Why Vans and The North Face Owner VF's Stock Is Plunging Monday
VF(VFC) Investopedia·2024-10-22 01:05
Key Takeaways Shares of Vans and The North Face owner VF Corporation slid Monday as JPMorgan put the apparel giant on its "Negative Catalyst Watch" list. JPMorgan analysts told clients after field work and discussions with management, they cut their estimate for VF's fiscal 2025 earnings per share. The analysts pointed to "wholesale challenges" with The North Face, and "ongoing traffic headwinds" across brands. Shares of Vans and The North Face owner VF Corporation (VFC) slumped Monday as JPMorgan put the a ...