Skip to main content

Market Overview

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

Share:
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."

 

Related Articles (COLM + PVH)

View Comments and Join the Discussion!

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

Latest Ratings

StockFirmActionPT
FSRMorgan StanleyMaintains40.0
NATJefferiesMaintains2.8
MEDDA DavidsonMaintains302.0
VICRBWS FinancialMaintains120.0
PSXMizuhoMaintains96.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com