VF Corp. stock tumbles, withdraws 2024 earnings guidance

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VF Corporation (VFC) reported fiscal second-quarter results were about in line with Wall Street estimates, with revenue coming in slightly better than...

) reported fiscal second-quarter results were about in line with Wall Street estimates, with revenue coming in slightly better than expected, while earnings fell a little bit shy of expectations. The big news is that the apparel company is withdrawing its previous 2024 earnings and revenue guidance and has announced a turnaround strategy called"Reinvent." Yahoo Finance Live explains the details of the report.

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