VF Corporation (NYSE:VFC) stock tumbled Wednesday after the apparel maker reported mixed first-quarter results, as a wider-than-expected adjusted loss overshadowed a revenue beat and a higher full-year sales outlook.
VF Corp.
Reports Mixed First-Quarter Results The company reported an adjusted loss of 27 cents per share, wider than analysts' expectations for a loss of 22 cents.
Revenue fell 5% year over year to $1.67 billion, beating the consensus estimate of $1.64 billion.
Excluding Dickies, revenue increased 1% from a year earlier and was flat on a constant-currency basis, outperforming the company's guidance for a low-single-digit constant-currency decline.
