8/105 sources · 5 publishersUpdated Oct 28, 10:36 UTC
VF Corp reports earnings beat with $0.70 non‑GAAP EPS and $2.7 billion revenue
+3 new sources since this summary was written
VF Corp announced earnings where non‑GAAP earnings per share were $0.70, surpassing analyst forecasts. Revenue was $2.7 billion, a little above expectations. The company said total revenue fell 4% year‑over‑year, but rose 1% when the Dickies brand is excluded, and direct‑to‑consumer sales also grew 1%. The materials differ on whether the results pertain to the second or third quarter.
Why it matters
The company said the earnings beat supports its current guidance. Analysts noted the stronger profitability could reinforce investor confidence.
Key facts
- 1Non‑GAAP EPS was $0.70 seekingalpha.com
- 2Revenue was $2.7 billion seekingalpha.com
- 3Revenue declined 4% year‑over‑year seekingalpha.com
- 4Revenue grew 1% year‑over‑year excluding the Dickies brand seekingalpha.com
- 5Direct‑to‑consumer sales increased 1% seekingalpha.com
- 6EPS beat estimates by $0.16 seekingalpha.com
Open questions
- Material 1 describes the results as Q3, while material 2 calls them Q2.
- Beat amount differs: $0.16 in material 1 versus $0.17 in material 2.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.