VF Corporation (VFC), the parent company of popular brands Vans and The North Face, saw its stock price surge on Tuesday after reporting better-than-expected second-quarter earnings. The company exceeded revenue and earnings estimates, driven by strong performance in Greater China and cost reduction initiatives. While analysts remain cautiously optimistic, the positive results and anticipated future growth prospects signal potential for continued upward momentum in VFC shares.
VF Corporation (VFC) stock surged over 20% on Tuesday after the company delivered better-than-expected second-quarter financial results. The positive earnings report was accompanied by multiple analyst upgrades, bolstering investor confidence in the apparel giant. Learn more about VF Corp’s performance and the key takeaways from the report.
VF Corp, the parent company of iconic brands like Vans and The North Face, delivered a strong second-quarter performance, exceeding earnings and revenue estimates. The company also announced a dividend increase and updated its full-year outlook. VF Corp’s shares surged over 16% in after-hours trading on the news.
V.F. Corporation (VFC) has experienced a significant stock rally in recent months, driven by its Reinvent transformation program and cost-reduction initiatives. The company is seeing positive signs with improvements in sales at Vans, one of its key brands, despite near-term uncertainties. VFC’s stock is trading near its 52-week high, suggesting sustained investor confidence in the company’s future performance.
Barclays analyst Adrienne Yih upgraded V.F. Corporation (VFC) to Overweight, citing potential for a multi-year turnaround driven by brand and product improvements. The analyst expects gradual improvements in the company’s fundamentals, with positive sales growth anticipated for the Vans brand and gross margin exceeding expectations in the first quarter of 2025.
