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V.F. Corporation

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V.F. Corp surpassed the industry in the past month driven by its robust surprise trend, which continued in first-quarter fiscal 2019. The company reported better-than-expected earnings and revenues in the fiscal first quarter, which marked its fourth top and bottom line beat in the last five quarters. Results gained from solid trends at its core brands (Vans and The North Face) and contributions from acquisitions. The company also witnessed strong growth at its international and direct-to-consumer businesses, as well as Active and Work segments. Further, the company’s 2021 growth strategy, which focuses on business transformation and solid shareholder returns, bodes well. Additionally, the company’s raised view for fiscal 2019 drives optimism. However, weakness in the wholesale and jeans businesses remain concerns. Further, negative currency translations have been weighing on its quarterly performances, which is likely to continue.


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