North Face parent blows past Wall Street quarterly expectations, cuts dividend
Shares of VF Corp. rallied more than 6% in the extended session Tuesday after the maker of The North Face jackets and Jansport backpacks, among other outdoor apparel, reported third-quarter results that blew past Wall Street expectations and said it was exploring the sale of some assets and other actions to sharpen its focus. Analysts polled by FactSet expected VF Corp. to report adjusted EPS of 26 cents a share on sales of $2.7 billion. “We are committed to improving execution through a sharpened focus,” Interim Chief Executive Benno Dorer said in a statement.