VF Stock Surges After Q2 Sales Beat, Profit Swing

October 29, 2024

The parent company to Vans, The North Face and more brands reported that revenues for the quarter were down 6 percent to $2.8 billion, which surpassed the expectations of analysts surveyed by Yahoo Finance and represented improvement from Q1. Adjusted EPS was 60 cents compared to 63 cents in the same period the prior year.

VF’s stock was up more than 16 percent after markets closed on Monday.

By brand, sales at The North Face were $1.09 billon, down 3 percent from the prior year. The improving Vans brand, which in May tapped former Lululemon chief product officer Sun Choe as its new global brand president, saw sales decline 11 percent to $667.4 million. Timberland sales dropped 3 percent to $475.3 million and Dickies was down 11 percent to $152.4 million. yahoo!