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Jim Cramer On VF Corp's Earnings: 'They Really Delivered'

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Jim Cramer On VF Corp's Earnings: 'They Really Delivered'

Shares of VF Corp (NYSE: VFC) were trading higher by around 0.70 percent Tuesday after the company reported its first-quarter results.

VF Corp said it earned $0.61 per share in the first quarter on revenue of $2.8 billion. Wall Street analysts were expecting the company to earn $0.58 per share on revenue of $2.8 billion.

CNBC's Jim Cramer commented on VF Corp's quarterly print Tuesday morning. He suggested that VF Corp's stock would normally be trading higher following a solid quarterly print in which the company "really delivered." However, the overall market is heavily selling off on Tuesday with the Dow index briefly suffering a 200-plus point loss.

Related Link: Citi's 6 Favorite Picks In The Apparel, Footwear Space

Cramer highlighted VF Corp's North Face segment which "is back," as the brand grew its revenue by 6 percent year-over-year.

Cramer continued that VF Corp's peers, including Columbia Sportswear Company (NASDAQ: COLM) and PVH Corp (NYSE: PVH) "didn't deliver bad numbers" in their respective quarterly prints.

"Yesterday, retail was doing really well," Cramer said. "But today oil is down, and when oil is down people just say the economy can't be good, and they don't want to own apparel."

Cramer suggested that investors aren't "focused on" apparel stocks, but "they really should be."

Posted-In: ApparelAnalyst Color Earnings Long Ideas News Movers Media Trading Ideas

 

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