Latest news with #Vans
Yahoo
2 hours ago
- Business
- Yahoo
Timberland, Vans Parent VF Corp. Stock Pops as Transformation Effort Advances
Key Takeaways Apparel and shoe manufacturer VF Corp. surprised analysts with flat revenue and a smaller loss than expected as its continued its transformation effort. The company behind North Face, Vans, and Timberland had previously warned of a drop in revenue. VF Corp. benefited from higher demand for its Timberland and North Face products, but Vans sales of VF Corp. (VFC) jumped nearly 10% Wednesday after the apparel and shoe manufacturer posted a surprise financial report, suggesting its turnaround efforts are working. The parent of North Face, Vans, and Timberland brands reported first-quarter fiscal 2026 revenue was basically flat at $1.76 billion, beating estimates. In May, VF warned revenue would be down 3% to 5% in constant-currency terms. In addition, VF cut its adjusted per-share loss to $0.24 from $0.35 in 2024, also better than expected. Sales were up 11% year-over-year for Timberland and 6% for North Face, but they fell 14% for Vans. Other brands gained 4%. CEO Bracken Darrell, who took over 2 years ago, said, "We are on track with VF's transformation." Darrell added the company was "lowering costs, improving margins, reducing debt and transforming the organization." VF sees current-quarter sales to be down 2% to 4% in constant currency, and while it didn't give a full-year outlook, it did note that adjusted operating income and operating cash flow will be higher than 2024. Even with today's rise, VF Corp. shares have lost more than 35% of their value this year. Read the original article on Investopedia Sign in to access your portfolio
Hypebeast
2 hours ago
- Entertainment
- Hypebeast
Vans Hits the Courts with Setinn To Serve Up Two Tennis Sneakers
Name:Setinn x Vans Authentic; Setinn x Vans SpeedColorway:WhiteMSRP:¥13,200 ($89 USD); ¥14,300 ($96 USD)Release Date:August 9Where to Buy:Vans x Setinn Pop-Up For the first time,Vansis heading down to the tennis courts with the help of the Japanese tennis brand, Setinn. Vans Japanhas teamed up with the seasoned sporting imprint to present its first pair of tennis sneakers: the Setinn x Vans Authentic and the Setinn x Vans Speed. Guided by the concept of 'playing tennis with skate shoes,' Vans brings its design ethos to the uncharted terrain. Both the Authentic and the Speed, for the most part, maintain their original silhouette, reworked merely with minimalistic design elements throughout. To start, the Authentic model is simply dipped in a black-and-white grid-like print, emulating that of the tennis net. Vans' signature branded tag remains on the upper, with a Setinn stamp on the white midsole. As for the Speed, the more oversized sneaker similarly lands in an all-white colorway, accented with green branded hits landing on the tongue, heel, and outsole. Complementing the two sneakers comes a clean capsule of apparel and accessories, including co-branded graphic tees, athletic shorts, a bandana and a tennis cap. Peep the full Vans x Setinn footwear-fronted tennis capsule in the lookbook above and expect the range to drop for purchase on August 9. Find the full release details in the Instagram post below.
Yahoo
6 hours ago
- Business
- Yahoo
VF Corp Jumps After Earnings Beat as Turnaround Takes Hold
(Bloomberg) -- VF Corp. shares soared after the the apparel and shoe company reported fiscal first-quarter earnings that beat Wall Street expectations, signaling that turnaround efforts are beginning to show results. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus Boston's Dumpsters Overflow as Trash-Strike Summer Drags On The company reported revenue of $1.8 billion, better than the $1.7 billion forecast by a Bloomberg survey of analysts. An adjusted loss of 24 cents was narrower than expectations. VF Corp. said it expects a second-quarter revenue decline between 2% and 4% year-over-year. The company isn't providing detailed full-year guidance as it works on a reset. It said adjusted operating income and operating cash flow will be up this year versus last. The owner of the North Face brand is in the midst of a revamp led by Chief Executive Officer Bracken Darrell, who took the helm about two years ago. He's focused on improving its Vans brand, where sales have been falling. 'We have reset the table and soon will move to growth,' Darrell said in a statement. The company is closing poorly performing Vans stores and trying to pull back on discounting of the brand. Revenue at Vans fell 14% in the most recent quarter versus last year. That's an improvement from the prior quarter. The company said in a presentation that sales of new Vans items, including Super Lowpro and Curren Caples Skate, are increasing. Those gains are offset by sharp declines in its 'icons' products, though. VF Corp. shares rose 14% at 7:05 a.m. in Wednesday premarket trading in New York. The stock had fallen 42% for the year through Tuesday's close. (Updates with additional context in the third and seventh paragraphs. A previous version corrected the day of the premarket move.) Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts Russia Builds a New Web Around Kremlin's Handpicked Super App ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
