VF Corp. outlook still misses

Investor's Business Daily

The maker of North Face apparel and Vans shoes said Q1 EPS jumped 25% to $2.43, beating views by 24 cents. Margins widened 2.4 percentage points to 48.1% on lower product costs and higher-margin goods. Sales rose 2% to $2.58 bil, under estimates. VF Corp. (VFC) raised its full-year EPS outlook to $10.75 from $10.70. Analysts are expecting $10.80. Shares fell 2.2% to 174.82.

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