Insight Report 3 minutes PremiumVF Corporation (VFC) 2Q19 Results: Beats Consensus and Raises Guidance Coresight Research October 23, 2018 Executive Summary VF Corporation’s fiscal 2Q19 sales rose 15.2% driven by a 26% gain at Vans and 12% growth in China. Revenues were $3.91 billion compared with the consensus estimate of $3.87 billion; fiscal 2Q19 EPS of $1.43 from continuing operations came in 7.5% above the $1.33 consensus estimate. Direct-to-Consumer (DTC) organic sales rose 13%, with digital sales up 31% and a mid-teen comps growth; including acquisitions, DTC and digital revenues increased by 19% and 48%, respectively. Fiscal 2019 (year ending March 30) guidance lifted: revenues by 11% (at the high end of previous guidance); and EPS by 16%, to $3.65 from $3.52–$3.57. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weinswig’s Weekly: Is the Metaverse Dead for Retail?September 2023 Leading Indicators of US Retail Sales: Strong Wage Growth and Labor Market Signal Positivity for Holiday SeasonUS Retail and E-Commerce—Uncovering Opportunities in a Changing Landscape: Highlights from the Market NavigatorFocus on Sustainable Fashion: China Consumer Tracker
