable revenue growth, we are making significant progress transforming VF into a truly differentiated, multi-brand operator,” stated CEO Bracken Darrell.
The corporation witnessed overall sales growth globally, with The North Face and Timberland sales increasing by 5% and 11% year-over-year, correspondingly, while Vans sales decreased by 9%.
VF shares were down about 3% in recent trading, diminishing earlier losses.
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