Latest news with #apparel
Yahoo
36 minutes 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
Yahoo
5 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
5 hours ago
- Business
- Yahoo
Q1 Earnings Outperformers: Gap (NYSE:GAP) And The Rest Of The Apparel Retailer Stocks
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at apparel retailer stocks, starting with Gap (NYSE:GAP). Apparel sales are not driven so much by personal needs but by seasons, trends, and innovation, and over the last few decades, the category has shifted meaningfully online. Retailers that once only had brick-and-mortar stores are responding with omnichannel presences. The online shopping experience continues to improve and retail foot traffic in places like shopping malls continues to stall, so the evolution of clothing sellers marches on. The 9 apparel retailer stocks we track reported a mixed Q1. As a group, revenues beat analysts' consensus estimates by 0.8% while next quarter's revenue guidance was in line. While some apparel retailer stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.1% since the latest earnings results. Gap (NYSE:GAP) Operating under the Gap, Old Navy, Banana Republic, and Athleta brands, Gap (NYSE:GAP) is an apparel and accessories retailer selling casual clothing to men, women, and children. Gap reported revenues of $3.46 billion, up 2.2% year on year. This print exceeded analysts' expectations by 1.3%. Overall, it was a very strong quarter for the company with a solid beat of analysts' EBITDA estimates and a decent beat of analysts' EPS estimates. "Gap Inc. delivered strong first quarter results, exceeding financial expectations and gaining market share for the 9th consecutive quarter," said President and Chief Executive Officer, Richard Dickson. Unsurprisingly, the stock is down 28.8% since reporting and currently trades at $19.89. Is now the time to buy Gap? Access our full analysis of the earnings results here, it's free. Best Q1: Urban Outfitters (NASDAQ:URBN) Founded as a purveyor of vintage items, Urban Outfitters (NASDAQ:URBN) now largely sells new apparel and accessories to teens and young adults seeking on-trend fashion. Urban Outfitters reported revenues of $1.33 billion, up 10.7% year on year, outperforming analysts' expectations by 2.5%. The business had a stunning quarter with an impressive beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Urban Outfitters achieved the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 27.6% since reporting. It currently trades at $76.06. Is now the time to buy Urban Outfitters? Access our full analysis of the earnings results here, it's free. Weakest Q1: American Eagle (NYSE:AEO) With a heavy focus on denim, American Eagle Outfitters (NYSE:AEO) is a specialty retailer offering an assortment of apparel and accessories to young adults. American Eagle reported revenues of $1.09 billion, down 4.7% year on year, in line with analysts' expectations. It was a softer quarter as it posted a significant miss of analysts' EBITDA estimates and a significant miss of analysts' EPS estimates. Interestingly, the stock is up 3.2% since the results and currently trades at $11.54. Read our full analysis of American Eagle's results here. Victoria's Secret (NYSE:VSCO) Spun off from L Brands in 2020, Victoria's Secret (NYSE:VSCO) is an intimate clothing and beauty retailer that sells its own brands of lingerie, undergarments, and personal fragrances. Victoria's Secret reported revenues of $1.35 billion, flat year on year. This print surpassed analysts' expectations by 0.8%. Zooming out, it was a satisfactory quarter as it also logged a solid beat of analysts' EPS estimates but a significant miss of analysts' gross margin estimates. Victoria's Secret scored the highest full-year guidance raise among its peers. The stock is down 10.2% since reporting and currently trades at $19.94. Read our full, actionable report on Victoria's Secret here, it's free. Torrid (NYSE:CURV) Promoting a message of body positivity and inclusiveness, Torrid Holdings (NYSE:CURV) is a plus-size women's apparel and accessories retailer. Torrid reported revenues of $266 million, down 4.9% year on year. This number came in 1.6% below analysts' expectations. Overall, it was a slower quarter as it also produced a significant miss of analysts' gross margin estimates and EBITDA guidance for next quarter missing analysts' expectations significantly. Torrid had the weakest performance against analyst estimates and weakest full-year guidance update among its peers. The stock is down 47.5% since reporting and currently trades at $2.62. Read our full, actionable report on Torrid here, it's free. Market Update In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. 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
Bloomberg
5 hours ago
- Business
- Bloomberg
VF Corp Jumps After Earnings Beat as Turnaround Takes Hold
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 showing results. 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.
Yahoo
6 hours ago
- Business
- Yahoo
Vans parent VF Corp beats quarterly revenue estimates on improving demand
(Reuters) -VF Corp beat first-quarter revenue estimates on Wednesday, helped by an uptick in demand for its apparel and footwear products, sending its shares up about 13% in premarket trading. The Denver, Colorado-based company's efforts to introduce new collections across brands, including The North Face, helped boost sales, which had been declining over the past few quarters. VF Corp, which relies heavily on Southeast Asian manufacturing, has been taking steps to soften the tariff impact, such as speeding up production and shipments into the U.S. during the 90-day pause, working with suppliers to cut costs and exploring strategic pricing moves. The company's revenue of $1.76 billion beat estimates of $1.70 billion, according to data compiled by LSEG. VF Corp posted a quarterly loss of 24 cents per share on an adjusted basis, compared with an estimated loss of 34 cents per share, owing to lower product costs and promotional activity. Sign in to access your portfolio
