VFC - VF Corp Stock Is Falling: What's Going On? | Benzinga
V.F. Corp (NYSE: VFC) shares are trading lower Tuesday after the company reported mixed fiscal second-quarter financial results and withdrew guidance. Multiple analysts also lowered price targets following the print.
What Happened: VF Corp, which owns several popular retail brands including Vans and The North Face, reported quarterly sales of $3.03 billion, beating estimates of $3.02 billion. The company reported earnings of 63 cents per share, which missed estimates of 66 cents per share, per Benzinga Pro.
VF Corp also announced a transformation program aimed at enhancing the company's focus on ...