7 hours ago
- Business
- Yahoo
V.F. Corp Gears Up for Q1 Earnings Amid Vans Restructuring Pressures
V.F. Corporation VFC is likely to register a year-over-year decline in its top and bottom lines when it posts first-quarter fiscal 2026 earnings on July 30, before the opening bell. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.7 billion, indicating an 11.2% decline from the prior-year quarter's consensus estimate for loss is pegged at 34 cents per share, wider than the 33 cents reported in the year-ago period. Notably, the earnings estimate has remained stable in the past 30 days. V.F. Corporation Price, Consensus and EPS Surprise V.F. Corporation price-consensus-eps-surprise-chart | V.F. Corporation Quote V.F. Corp delivered an earnings surprise of 13.3% in the last reported quarter. In the trailing four quarters, the company delivered an earnings surprise of 36.9%. Things to Know Ahead of VFC's Q1 Earnings V.F. Corp is likely to report a year-over-year revenue decline in its upcoming first-quarter fiscal 2026 results, pressured by continued brand-specific and structural headwinds. Management has guided for revenues to fall 3-5% on a constant currency basis, citing ongoing impacts from strategic reset actions at Vans and lingering softness in consumer traffic. As the fiscal first quarter is seasonally the company's smallest quarter but disproportionately affected by Vans' performance, any further deterioration in the brand's momentum could weigh heavily on consolidated continues to be a drag on top-line performance, with management indicating that first trends would mirror the 20% decline seen in the fourth quarter of fiscal 2025. The fiscal first quarter will reflect the full impact of earlier store closures, value channel exits and distressed inventory reductions, all part of a deliberate plan to clean up the marketplace and reset the brand for profitable growth. While these actions are setting a stronger foundation, these are expected to continue distorting year-over-year comparisons through at least the first half of fiscal 2026. Notably, management does not expect a visible improvement in Vans' financial performance until the back-to-school or holiday foreign exchange is expected to have a modest unfavorable impact on the fiscal first-quarter results, adding another layer of pressure to top-line performance. Management remains focused on transformation goals under its Reinvent strategy, including cost structure optimization, improved brand focus and balance sheet deleveraging. The company did not provide fiscal 2026 guidance but reiterated expectations for operating margin expansion in fiscal 2026 despite macro and brand-specific the positive side, the gross margin is expected to remain strong, benefiting from lower input costs, fewer promotions and an improved inventory mix. These tailwinds, which helped drive a 560 basis-point gross margin improvement in fourth-quarter fiscal 2025, are likely to carry into first-quarter fiscal 2026, even as operating leverage remains limited. VFC expects an operating loss of $110-$125 million for first-quarter fiscal 2026. Meanwhile, SG&A expenses are forecasted to be flat to slightly down year over year, with cost savings from the Reinvent program offsetting investments in product development and marketing. What the Zacks Model Unveils for VFC Stock Our proven model does not conclusively predict an earnings beat for V.F. Corp this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chance of an earnings beat, which is not the case here. You can uncover the best stocks before they're reported with our Earnings ESP Filter.V.F. Corp has an Earnings ESP of -15.00% and currently carries a Zacks Rank of 3. Valuation Picture of VFC Stock V.F. Corp stock is trading at a premium valuation relative to the industry. Per the price-to-earnings ratio, the stock is currently trading at 13.87X forward 12-month price-to-earnings ratio, higher than 11.49X for the Textile - Apparel industry. Image Source: Zacks Investment Research The recent market movements show that VFC's shares have gained 8.2% in the past three months compared with the industry's growth of 1.1%. Image Source: Zacks Investment Research Stocks With the Favorable Combination Here are some companies that, according to our model, have the right combination of elements to beat on earnings this reporting cycle. Ralph Lauren RL currently has an Earnings ESP of +1.02% and a Zacks Rank of 2. RL is likely to register a top-line increase when it reports first-quarter fiscal 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $1.64 billion, indicating an 8.7% rise from the figure reported in the prior-year quarter. You can see the complete list of today's Zacks #1 Rank stocks consensus estimate for Ralph Lauren's earnings is pegged at $3.43 per share, implying a 27.04% jump from the year-ago quarter. RL delivered an earnings surprise of 8.9% in the last Fitness PLNT presently has an Earnings ESP of +1.48% and a Zacks Rank of 2. The company is expected to register increases in its top and bottom lines when it reports second-quarter 2025 numbers. The Zacks Consensus Estimate for PLNT's quarterly revenues is pegged at $333.5 