VF Corp (VFC), the parent company of The North Face and Vans brands, said Wednesday that it swung to a loss in the latest quarter, citing falling sales for Vans and ongoing macroeconomic challenges.
Earnings: VF swung to a loss of $118.4 million, or 31 cents a share, compared with a profit of 464.1 million, or $1.18 a share, a year ago. Adjusted earnings per share were 73 cents. Analysts polled by FactSet expected adjusted per-share earnings of 75 cents.
Revenue: Revenue fell 4% to $3.08 billion. Analysts expected $3.1 billion. Excluding currency fluctuations, revenue rose 2%.
What are everyone's thoughts on VFC?
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