V.F. Corp. (VFC) Misses Q1 EPS by 5c; Lowers Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/13/2026
- S&P 500 notches record-high close as rate-hike worries ease
- Oil settles down 2% on weak demand outlook, hefty US crude build
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
VF Corporation Reports Solid Top-Line Performance in First Quarter and Revises Full Year Fiscal 2023 Outlook Due to Currency Impact
July 28, 2022 4:05 PM EDTDENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC) today announced financial results for its first quarter (Q1'FY23) ended July 2, 2022.
Q1'FY23 Financial Highlights
Revenue $2.3 billion, up 3% (up 7% in constant dollars) with big four brands up 2% (up 6% in constant dollars) and the balance of the portfolio up 9% (up 16% in constant dollars) The North Face® revenue $0.5 billion, up 31% (up 37% in constant dollars) Vans® revenue $0.9 billion, down 7% (down 4% in constant dollars) Gross margin 53.9%, down 260 basis points; Adjusted gross margin 54.1%, down 260 basis points Operating margin 2.8%,... More