Shares of VF Corp. rose 3.2 percent in pre-market trading after the company posted third-quarter results that bested Wall Street’s expectations and raised its full-year outlook.
VF said net income fell 22.5 percent to $386.1 million, or 97 cents a diluted share, from $498.5 million, or $1.19, a year ago. On an adjusted basis, excluding a noncash goodwill impairment charge, earnings per share from continuing operations were up 6 percent to $1.23. The noncash impairment charge is related to the Nautica brand in the amount of $105 million and $5 million of transaction and deal related expenses connected with its acquisition of Williamson-Dickie. The third quarter ended on Sept. 30.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion