VF Corp Posts 2Q EPS of 71 Cents
VFC sits 34% above its 52-week low of $12.455.
Summary
VF Corp reported second-quarter earnings of 71 cents a share, per Dow Jones Newswires, alongside net income of $285.3M and revenue of $2.7B, with adjusted EPS of 70 cents a share. Adjusted operating income excluding Dickies was $364M, above its roughly $315M guidance, while gross margin rose 320 bps to 55.4% and net debt fell $1.1B. The company beat its Q2 guidance, reaffirmed its full-year outlook and declared a $0.09 dividend. Context matters here: Q1 FY27 showed a narrowed $0.25/share loss with Outdoor revenue up 5% and gross margin up 100 bps, and the stock fell 18% on those mixed results. Insiders bought the dip — CEO Darrell Bracken put $493K in at $14.98 on July 31 and director Richard Carucci added $294,600 on August 13. With shares at $16.71, a 71-cent quarter is a meaningful swing from the prior loss and the first hard evidence the turnaround is holding.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — VF's adjusted operating income ex Dickies was $364M, above its ~$315M guidance, with gross margin up 320 bps to 55.4% and net debt down $1.1B.
At the time of this announcement, VFC was trading at $16.71 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.7B. The 52-week trading range was $12.46 to $22.27. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.