logo
Share SHARE
FONT-SIZE Plus   Neg

VF Corp. Issues FY17 Outlook - Quick Facts

While reporting its fourth-quarter financial results today, VF Corp. (VFC) provided its financial outlook for fiscal 2017.

The company forecast fiscal 2017 earnings per share to be down at a low single-digit percentage rate compared to 2016 adjusted earnings per share of $3.11.

In addition, the company forecast full-year revenue to increase at a low single-digit percentage rate including a 2 percentage point negative impact from changes in foreign currency.

On average, analysts polled by Thomson Reuters expect earnings of $3.32 per share for the year on revenues of $12.62 billion. Analysts' estimates typically exclude special items.

VF Corp. also projects 2017 gross margin to be 48.6 percent, which includes a 70 basis point negative impact from changes in foreign currency.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The recent week marked the lull before the storm, with very few market moving economic numbers released during the week. However, the economic news flow picks up pace in the upcoming week, offering glimpses into every vehicle of economic growth, ranging from consumers to private sector activity to housing.... Life expectancy at birth in the U.S. is already lower than most other developed nations and is now projected to fall further behind by 2030, according to a new study. It also suggests that by 2030, national female life expectancy in South Korea could break the 90 year barrier. Department store chain J.C. Penney Co. Inc. on Friday reported a turnaround to profit in the fourth quarter as a slight decline in sales was more than offset by lower expenses. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues slightly missed their estimates. Earlier today, J.C. Penny announced a plan to optimize its national retail operations.
comments powered by Disqus
Follow RTT