July 24, 2019 / 11:07 AM / 4 months ago

Vans shoe maker VF Corp beats quarterly revenue estimates

July 24 (Reuters) - VF Corp's quarterly revenue beat Wall Street expectations on Wednesday, helped by higher demand for its Vans sneakers and the North Face brand.

Net revenue rose 6.3% to $2.27 billion in the first quarter, beating analysts' estimate of $2.24 billion, according to IBES data from Refinitiv.

Net income fell to $49.2 million, or 12 cents per share, in the quarter ended June 29, from $160.4 million, or 40 cents per share, a year earlier, primarily due to the spin-off of its less profitable jeans business in May. (Reporting by Soundarya J in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below