V.F. Corp. Misses Q1 EPS by 5c; Lowers Outlook By Investing.com

Fed to skip hike in June, hop into long pause before jump to cuts: Morgan Stanley

V.F. Corp. Misses Q1 EPS by 5c; Lowers Outlook

Published Jul 28, 2022 16:28

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V.F. Corp. (VFC) reported Q1 EPS of $0.09, $0.05 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.25 billion.

GUIDANCE:

VF (NYSE:VFC) is maintaining its currency adjusted FY23 outlook while revising its earnings outlook on a reported dollar basis to reflect ongoing negative impacts from foreign currency fluctuations; we now expect adjusted EPS of $3.05 to $3.15, implying 4% to 7% growth versus the prior year on a constant dollar basis. The consensus is $3.34.

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