VF Corp. Stock Falls Despite North Face, Timberland Sales Growth

Core Insights - VF Corporation's shares declined despite reporting third-quarter earnings that exceeded expectations, with net income of $167.78 million or 43 cents per share, a significant improvement from a loss of $42.45 million in the same quarter last year [1][4] - The company achieved $2.83 billion in revenue, reflecting a year-over-year increase of approximately 2%, surpassing earlier projections of a slight decline [2][4] - CEO Bracken Darrell emphasized the need for improvement in sales and margins, indicating that the company aims for consistent double-digit operating margins and sustainable growth [3] Sales Performance - Sales growth was observed across all international regions, with North Face and Timberland experiencing increases of 5% and 11% respectively, while Vans sales decreased by 9% [4] - For the upcoming fourth quarter, VF Corporation anticipates a revenue decline of 4% to 6% compared to the same period last year, along with a projected adjusted operating loss of up to $30 million [3][4]