V.F. Corporation's Q1 2025 results continue to show challenges, with some signs of improvement, but still significantly down. The sale of Supreme for $1.5 billion was necessary to reduce solvency risk, but it will not be accretive to earnings. V.F. Corporation now faces much smaller solvency risks, but the stock is not attractive for investing purposes, as it already embeds significant optimist expectations.
V.F. Corporation stock surged 7% following the Q1 fiscal 2025 earnings announcement. VFC stock is now up 60% from its 52-week low. In this update, I will discuss VFC's latest quarterly results, focusing in particular on earnings adjustments and the performance of its core brands. I'll explain why I can't quite understand the market's positive reaction to what I believe was another rather weak earnings report.
V.F. Corporation (VFC) Q1 2025 Earnings Call Transcript
Although the revenue and EPS for V.F. (VFC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
V.F. (VFC) came out with a quarterly loss of $0.33 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $0.15 per share a year ago.
VF Corp reported a smaller-than-expected drop in first-quarter revenue on Tuesday, helped by improvement in its China business as well as leaner inventory levels, sending its shares up 5% in extended trading.
V.F. Corp's (VFC) first-quarter fiscal 2025 results are likely to reflect the impacts of a tough operating environment and dismal wholesale performance.
V.F. (VFC) concluded the recent trading session at $16.58, signifying a +1.47% move from its prior day's close.
V.F. Corp's (VFC) decision to sell Supreme fits into its broader strategy of refining its portfolio to enhance alignment and operational efficiency across its business model.
V.F. Corporation VFC announced it entered into an agreement to sell its Supreme brand to EssilorLuxottica for $1.5 billion in cash.
VF Corporation (VFC) shares soared Wednesday after the struggling clothing retailer announced that Paris-based retailer EssilorLuxottica purchased its Supreme streetwear brand for $1.5 billion in cash.
Shares of Vans sneaker maker VF Corporation (NYSE:VFC) are 8.9% higher in premarket trading, following news that EssilorLuxottica agreed to acquire the company's Supreme brand by the end of 2024 in a $1.5 billion cash transaction.