VF Corp beats Q1 revenue estimates, raises FY27 outlook
VF Corp beats Q1 revenue estimates, raises FY27 outlook
Overview
U.S. apparel group reported fiscal Q1 revenue down 5% yr/yr, beating analyst expectations
Adjusted loss per share for fiscal Q1 missed analyst expectations
Company raised full-year revenue outlook to at least 2% growth
Outlook
VF Corp raises FY27 revenue outlook to +2% or better C$ vs. LY
Company expects FY27 adjusted operating margin of approximately 8%
VF Corp sees FY27 free cash flow flat to up vs. LY of $405 mln
Result Drivers
BRAND PERFORMANCE - The North Face, Timberland and Altra delivered growth, with The North Face up 6% and Timberland up 4% yr/yr, led by the Americas and DTC channels
VANS WEAKNESS - Vans revenue fell 8% yr/yr, with growth in Americas DTC more than offset by declines in global wholesale
AMERICAS STRENGTH - Americas region revenue ex Dickies grew 4% in constant currency, with growth across both channels
Company press release: ID:nBw52Hf7ra
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $1.67 bln | $1.64 bln (18 Analysts) |
Q1 Adjusted Loss Per Share | Miss | $0.27 | $0.22 (19 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 12 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy."
Wall Street's median 12-month price target for VF Corp is $18.00, about 1.4% above its July 28 closing price of $18.25
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)