VF Corporation (VFC, Financial), the parent company of Vans, saw its stock rise over 9%, reaching $29.02, the highest level since February 2023. This surge follows the announcement of the company's financial results for the third quarter of fiscal year 2025.
VF Corp reported net revenue of $2.83 billion, an increase from $2.78 billion in the same period last year, surpassing analysts' expectations of $2.75 billion. Adjusted earnings per share came in at $0.62, significantly higher than the $0.45 reported last year and beating the forecasted $0.34.
Despite the positive results, VF Corp anticipates a 4% to 6% decline in revenue for the fourth quarter. However, the company has raised its free cash flow guidance for fiscal year 2025 to $440 million.
