V.F. Corp. (VFC) Tops Q2 EPS by 18c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus
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VF Reports Second Quarter Fiscal 2021 Results
October 16, 2020 6:55 AM EDTRevenue from continuing operations decreased 18 percent (down 19 percent in constant dollars) to $2.6 billion; Active segment revenue decreased 15 percent (down 16 percent in constant dollars) including a 10 percent (11 percent in constant dollars) decrease in Vans® brand revenue; Outdoor segment revenue decreased 24 percent (down 26 percent in constant dollars) including a 25 percent (26 percent in constant dollars) decrease in The North Face® brand revenue; Work segment revenue increased 14 percent including a 19 percent (18 percent in constant dollars) increase in Dickies® brand revenue; International revenue decreased 15 percent (down 18 percent in constant dollars);... More
