Shares of VF Corp. plunged after the Vans owner reported a loss and a seventh consecutive quarter of falling sales. The company's Q1 sales dropped 13% year-over-year, with revenue falling across all geographical regions and brands. VF Corp. did not provide any FY'25 outlook. The stock is down 9%, marking its lowest point since 2008. The company is facing significant debt issues and has made little progress in cutting costs and paying down debt. VF Corp. is working with Goldman Sachs to review its portfolio and may sell the Supreme brand. Price targets have been cut by TD. VF Corp. has seen 19 reports with 18 drops, and gross margins missed expectations.
$VFC corp sees 2 quarterly revenue declines, gross margins missed (Timberland, Vans, North Face) - Stock drops to lowest since 2008 - Little progress made so far in cutting costs and paying down debt - Working with $GS to review portfolio, may sell Supreme - Px targets cut by TD… https://t.co/jTty4qgsrJ
VF Corp. Stock Tumbles After Earnings. It Has a Debt Problem. https://t.co/mtBrKGB3CT
$VFC shares are trading lower after missing estimates in Q1, with sales dropping 13% YoY & reporting a loss compared to a profit in the previous year Q1 Revenue FELL 🔻 YoY across all geographical regions & brands Additionally, VF Corp didn't provide any FY'25 outlook related… https://t.co/bp7J2JWEMM
Shares of VF Corp. plunge after the Vans owner reported a loss and a seventh consecutive quarter of falling sales https://t.co/mQUQ7ABYh7
You think you're having a bad day? VF Corp is down 9% after earnings...again. 19 reports, 18 drops. $VFC https://t.co/QJceCex4Uw