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VF Corporation reports 13% YoY revenue dip, stock price tanks

VF Corporation, which owns Vans, The North Face, and Timberland, reported a 13% YoY decline in revenue to $2.4 billion for the fourth fiscal quarter ending March 30. The net loss widened from $214.9 million in the same period last year to $418.3 million. By brand, The North Face’s revenue decreased by 5% YoY to $814 million, Vans dropped 26% to $631 million, and Timberland and Dickies recorded declines of 14% and 15% to $342 million and $162 million, respectively. Other brands, including Supreme and Icebreaker, saw a 3% YoY drop to $424 million. Following the earnings release, VF Corporation’s stock price fell by 11.3% to $10.94.

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