VF Corp Earnings: What To Look For From VFC

Lifestyle clothing conglomerate VF Corp (NYSE:VFC) will be reporting results tomorrow before market open. Here’s what to expect.

VF Corp beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $2.83 billion, up 1.9% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ constant currency revenue and EPS estimates.

Is VF Corp a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting VF Corp’s revenue to decline 3.1% year on year to $2.18 billion, improving from the 18% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.14 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. VF Corp has missed Wall Street’s revenue estimates six times over the last two years.

Looking at VF Corp’s peers in the apparel and accessories segment, some have already reported their Q1 results, giving us a hint as to what we can expect. ThredUp delivered year-on-year revenue growth of 10.5%, beating analysts’ expectations by 4.4%, and Figs reported revenues up 4.7%, topping estimates by 4.8%. ThredUp traded up 48.1% following the results while Figs was down 1.7%.

Read our full analysis of ThredUp’s results here and Figs’s results here.

There has been positive sentiment among investors in the apparel and accessories segment, with share prices up 17.8% on average over the last month. VF Corp is up 37.5% during the same time and is heading into earnings with an average analyst price target of $19.77 (compared to the current share price of $14.40).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.