V.F. Corporation (NYSE:VFC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
V.F. Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.41% to $1.27 in the quarter versus EPS of $1.11 in the year-earlier quarter.
Revenue: Rose 3.67% to $2.22 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: V.F. Corporation reported adjusted EPS income of $1.27 per share. By that measure, the company beat the mean analyst estimate of $1.17. It missed the average revenue estimate of $2.26 billion.
Quoting Management: “Our strong second quarter results demonstrate that VF’s diverse portfolio of brands supported by powerful platforms is a potent engine for growth,” said Eric Wiseman, VF Chairman and Chief Executive Officer. “By staying sharply focused on our strategies – leading in innovation, expanding geographically and connecting more deeply with our consumers – we are winning in the global marketplace and are on track to deliver another record year for VF.”
Key Stats (on next page)…