Reported 5 months ago
Telsey Advisory Group downgraded VF Corporation (VFC) from Outperform to Market Perform due to a significant miss in the company's first-quarter results, with revenue, gross margins, and operating expenses falling short of expectations. Analyst Dana Telsey highlighted challenges with Vans and The North Face brands, noting that the company's transformation plan has not yet shown positive results. The strategic portfolio review conducted by VF Corporation did not reveal its findings, leaving uncertainty about future actions.
Source: YAHOO