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VF Corp. Stock Jumps as North Face, Timberland Sales Grow
VFCVF(VFC) Investopedia·2025-01-29 16:33

Core Insights - VF Corporation's shares increased after reporting third-quarter earnings that exceeded expectations, with sales growth across all international regions [1][4] - The company reported a net income of 167.78million,or43centspershare,forthethirdquarteroffiscal2025,comparedtoalossof167.78 million, or 43 cents per share, for the third quarter of fiscal 2025, compared to a loss of 42.45 million in the same quarter last year [1] - Revenue for the quarter was 2.83billion,reflectingayearoveryearincreaseofapproximately22.83 billion, reflecting a year-over-year increase of approximately 2%, surpassing previous projections of a slight decline [2] Sales Performance - Sales growth was observed globally, with North Face and Timberland experiencing increases of 5% and 11% respectively, while Vans sales declined by 9% [4] - The stock price of VF Corporation rose about 1% on the reporting day, marking an overall increase of nearly 60% over the past 12 months [4] Future Outlook - The CEO indicated that there is still work to be done to achieve consistent double-digit operating margins and sustainable top-line growth, emphasizing ongoing transformation efforts [3] - For the fourth quarter, the company anticipates a revenue decline of 4% to 6% compared to the same period last year, with a projected adjusted operating loss of up to 30 million [3]