October 25, 2019 / 11:06 AM / a month ago

Vans owner VF Corp revenue misses estimates on sluggish demand

Oct 25 (Reuters) - Apparel maker VF Corp reported second-quarter revenue that missed Wall Street expectations on Friday, hurt by sluggish demand for its North Face and Vans brands.

Net income rose to $649 million, or $1.61 per share, in the quarter ended Sept. 28, from $507.1 million, or $1.26 per share, a year earlier.

Net revenue climbed 5.4% to $3.39 billion, but missed the average analyst estimate of $3.42 billion, according to IBES data from Refinitiv.

Reporting by Aditi Sebastian; Editing by Shinjini Ganguli

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below