BUZZ-VF Corp rises after quarterly results beat on strong demand

Reuters
07-30
BUZZ-VF Corp rises after quarterly results beat on strong demand

** Shares of Vans parent VF Corp VFC.N up 20.2% at $14.90 premarket

** Co reports Q1 revenue of $1.76 billion, narrowly above estimates of $1.70 billion - data compiled by LSEG

** Posts quarterly adjusted loss per share of 24 cents, compared with estimates of a 34 cents loss

** Quarterly results were helped by an uptick in demand for co's apparel and footwear, following its efforts to introduce new collections across brands, including The North Face, whose sales had been declining over the past few quarters

** Up to last close, stock has fallen ~42% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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