VF Reports Second Quarter Fiscal 2020 Results; Raises Dividend and Reaffirms Full Year Fiscal 2020 Outlook
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V.F. Corp. (VFC) Misses Q2 EPS by 5c, Reaffirms FY Revenue and EPS Guidance
October 25, 2019 6:57 AM EDTV.F. Corp. (NYSE: VFC) reported Q2 EPS of $1.26, $0.05 worse than the analyst estimate of $1.31. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.42 billion.
GUIDANCE:
V.F. Corp. sees FY2020 EPS of $3.32-$3.37, versus the consensus of $3.39. V.F. Corp. sees FY2020 revenue of $11.8 billion, versus the consensus of $11.87 billion.
Revenue is still expected to approximate $11.8 billion, reflecting an increase of approximately 6 percent (8 percent on a constant dollar basis excluding the impact of acquisitions and divestitures). By segment, revenue for Outdoor is still... More