North Face Parent VF Reports Loss as Sales Miss Estimates on Weak Demand
Key Takeaways VF Corp. reported worse-than-expected results for its fourth quarter, which it blamed on weak demand and too much inventory.The parent of North Face and Vans apparel brands posted a surprising loss per share in the quarter,
North Face owner VF Corp misses quarterly revenue estimates, posts loss as demand sags
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.
VF Stock Tumbles After Earnings From North Face Owner Miss Forecasts
VF's loss nearly doubled last quarter, as the clothing-and-footwear company's sales sank 13%, while it tried to right-size inventories. VF shares (VFC) fell nearly 14% in premarket trading, to $10.65.
VF, Parent Company of North Face, Reports Loss as Sales Miss Estimates Due to Weak Demand
VF Corp., a leading apparel company known for brands such as North Face and Vans, faced challenges in its fourth-quarter performance, attributing the difficulties to weakened consumer demand and an excess of inventory.
Vans Owner VF Corp. Plunges After Reporting Quarterly Loss
VF Corp., the owner of the Vans, Dickies and Timberland brands, reported a loss and a seventh consecutive quarter of falling sales, sending the shares down sharply in late trading.
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Save up to $280 on these REI deals from The North Face
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We were able to fit our queen-size sleeping pad in the center of the tent with space for our gear on each side." ...
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