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North Face parent VF Corp. reports profit and revenue miss

·1 min read
North Face parent VF Corp. reports profit and revenue miss
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VF Corp. shares dropped nearly 7% in Friday premarket trading after The North Face and Vans parent reported fiscal second-quarter earnings and revenue that missed expectations. Net income totaled $464.1 million, or $1.18 per share, up from $256.7 million, or 66 cents per share, last year. Adjusted EPS of $1.11 missed the FactSet consensus for $1.15. Revenue of $3.198 billion was up from $2.608 billion last year and below the FactSet consensus for $3.490 billion. VF Corp. says it has experienced