Big apparel and footwear merchants are increasingly trying to switch from ocean to air transport to make up for huge production slowdowns in Vietnam due to COVID and ensure seasonal imports arrive on time for holiday shoppers.
VF (NYSE:VFC) reported quarterly earnings of $0.27 per share which beat the analyst consensus estimate of $0.10 by 170 percent. This is a 147.37 percent increase over losses of $(0.57) per share from the same period last
VF (NYSE:VFC) posted Q4 earnings of $122.49 million, an increase from Q3 of 70.27%. Sales dropped to $2.58 billion, a 13.09% decrease between quarters. In Q3, VF earned $412.00 million, and total sales reached $2.97 billion.