VF Reports Third Quarter Fiscal 2020 Results and Adjusts Full Year Fiscal 2020 Outlook

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Go back to VF Reports Third Quarter Fiscal 2020 Results and Adjusts Full Year Fiscal 2020 Outlook

V.F. Corp. (VFC) Falls to Low, Down 10% Following Results Earlier

January 23, 2020 12:19 PM EST

V.F. Corp. (NYSE: VFC) Falls to Low, Down 10% Following Results Earlier

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V.F. Corp. (VFC) Tops Q3 EPS by 2c, Updates FY Guidance

January 23, 2020 6:57 AM EST

V.F. Corp. (NYSE: VFC) reported Q3 EPS of $1.23, $0.02 better than the analyst estimate of $1.21. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.43 billion.

GUIDANCE:

V.F. Corp. sees FY2020 EPS of $3.30, versus the consensus of $3.37. V.F. Corp. sees FY2020 revenue of $11.75 billion, versus the consensus of $11.85 billion.

Revenue is now expected to be approximately $11.75 billion, reflecting an increase of approximately 5 percent (7 percent on a constant dollar basis excluding the impact of acquisitions and divestitures). This compares to a previous expectation of approximately $11.8... More