— 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.
— 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.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
