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Here's What Key Metrics Tell Us About V.F. (VFC) Q3 Earnings
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For the quarter ended December 2023, V.F. (VFC - Free Report) reported revenue of $2.96 billion, down 16.2% over the same period last year. EPS came in at $0.57, compared to $1.12 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.26 billion, representing a surprise of -9.31%. The company delivered an EPS surprise of -27.85%, with the consensus EPS estimate being $0.79.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how V.F. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- Americas: $1.59 billion versus $1.87 billion estimated by three analysts on average.
Geographic Revenue- EMEA: $912.30 million versus the three-analyst average estimate of $1.03 billion.
Geographic Revenue- APAC: $461.60 million compared to the $481.26 million average estimate based on three analysts.
Revenue- Active: $999.40 million versus $1.06 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -20.6% change.
Revenue- Outdoor: $1.74 billion compared to the $1.98 billion average estimate based on four analysts. The reported number represents a change of -13.2% year over year.
Revenue- Work: $222.31 million compared to the $236.71 million average estimate based on four analysts. The reported number represents a change of -17.3% year over year.
Revenue by Brand- Dickies: $147.90 million versus the three-analyst average estimate of $164.35 million.
Revenue by Brand- The North Face: $1.19 billion compared to the $1.31 billion average estimate based on three analysts.
Revenue by Brand- Vans: $668.20 million versus $732.95 million estimated by three analysts on average.
Revenue by Brand- Timberland: $473 million versus the three-analyst average estimate of $549.52 million.
Revenue by Channel- Direct-To-Consumer: $1.79 billion versus $1.81 billion estimated by two analysts on average.
Revenue by Channel- Wholesale: $1.17 billion versus the two-analyst average estimate of $1.45 billion.
Shares of V.F. have returned -4.6% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About V.F. (VFC) Q3 Earnings
For the quarter ended December 2023, V.F. (VFC - Free Report) reported revenue of $2.96 billion, down 16.2% over the same period last year. EPS came in at $0.57, compared to $1.12 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.26 billion, representing a surprise of -9.31%. The company delivered an EPS surprise of -27.85%, with the consensus EPS estimate being $0.79.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how V.F. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenue- Americas: $1.59 billion versus $1.87 billion estimated by three analysts on average.
- Geographic Revenue- EMEA: $912.30 million versus the three-analyst average estimate of $1.03 billion.
- Geographic Revenue- APAC: $461.60 million compared to the $481.26 million average estimate based on three analysts.
- Revenue- Active: $999.40 million versus $1.06 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -20.6% change.
- Revenue- Outdoor: $1.74 billion compared to the $1.98 billion average estimate based on four analysts. The reported number represents a change of -13.2% year over year.
- Revenue- Work: $222.31 million compared to the $236.71 million average estimate based on four analysts. The reported number represents a change of -17.3% year over year.
- Revenue by Brand- Dickies: $147.90 million versus the three-analyst average estimate of $164.35 million.
- Revenue by Brand- The North Face: $1.19 billion compared to the $1.31 billion average estimate based on three analysts.
- Revenue by Brand- Vans: $668.20 million versus $732.95 million estimated by three analysts on average.
- Revenue by Brand- Timberland: $473 million versus the three-analyst average estimate of $549.52 million.
- Revenue by Channel- Direct-To-Consumer: $1.79 billion versus $1.81 billion estimated by two analysts on average.
- Revenue by Channel- Wholesale: $1.17 billion versus the two-analyst average estimate of $1.45 billion.
View all Key Company Metrics for V.F. here>>>Shares of V.F. have returned -4.6% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.