V.F. Earnings: Here’s Why Investors are Selling Shares Now
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. Shares are down 1.54%.
V.F. Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 25.26% to $2.43 in the quarter versus EPS of $1.94 in the year-earlier quarter.
Revenue: Rose 2.17% to $2.61 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: V.F. Corporation reported adjusted EPS income of $2.43 per share. By that measure, the company beat the mean analyst estimate of $2.18. It missed the average revenue estimate of $2.64 billion.
Quoting Management: “VF’s first quarter performance is a great example of our strong business model, disciplined execution and our ability to leverage all aspects of our portfolio,” said Eric Wiseman, VF Chairman and Chief Executive Officer. “The combination of powerful brands and strong operating platforms creates a unique engine capable of delivering consistent, long-term shareholder value. With a strong start to the year, we’re well positioned to achieve our full year goals.”
Key Stats (on next page)…