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

Quick Facts

Editors Pick
Social media app Snapchat has introduced a new location service, Snap Map, that will allow users of the app to see the location of all their friends on a map. The new feature will essentially allow a user to see where his friends are hanging out and what they are up to and also share his own location with friends in real time. The U.S. has suspended all imports of fresh beef from Brazil due to recurring concerns about the safety of the products. The suspension of shipments from Brazil, the fifth largest exporter of beef to the U.S., will remain in place until the Brazilian Ministry of Agriculture takes corrective action, the U.S. Department of Agriculture or USDA said in a statement. The annual Federal stress test was cleared by 34 top banks. The result shows strong capital levels and the ability of large banks to remain capitalized even in stressed situations. The Federal Reserve noted that these banks will be able to lend to households and businesses even at severe recession and throughout the economic cycle.
comments powered by Disqus
Follow RTT