V.F. Corp. (VFC) Misses Q4 EPS by 6c

V.F. Corp. (NYSE: VFC) reported Q4 EPS of $0.95, $0.06 worse than the analyst estimate of $1.01. Revenue for the quarter came in at $3.38 billion versus the consensus estimate of $3.64 billion.

Guidance:

• 2016 revenue expected to increase at a mid single-digit percentage rate
• 2016 gross margin expected to approximate 48.8 percent, net of an anticipated 70 basis points of negative impact from changes in foreign currency
• 2016 currency neutral EPS expected to increase 11 percent (up 5 percent reported) compared to adjusted EPS of $3.08 in 2015

For earnings history and earnings-related data on V.F. Corp. (VFC) click here.

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