VF Corp Raises FY2027 Revenue Guidance Following Better-Than-Expected Q1 Results
VF Corporation raised its full-year revenue guidance for fiscal year 2027 after reporting first-quarter results that exceeded internal expectations. The company now anticipates at least a 2% increase in annual revenue on a constant-currency basis, up from the previous range of 1-2%. Despite an overall Q1 revenue decline to $1.67 billion due to the sale of its Dickies brand and currency fluctuations, adjusted revenue rose by 1%, outperforming both internal guidance for a low-single-digit drop and analyst expectations for a 6.8% decrease. The company reported a net loss of $97.2 million or $0.25 per share in the quarter, compared to a prior-year loss of $116.4 million or $0.30 per share. Adjusted losses also missed analyst forecasts at $0.27 per share versus expected $0.22. Despite beating revenue guidance and raising full-year expectations, VF's stock fell more than 6% in premarket trading.
Tickers: $VFC