VF Corp. Pulls Full-Year Guidance on Vans Weakness. The Stock Drops.

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The Vans turnaround is taking longer than expected, the company said Monday.

VF Corp. missed second-quarter earnings estimates and pulled its guidance for fiscal 2024, sending the stock lower in after-hours trading.

“Despite pockets of continued strong performance throughout the first half and solid profit margins in the second quarter, it’s not enough and we are not making sufficient progress at Vans or in the U.S.,” said Matt Puckett, the company’s chief financial officer, in a news release.

 

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