Reported 1 day ago
VF Corp's shares surged following a strong fiscal first-quarter earnings report that surpassed Wall Street's expectations, indicating that the company's turnaround strategies are yielding positive results. The Denver-based apparel and shoe company reported revenues of $1.8 billion, exceeding forecasts, while its adjusted loss was less than anticipated. CEO Bracken Darrell is leading a revamp focusing on improving sales for the Vans brand, which has faced challenges. Although the company anticipates a revenue decline in the upcoming quarter, it believes operating income will increase for the year.
Source: YAHOO