V.F. Corp (VFC) Stock Up On Q3 Earnings Beat & Raised View
Zacks Investment Research | Jan 17, 2019 09:43PM ET
V.F. Corporation (NYSE:VFC) posted strong third-quarter fiscal 2019 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate and improved year over year. With this, the company delivered its sixth bottom-line beat in the last seven quarters.
Results were mainly driven by gains from robust trends at its core brands (Vans and The North Face). The company also witnessed solid growth at its international and direct-to-consumer businesses as well as strength across most of its segments. As a result, management raised its outlook for fiscal 2019. Following the robust fiscal third-quarter results and upbeat outlook for the fiscal year, shares of the company increased 9.9% during pre-market trading. However, the stock has lost 15.9% in the past three months, wider than the Zacks Investment Research
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