Apparel, Accessories and Luxury Goods Stocks Q2 Earnings Review: VF Corp (NYSE:VFC) Shines

StockStory10-08

Apparel, Accessories and Luxury Goods Stocks Q2 Earnings Review: VF Corp (NYSE:VFC) Shines The end of an earnings season can be a great time to discover new stocks and assess how companies are ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2473942136?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/vh6c3IRRGR3ThcpldyMj7g--~B/aD03MDA7dz0xNDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/stockstory_922/c827f21375e24377fe4eefd74f4bbdc3","is_english":true,"pubTime":"2024-10-08 15:14","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2473942136","market":"us","top_or_hot":-1,"title":"Apparel, Accessories and Luxury Goods Stocks Q2 Earnings Review: VF Corp (NYSE:VFC) Shines","media":"StockStory","content":"<div>\n<p>Apparel, Accessories and Luxury Goods Stocks Q2 Earnings Review: VF Corp (NYSE:VFC) Shines \n \n\nThe end of an earnings season can be a great time to discover new stocks and assess how companies are ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apparel-accessories-luxury-goods-stocks-071400247.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apparel, Accessories and Luxury Goods Stocks Q2 Earnings Review: VF Corp (NYSE:VFC) Shines</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApparel, Accessories and Luxury Goods Stocks Q2 Earnings Review: VF Corp (NYSE:VFC) Shines\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-08 15:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apparel-accessories-luxury-goods-stocks-071400247.html><strong>StockStory</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apparel, Accessories and Luxury Goods Stocks Q2 Earnings Review: VF Corp (NYSE:VFC) Shines \n \n\nThe end of an earnings season can be a great time to discover new stocks and assess how companies are ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apparel-accessories-luxury-goods-stocks-071400247.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NYSE","symbol_name":"纽交所","start_time":0,"source_url":"https://finance.yahoo.com/news/apparel-accessories-luxury-goods-stocks-071400247.html","article_id":"2473942136","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/vh6c3IRRGR3ThcpldyMj7g--~B/aD03MDA7dz0xNDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/stockstory_922/c827f21375e24377fe4eefd74f4bbdc3"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473942136","pubTimestamp":1728371640,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how VF Corp  and the rest of the apparel, accessories and luxury goods stocks fared in Q2.Within apparel and accessories, not only do styles change more frequently today than decades past as fads travel through social media and the internet but consumers are also shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some apparel, accessories, and luxury goods companies have made concerted efforts to adapt while those who are slower to move may fall behind.The 17 apparel, accessories and luxury goods stocks we track reported a slower Q2. As a group, revenues missed analysts’ consensus estimates by 1.4% while next quarter’s revenue guidance was 12.6% below.In light of this news, apparel, accessories and luxury goods stocks have held steady with share prices up 3.7% on average since the lates","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NYSE":"纽交所","SFIX":"Stitch Fix Inc.","VFC":"威富集团","TDUP":"ThredUp Inc.","UAA":"安德玛公司A类股","UA":"安德玛公司C类股"},"translate_title":"服装、配饰和奢侈品股票第二季度收益回顾：VF Corp（纽约证券交易所股票代码：VFC）大放异彩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NYSE":1,"VFC":1,"SFIX":0.9,"TDUP":0.9,"UA":0.9,"UAA":0.9},"content_text":"Apparel, Accessories and Luxury Goods Stocks Q2 Earnings Review: VF Corp (NYSE:VFC) Shines \n \n\nThe end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how VF Corp (NYSE:VFC) and the rest of the apparel, accessories and luxury goods stocks fared in Q2.\nWithin apparel and accessories, not only do styles change more frequently today than decades past as fads travel through social media and the internet but consumers are also shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some apparel, accessories, and luxury goods companies have made concerted efforts to adapt while those who are slower to move may fall behind. \nThe 17 apparel, accessories and luxury goods stocks we track reported a slower Q2. As a group, revenues missed analysts’ consensus estimates by 1.4% while next quarter’s revenue guidance was 12.6% below. \nThe Fed cut its policy rate by 50bps (half a percent) in September 2024, the first in roughly four years. This marks the end of its most pointed inflation-busting campaign since the 1980s. While CPI (inflation) readings have been supportive lately, employment measures have bordered on worrisome. The markets will be assessing whether this rate cut's timing (and more potential ones in 2024 and 2025) is ideal for supporting the economy or a bit too late for a macro that has already cooled too much. \n In light of this news, apparel, accessories and luxury goods stocks have held steady with share prices up 3.7% on average since the latest earnings results. \nBest Q2: VF Corp (NYSE:VFC)\n Owner of The North Face, Vans, and Supreme, VF Corp (NYSE:VFC) is a clothing conglomerate specializing in branded lifestyle apparel, footwear, and accessories. \nVF Corp reported revenues of $1.77 billion, down 10.1% year on year. This print fell short of analysts’ expectations by 4.1%. Overall, it was a decent quarter for the company with an impressive beat of analysts’ constant currency revenue estimates. \n\n\n\nInterestingly, the stock is up 20.8% since reporting and currently trades at $19.84. \nIs now the time to buy VF Corp? Access our full analysis of the earnings results here, it’s free.\nStitch Fix (NASDAQ:SFIX)\nOne of the original subscription box companies, Stitch Fix (NASDAQ:SFIX) is an online personal styling and fashion service that curates personalized clothing selections for customers. \nStitch Fix reported revenues of $319.6 million, down 12.4% year on year, in line with analysts’ expectations. The business performed better than its peers, but it was unfortunately a softer quarter with revenue guidance for next quarter missing analysts’ expectations. \n\n\n\nAlthough it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 27.9% since reporting. It currently trades at $2.70. \nIs now the time to buy Stitch Fix? Access our full analysis of the earnings results here, it’s free.\nWeakest Q2: ThredUp (NASDAQ:TDUP)\nFounded to revolutionize thrifting, ThredUp (NASDAQ:TDUP) is a leading online fashion resale marketplace that offers a wide selection of gently-used clothing and accessories. \nThredUp reported revenues of $79.76 million, down 3.5% year on year, falling short of analysts’ expectations by 3.3%. It was a disappointing quarter as it posted revenue guidance for next quarter missing analysts’ expectations and a miss of analysts’ earnings estimates. \nAs expected, the stock is down 52.7% since the results and currently trades at $0.82. \nRead our full analysis of ThredUp’s results here. \nUnder Armour (NYSE:UAA)\nFounded in 1996 by a former University of Maryland football player, Under Armour (NYSE:UAA) is an apparel brand specializing in sportswear designed to improve athletic performance. \nUnder Armour reported revenues of $1.18 billion, down 10.1% year on year. This print topped analysts’ expectations by 3.9%. Overall, it was a very strong quarter as it also logged an impressive beat of analysts’ earnings estimates. \nThe stock is up 32% since reporting and currently trades at $8.55. \nRead our full, actionable report on Under Armour here, it’s free. \nKontoor Brands (NYSE:KTB)\nFounded in 2019 after separating from VF Corporation, Kontoor Brands (NYSE:KTB) is a clothing company known for its high-quality denim products. \nKontoor Brands reported revenues of $606.9 million, down 1.5% year on year. This number surpassed analysts’ expectations by 2.3%. It was a strong quarter as it also produced an impressive beat of analysts’ constant currency revenue estimates and a decent beat of analysts’ earnings estimates. \nKontoor Brands achieved the highest full-year guidance raise among its peers. The stock is up 13.3% since reporting and currently trades at $79.55. \nRead our full, actionable report on Kontoor Brands here, it’s free. \n Join Paid Stock Investor Research\nHelp us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2473942136"}