Vans parent VF Corp's tariff warning dims upbeat quarterly sales forecast

Core Viewpoint - VF Corp forecasts fourth-quarter revenue above analysts' estimates, but shares fell 7% due to concerns over the impact of tariffs on its business [1][3]. Group 1: Financial Performance - VF Corp reported third-quarter revenue of $2.88 billion, exceeding analysts' average estimate of $2.76 billion [5]. - The company posted adjusted earnings of 58 cents per share, surpassing the estimate of 45 cents [5]. - For the fourth quarter, VF Corp expects revenue to be flat to up 2%, while analysts anticipated a 2.6% decline [5]. Group 2: Impact of Tariffs - The company sources about 85% of its products for sale in the U.S. from Southeast Asia and Central and South America, and anticipates a profit hit of approximately $100 million in fiscal 2026 due to tariffs [2]. - CEO Bracken Darrell indicated that tariffs are "just starting to hit" the business, and the company is working on mitigating these impacts [3]. Group 3: Brand Performance - The North Face and Timberland brands experienced an 8% growth across the Americas, Europe, and Asia during the holiday quarter [3]. - The Vans unit reported an 8% decline in sales, and there are concerns about its turnaround, particularly in the U.S. market [4].