Vans sneakers on beach
Source: Vans
Apparel maker VF Corp exceeded Wall Street’s quarterly sales expectations, boosted by higher demand for its Vans sneakers and outdoor wear brand North Face.
Net income fell to $128.8 million, or 32 cents per share, in the fourth quarter ended March 30, from $252.8 million, or 63 cents per share, a year earlier.
Total revenue rose 5.5% to $3.21 billion, edging past analysts’ estimate of $3.20 billion, according to IBES data from Refinitiv.
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