Reported 2 days ago
VF Corp reported a 5% drop in fourth-quarter revenue to $2.14 billion, missing estimates as tariff uncertainties and a challenging macroeconomic climate led to decreased consumer demand, causing a nearly 11% drop in shares. The company is considering price increases and boosting production to mitigate the effects of tariffs affecting major manufacturing hubs, while efforts to streamline its product line and maintain full prices have not resonated well with consumers.
Source: YAHOO