North Face Owner’s Cold Winter
Not even North Face jackets can keep investors warm from the winter VF Corp. is experiencing. 🥶
The owner of North Face and Timberland reduced its revenue and earnings expectations for the second half of its fiscal year. It now expects full-year revenue to rise 3%-4% YoY, down from its previous forecast of 5%-6%. Its full-year earnings will now be $2.00-$2.20 per share vs. previous guidance of $2.40-$2.50 just a few weeks ago. 🔻