VF Corp Shares Drop Despite Beating Sales Targets and Raising Guidance
Macro·1 article across 1 outlet
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VF Corp shares fell as persistent weakness in Vans sales in the company’s first quarter overshadowed a modest rise in the company’s full-year guidance.
The company lost less money and beat sales targets, but the stock sank anyway.
VF Corp
Sources
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SourceReports the news
“VF Corp shares sank as persistent weakness in Vans sales in the company’s first quarter overshadowed a modest rise in the company’s full-year guidance.”
Bloomberg — Vans Maker Slumps as Brand Weakness Overshadows Upbeat Outlook“Vans owner VF Corp lost less money and beat sales targets — but the stock sank anyway”
quartz — Vans owner VF Corp lost less money and beat sales targets — but the stock sank anyway