Does VF Corp. have a third-quarter problem? Investors think so. VF’s second quarter bested Wall Street’s consensus estimates, but investors sent shares of VF down 12.2 percent to $14.58 at market close on Tuesday.
Dana Telsey, chief investment officer at Telsey Advisory Group, described VF’s second-quarter report as “solid.” The outdoor segment saw 4 percent growth, while the active business is still under pressure as the “Vans turnaround remains a work-in-progress,” she said.
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