Reported 6 months ago
VF Corporation (VFC) stock fell after reporting a loss in its first-quarter earnings, attributed to their transformation strategy named "Reinvent." The parent company of Vans and The North Face experienced a decline in shares, down 11%, marking its lowest level since 2009. Analysts expressed disappointment in the results, emphasizing the challenges VF Corp faces, particularly in the context of struggling Vans sales. The company's efforts to improve its financial position include cost-cutting measures and layoffs, but analysts believe the turnaround will require time given the current market conditions.
Source: YAHOO