V.F. Corp Reports Third Quarter Earnings Beat on EPS and Revenue
V.F. Corp (VFC) reported third-quarter financial results that exceeded market expectations, posting a Non-GAAP earnings per share of $0.70, which surpassed estimates by $0.16. Total revenue for the quarter reached $2.7 billion, beating analyst projections by $30 million despite representing a 4% year-over-year decline. The company showed signs of underlying strength in specific segments; excluding the Dickies brand, revenue grew by 1% compared to last year, outperforming previous guidance for flat growth. Additionally, V.F. Corp's global Direct-to-Consumer (DTC) channel maintained positive momentum with a 1% increase over the prior year.
Tickers: $VFC
Topics: direct-to-consumer earnings beat non-GAAP EPS revenue growth