VF Corp. stock downgraded by Telsey Advisory on Q1 miss

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Dana Telsey News

Telsey Advisory Group,VF Corporation,Julie Hyman

Telsey Advisory Group's Dana Telsey has downgraded VF Corporation (VFC) to Market Perform from Outperform. Telsey calls the company's first quarter results a...

) to Market Perform from Outperform. Telsey calls the company's first quarter results a"sizable" miss, with revenue, gross margins, and operating expenses falling short of consensus.So VF Corps, obviously owner of Vans, Dickie's Timberland, uh, report a loss and another core of falling sales as we we talked about yesterday.

But she said since then in her note, the company's two largest brands, Vans and the North Face have remained under significant pressure, driving the overall top line decline.I mean, they own a lot of different, something like a half dozen different brands.They didn't reveal what the review found.Long time, Uh, retail analyst uh, cut this name to sell says his transformation plan has clearly got a long way to go before it gets the core brands working again.

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