DENVER (AP) — DENVER (AP) — V.F. Corp. (VFC) on Wednesday reported a loss of $119.3 million in its fiscal fourth quarter.
On a per-share basis, the Denver-based company said it had a loss of 30 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, came to less than 1 cent on a per-share basis.
The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The maker of brands such as Vans, North Face and Timberland posted revenue of $2.17 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $2.13 billion.
For the year, the company reported profit of $254.9 million, or 64 cents per share. Revenue was reported as $9.61 billion.
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