million, which indicates growth of 10.8% from the prior-year quarter's reported consensus mark for Planet Fitness' quarterly earnings has been unchanged in the past 30 days at 79 cents per share. The estimate indicates an increase of 11.3% from the year-ago quarter's actual. PLNT delivered an earnings surprise of 6.9% in the trailing four quarters, on Caribbean Cruises RCL currently has an Earnings ESP of +0.72% and a Zacks Rank of 3. RCL is likely to register growth in its top and bottom lines when it reports second-quarter 2025 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $4.55 billion, indicating 10.6% growth from the figure reported in the year-ago consensus estimate for Royal Caribbean's earnings is pegged at $4.10 per share, implying a 27.7% increase from the year-earlier quarter. The consensus mark for earnings has been upbound cents in the past 30 days. RCL has a trailing four-quarter earnings surprise of 8.7%, on average. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report V.F. Corporation (VFC) : Free Stock Analysis Report Ralph Lauren Corporation (RL) : Free Stock Analysis Report Planet Fitness, Inc. (PLNT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Out
21 hours ago
- Entertainment
- Time Out
NYC kids can learn to surf for free this summer thanks to Black Surfing Rockaway
As the Atlantic Ocean's waves crashed onto Rockaway Beach on a steamy morning this July, Lou Harris gathered a group of about a dozen kids to look closely at the formation of the water as it formed riptides. Harris, founder of the Black Surfing Association in the Rockaways, doesn't just teach kids to surf; he also teaches them to learn safety strategies in the powerful water on New York City's coastline. Affectionately called Mr. Lou, Harris teaches free surfing lessons to local kids, no matter their background or finances. Families can sign up here for free lessons that will teach their kids surf etiquette, how to pop up on the board and even how to catch waves. After the lesson on riptides, his legion of surfing newbies grabbed their boards, moved to a safer spot on the shore and paddled into the water to continue their training. Soon, kids were gliding atop the water with smiles on their faces and Mr. Lou's enthusiastic cheering in their ears. Harris, a Queens native, learned to surf in 2007 under the guidance of other surfers in the Rockaways. Then, years later, Harris heard a news story in 2014 about a kid in Coney Island who set fire to a mattress inside a public housing complex because he was bored. That fire ended up killing a police officer who responded to the blaze. The story stuck with Harris, and he wanted to do something to help local kids beat boredom. He founded Black Surfing Rockaway in 2016 and has been teaching free lessons ever since. The program is fully volunteer-led, with donations coming from sponsors including Vans, Red Bull, Dryrobes, Chinook and actor Jonah Hill; anyone can donate here. 'I don't care what you are. You're part of the crew.' 'Even though it's called Black Surfing Association, it's all kind of kids—white, Black, Asian, Muslim, I don't care what you are. You're part of the crew. Gay, straight, trans, I don't care,' Harris tells Time Out New York. View this post on Instagram A post shared by Black Surfing Rockaway (@black_surfing_rockaway) As a longtime baby sitter and camp counselor, Harris is a pro at working with kids—and both parents and students appreciate his encouraging energy. 'Once you yell at a kid, you lose them forever. I don't yell at them. I talk,' Harris says. 'I'm a big kid like them.' Self-proclaimed 'surf mom' Suzanne Cope was so inspired by Harris's teaching of her son, Rocco, that she decided to learn how to surf, as well. 'His voice, when the kid catches the wave, you hear him cheering. It's really so encouraging. He's just such a super positive person. Whatever's going on in his life, he leaves it on the shore, and he's just 100% in the moment,' Cope said. In addition to the thrill of watching her eight-year-old learn to ride a wave, Cope appreciates how Black Surfing Rockaway's lessons help kids learn to read the waves and how to spot rip currents. It's taught him intangible skills, too. 'It's like life. When you fall down, you get up again.' 'It really has taught my kid grit. Because you are doing a lot of work with very little reward. You're waiting, you're falling, your getting pummeled by the ocean. You could have an entire day out there and maybe stand up for a grand total of 10 seconds, and you still chase it. You still want to do better,' she tells Time Out. 'To have someone who is teaching you to keep trying and never give up and giving you that opportunity is really amazing.' For Black Surfing Rockaway, the surf season runs during the summer months when kids are out of school. Cope estimates that most students range in age from about 7 to 13. Even when they're not on the water, the surf community Harris built gets together for activities like beach cleanups and Thanksgiving meal distributions. View this post on Instagram A post shared by Black Surfing Rockaway (@black_surfing_rockaway) As one student said after his recent lesson, 'It's like life. When you fall down, you get up again.'
