VF shares drop about 20% on weak Vans and CFO departure

VFC VF Corp

$17.15 -1.78%

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1. 1VF Corporation (VFC) shares fell roughly 20% on Wednesday after a wider-than-expected loss, declining Vans revenue, and the announcement of its CFO's departure
2. 2First-quarter revenue fell 5% year-over-year to $1.67 billion, beating expectations, but adjusted loss per share was $0.27 and Vans revenue declined 8%
3. 3The company raised its fiscal 2027 constant-currency revenue outlook to growth of more than 2%, but the stock was pushed down to its 2026 low, erasing its year-to-date gains

Source The Wall Street Journal +1 · View original ↗

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