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V.F. (VFC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2023, V.F. (VFC - Free Report) reported revenue of $3.03 billion, down 1.5% over the same period last year. EPS came in at $0.63, compared to $0.73 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3 billion, representing a surprise of +1.31%. The company delivered an EPS surprise of -3.08%, with the consensus EPS estimate being $0.65.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how V.F. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- Americas: $1.57 billion versus $1.69 billion estimated by three analysts on average.
Geographic Revenue- EMEA: $1.06 billion compared to the $943.77 million average estimate based on three analysts.
Geographic Revenue- APAC: $403.70 million versus $417.86 million estimated by three analysts on average.
Revenue- Active: $1.08 billion versus the four-analyst average estimate of $1.09 billion. The reported number represents a year-over-year change of -14.1%.
Revenue- Outdoor: $1.71 billion compared to the $1.67 billion average estimate based on four analysts. The reported number represents a change of +10.2% year over year.
Revenue- Work: $238.27 million versus the four-analyst average estimate of $221.61 million. The reported number represents a year-over-year change of -10.1%.
Revenue by Brand- Dickies: $171.40 million versus the three-analyst average estimate of $164.81 million.
Revenue by Brand- The North Face: $1.13 billion versus $1.06 billion estimated by three analysts on average.
Revenue by Brand- Vans: $748.80 million versus $792.06 million estimated by three analysts on average.
Revenue by Brand- Timberland: $488.60 million versus $505.48 million estimated by three analysts on average.
Revenue by Channel- Direct-To-Consumer: $1.11 billion versus the two-analyst average estimate of $1.18 billion.
Revenue by Channel- Wholesale: $1.92 billion versus $1.82 billion estimated by two analysts on average.
Shares of V.F. have returned -4.4% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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V.F. (VFC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, V.F. (VFC - Free Report) reported revenue of $3.03 billion, down 1.5% over the same period last year. EPS came in at $0.63, compared to $0.73 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3 billion, representing a surprise of +1.31%. The company delivered an EPS surprise of -3.08%, with the consensus EPS estimate being $0.65.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how V.F. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenue- Americas: $1.57 billion versus $1.69 billion estimated by three analysts on average.
- Geographic Revenue- EMEA: $1.06 billion compared to the $943.77 million average estimate based on three analysts.
- Geographic Revenue- APAC: $403.70 million versus $417.86 million estimated by three analysts on average.
- Revenue- Active: $1.08 billion versus the four-analyst average estimate of $1.09 billion. The reported number represents a year-over-year change of -14.1%.
- Revenue- Outdoor: $1.71 billion compared to the $1.67 billion average estimate based on four analysts. The reported number represents a change of +10.2% year over year.
- Revenue- Work: $238.27 million versus the four-analyst average estimate of $221.61 million. The reported number represents a year-over-year change of -10.1%.
- Revenue by Brand- Dickies: $171.40 million versus the three-analyst average estimate of $164.81 million.
- Revenue by Brand- The North Face: $1.13 billion versus $1.06 billion estimated by three analysts on average.
- Revenue by Brand- Vans: $748.80 million versus $792.06 million estimated by three analysts on average.
- Revenue by Brand- Timberland: $488.60 million versus $505.48 million estimated by three analysts on average.
- Revenue by Channel- Direct-To-Consumer: $1.11 billion versus the two-analyst average estimate of $1.18 billion.
- Revenue by Channel- Wholesale: $1.92 billion versus $1.82 billion estimated by two analysts on average.
View all Key Company Metrics for V.F. here>>>Shares of V.F. have returned -4.4% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.