VF: Q2 Earnings Insights

VF: Q2 Earnings Insights

VF VFC reported its Q2 earnings results on Wednesday, October 26, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

VF reported in-line EPS of $0.73 versus an estimate of $0.73.

Revenue was down $117.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.04 which was followed by a 8.01% drop in the share price the next day.

Here's a look at VF's past performance:

 

Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate 0.13 0.46 1.21 1.15
EPS Actual 0.09 0.45 1.35 1.11
Revenue Estimate 2.25B 2.84B 3.61B 3.50B
Revenue Actual 2.26B 2.82B 3.62B 3.20B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

VF management provided guidance for Q2 2023, expecting earnings between $0.7 and $0.75 per share.

To track all earnings releases for VF visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings