V.F. Corp. (VFC) Tops Q2 EPS by 1c

V.F. Corp. (NYSE: VFC) reported Q2 EPS of $0.29, $0.01 better than the analyst estimate of $0.28. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.29 billion.

“VF’s second quarter results were solid and consistent with our expectations, driven by strong results from our largest global brands, the company’s international and direct-to-consumer platforms, and our growing workwear businesses,” said Steve Rendle, President and Chief Executive Officer. “We have really good momentum as we move into the second half of 2017 and are confident in our growth engines, as evidenced by an increase in our full year outlook and our plan to increase our cash returns to shareholders. Based on the strength of the first half of 2017 and our expectations for the second half of the year, we are making growth-focused investments in our largest brands and platforms to generate additional value for our shareholders both in the near and long term.”

GUIDANCE:

V.F. Corp. sees Q3 2017 EPS of $2.94, versus the consensus of $2.93.

For earnings history and earnings-related data on V.F. Corp. (VFC) click here.

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