Categories Earnings, LATEST, Retail

V.F. Corporation (NYSE: VFC): Q2 2020 Earnings Snapshot

— V.F. Corporation (NYSE: VFC) reported its second-quarter 2020 adjusted earnings of $1.26 per share versus $1.31 per share expected.

— Revenue grew by 5% to $3.39 billion versus $3.42 billion expected. On an adjusted basis, revenue increased by 6% driven by VF’s two largest brands, and its international and direct-to-consumer platforms.

VF Corporation (NYSE: VFC): Q2 2020 Earnings Snapshot

— Active segment revenue grew by 9% and Outdoor segment revenue rose by 4%. International revenue increased by 4% while direct-to-Consumer revenue grew by 11%.

— Looking ahead into fiscal 2020, the company still expects revenues in the range of $11.8 billion, representing about 6% annual growth.

— The estimate for adjusted earnings per share for the full year is between $3.32 and $3.37 per share, which reflects a 16% to 18% year-over-year growth.

— Adjusted cash flow from operations is still expected to be at least $1.3 billion for the full year.

— The board of directors declared a quarterly dividend of $0.48 per share, reflecting a 12% increase over the previous quarter. The dividend will be paid on December 20, 2019, to shareholders of record on December 10, 2019.

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top