V.F. Corporation Reports Q4 Miss, But Solid Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/VFC'>V.F. Corporation (NYSE:VFC) </a>reported its Q4 results last week, with EPS of $0.45 coming in below the Street estimate of $0.46. Revenue was $2.8 billion, compared to the Street estimate of $2.84 billion.</p>
<p>Despite the miss, the company provided a solid outlook for Q1/23, expecting EPS in the range of $3.30-$3.40, compared to the consensus estimate of $3.20. </p>
<p>Analysts at Deutsche Bank shared their views on the company stating that on the top line they were pleased to see the ongoing momentum at The North Face and Timberland with sales growth at both brands ahead of their expectations. Meanwhile, trends at Vans remained challenged with sales growth decelerating on a three-year basis to up mid-single-digits vs. an average of up mid-teens for the first three quarters of the year. Much of the shortfall in revenue stemmed from headwinds due to COVID lockdowns in China, along with lower brand heat, and softer results in classics.</p>

NYSE:VFC