VF Corp (VFC) shares plummeted 5.18% in Tuesday's trading session, despite the company reporting better-than-expected second-quarter results. The sharp decline reflects investor concerns over the company's weak outlook for the third quarter and ongoing challenges with its Vans brand.

The apparel and footwear maker posted Q2 revenue of $2.80 billion, surpassing analysts' estimates of $2.74 billion. Adjusted earnings per share came in at $0.52, also beating the expected $0.45. However, the company's forecast for the third quarter dampened enthusiasm, projecting a 1% to 3% decline in sales compared to the previous year.

A key factor contributing to the stock's decline is the continued underperformance of VF Corp's Vans brand. Revenue for Vans fell 9% from the previous year, highlighting ongoing challenges in revitalizing this important segment. CEO Bracken Darrell acknowledged the issue, stating that the company is "continuing to moderate" sales declines for the brand. The persistent struggles of Vans, coupled with a cautious outlook, appear to have overshadowed the positive Q2 results, leading to the significant stock price drop.