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VFC WI - VF News Story

$85.5 -1.1  -1.3%

Last Trade - 22/05/19

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £19.71bn
Enterprise Value £22.90bn
Revenue £8.08bn
Position in Universe th / 7405

BUZZ-Vans maker VF falls as profit misses on higher discounts

Fri 21st May, 2021 1:13pm
** Shares of Vans and North Face parent  VFC.N  down 4% at
$81.39 pre-market
    ** VFC posts fourth-quarter adjusted profit of 27 cents per
share, missing Refinitiv IBES estimates of 29 cents, as it
discounted more  urn:newsml:reuters.com:*:nBw9dxcz4a
    ** VFC expects to earn about $3.05 per share on revenue of
about $11.8 billion in fiscal 2022, including contribution from
its streetwear brand Supreme
    ** VFC bought Supreme for $2.1 billion last year
 urn:newsml:reuters.com:*:nL4N2HV370
    ** Analyst expect VFC to earn $3.02 per share on revenue of
$11.41 billion in FY22
    ** Shares down about 1% this year, versus a near 11% jump in
S&P 500  .SPX 

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com))
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