VF Reports Wider-Than-Expected Loss Despite Revenue Beat
VF Corporation (NYSE:VFC) reported a wider-than-expected quarterly loss despite exceeding revenue forecasts, leading to a roughly 6% drop in its stock price. The company posted an adjusted loss of $0.27 per share for the first quarter of fiscal 2027 versus expectations of $0.22 per share. Revenue reached $1.67 billion, surpassing estimates but declining year-over-year by 5%. Excluding divested operations like Dickies, revenue was flat or slightly up in constant currency terms. Brand performance varied: The North Face saw a 6% increase in sales while Vans declined by 8%, and Timberland rose by 4%. Despite the loss, VF improved its gross margin to 54.9%, reduced net debt significantly, and raised full-year revenue guidance from 1-2% growth to at least 2%. The company also announced a new CFO appointment in Abhishek Dalmia and declared a quarterly dividend of $0.09 per share.
Tickers: $VFC
Topics: earnings revenue stock price movement