VF Corp down after bigger-than-expected quarterly loss
29/07/2026 12:05
BUZZ-VF Corp down after bigger-than-expected quarterly loss ** Shares of apparel retailer VF Corp VFC.N down ~4% at $17.58 premarket
** VF reports bigger-than-expected quarterly loss, hurt by elevated costs and weak demand for Vans brand
** Logs Q1 adjusted loss of 27 cents per share versus estimates of 22 cents - LSEG
** Posts quarterly revenue of $1.67 billion, compared with estimates of $1.64 billion
** Co incurred $193.8 million in total restructuring charges in connection with restructuring plan
** Sees full-year revenue to grow 2% from last year, up from prior outlook of 1% to 2% rise; analysts expect 1.06% rise
** Co appoints Abhishek Dalmia as CFO and operating chief
** As of last close, stock up ~1% YTD
(Reporting by Shania S Thomas in Bengaluru)