VF Corp Trips Over Vans Slowdown
In its first full quarter free from the Wrangler and Lee denim business spinoff, VF Corp (NYSE: VFC) stumbled as sales from its Vans sneaker business decelerated in the quarter. Although the brand still posted double-digit currency adjusted growth of 16% over the year-ago period, it was markedly lower from the 27% gains reported a year ago and even the 23% increase of last quarter.
Coupled with VF coming in short of Wall Street's revenue and earnings estimates, the market tripped up VF's stock, sending it 7% lower. Let's see whether that's an opportunity for investors.
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Source Fool.com
