VF Reports Second Quarter Fiscal 2021 Results
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V.F. Corp. (VFC) Tops Q2 EPS by 18c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus
October 16, 2020 6:58 AM EDTV.F. Corp. (NYSE: VFC) reported Q2 EPS of $0.67, $0.18 better than the analyst estimate of $0.49. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.5 billion.
Revenue 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... More