Shares of VF Corp. rose 4.5 percent in premarket trading after the company posted first-quarter results that easily beat Wall Street’s estimates for earnings per share and revenues, plus the firm also raised guidance for fiscal-year 2019.
For the quarter ended June 30, net income jumped 45.9 percent to $160.4 million, or 40 cents a diluted share, versus $109.9 million, or 27 cents, a year ago. Adjusted EPS was 43 cents, including contribution of 4 cents from acquisitions.
Exclusive: @tommyhilfiger has tapped 22-year-old actress @zendaya to be his newest collaborator and together they will launch a see-now-buy-now collection in February. Speaking to WWD about the project, the Spider-Man actress said: “Fashion is more than just wearing cool clothes. It’s a way to celebrate self-expression and individuality, which is extremely empowering. This is why I am proud to partner with Tommy Hilfiger.” Tap the link in bio for the full scoop. #TommyXZendaya #wwdfashion
Fashion is facing a blistering pace of technology, a complex economic backdrop, and shifting social mores, priorities, and lifestyles. WWD's annual CEO summit on Oct. 30 and 31, will be the meeting place for some of the sharpest minds in the business who will address how these forces affect a consumer. Speakers this year include Antoine Arnault, Virgil Abloh, Gabriela Hearst, and Olivier Rousteing. Tap the link in our bio to find out more. #wwdceosummit