V.F. Corp. (NYSE: VFC) reported Q3 EPS of $0.93, $0.03 better than the analyst estimate of $0.90. Revenue for the quarter came in at $3 billion versus the consensus estimate of $3 billion.

GUIDANCE:

V.F. Corp. sees FY2021 EPS of $1.30, versus the consensus of $1.36. V.F. Corp. sees FY2021 revenue of $9.1-9.2 billion, versus the consensus of $9.2 billion.

• Revenue is now expected to be in the range of $9.1 billion to $9.2 billion, reflecting a decrease of 12 percent to 13 percent on an adjusted basis. The updated outlook includes approximately $125 million of revenue from the Supreme® brand. This compares to the previous expectation of at least $9.0 billion, reflecting a decrease of approximately 14 percent on an adjusted basis.
• Adjusted earnings per share is expected to be approximately $1.30, reflecting a decrease of approximately 51 percent. The updated outlook includes approximately $0.05 of adjusted earnings per share from the Supreme® brand. This compares to the previous expectation of at least $1.20, reflecting a decrease of approximately 55 percent.
• Adjusted free cash flow is now expected to be approximately $650 million. This compares to the previous expectation of greater than $600 million.

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