Loading...
•
Dec 28, 2019
VF Corp Q3 2020 Earnings Report
VF Corp reported strong performance in Q3 2020, driven by key brands and international and direct-to-consumer platforms.
Key Takeaways
VF Corporation reported a 5% increase in revenue to $3.4 billion, with adjusted EPS increasing 14% to $1.23. The company is adjusting its full-year fiscal 2020 outlook, expecting adjusted revenue to approximate $11.75 billion and adjusted EPS to be approximately $3.30.
Revenue increased by 5% to $3.4 billion, or 6% in constant dollars.
Adjusted earnings per share increased by 14% to $1.23.
Active segment revenue increased 8% (9% in constant dollars), including a 12% increase in Vans® brand revenue.
Outdoor segment revenue increased 3% (4% in constant dollars), including an 8% increase in The North Face® brand revenue.
Revenue by Segment
Forward Guidance
VF Corp updated its full year fiscal 2020 outlook. Revenue is now expected to be approximately $11.75 billion, reflecting an increase of approximately 5 percent. Adjusted earnings per share is now expected to be approximately $3.30, reflecting growth of approximately 15 percent.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...