Shares of VF Corp. (VFC) fell to their lowest level in more than 15 years Thursday after the apparel company posted an unexpected loss per share for its fiscal fourth quarter and missed sales estimates on weak demand. The company also named a new chief financial officer (CFO).
North Face and Vans owner VF Corp (NYSE:VFC, ETR:VFP) slumped in pre-market trading after unveiling a worse-than-expected fourth quarter results on muted demand. VF Corp unveiled an adjusted US$0.32 loss per share for the quarter on Thursday, against analysts' expectations of a US$0.01 profit.
Shares of VF Corp. tumbled after hours on Wednesday after the maker of North Face gear and Vans sneakers reported a surprise adjusted quarterly loss, as retailers remain reluctant to stock up on new shoes and clothing amid weaker shopper demand.
VF Corp posted a fourth-quarter loss and reported revenue below analysts' estimates on Wednesday as sales declined across its brands, reflecting choppy demand for its apparel and footwear amid strained consumer spending.
DENVER--(BUSINESS WIRE)--VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, today announced the appointment of Paul Vogel as Chief Financial Officer, effective July 8, 2024. He will succeed Matt Puckett, who as previously announced, will be stepping down. Vogel is an experienced finance executive with significant operational, financial planning a...
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