VF Corporation Stock Jumps 4.6% after Its Fiscal 4Q16 Results
VFC has increased its dividends for the last 44 consecutive years. In fiscal 2016, it returned ~$1.6 billion to investors through dividends and share buybacks.
VFC is covered by 23 Wall Street analysts who have a neutral view on the company. Plus, 26% of these analysts recommended a “buy,” 61% recommended a “hold,” and 13% recommended a “sell” on the stock.
VFC’s gross margin is likely to remain flat at 48.6% and would include 70 basis points of negative impact from currency adjustments.
For fiscal 2016, VFC’s adjusted earnings per share rose 2% to $3.11. On a constant currency basis, the increase was ~7%.
After reporting flat top-line growth in fiscal 2016, VF Corporation’s (VFC) management is looking for a low single-digit percentage increase in the company’s fiscal 2017 top line.
Revenues from VFC’s Outdoor and Action Sports segment rose 2% YoY to $2.1 billion, slightly below the company’s expectations.
VFC’s Jeanswear segment, which includes its iconic Lee and Wrangler brands, recorded a 5.4% year-over-year decline in 4Q16 sales to $697 million.
VF Corporation’s (VFC) Outdoor & Action Sports revenues grew 2% in fiscal 2016 to $7.5 billion.
VF Corporation’s (VFC) top line from continuing operations remained almost flat during fiscal 4Q16. Its total revenues stood at ~$3.3 billion, missing Wall Street estimates by $120 million.
VF Corporation’s D2C revenues rose 11% YoY, gaining strength from a mid-teen surge in the Outdoor & Action Sports and a low double-digit rise in Jeanswear.
VF Corporation (VFC) reported its results for fiscal 4Q16 and fiscal 2016 on February 17, 2017. VFC’s earnings per share increased 2.1% to $0.97 while its total revenues fell 3.6% YoY to ~$3.3 billion.
Kate Spade New York (KATE) reported a 10% rise in its 4Q16 sales to $471 million. Its 4Q16 comps stood at 9.3%, compared to 3Q16’s 7% and 2Q16’s 4% comps growth.
KATE’s strict cost-control measures resulted in a 390-basis-point fall in its selling, general, and administrative rate, which fell to 39.1% of its sales in 4Q16 from 43.0% in 4Q15.
Kate Spade New York’s stock price made big strides yesterday after the company confirmed that it was reviewing strategic alternatives while reporting its 4Q16 results.
New York–based Kate Spade (KATE) reported its 4Q16 results on February 16, 2017. The company’s earnings per share stood at $0.41.
The 30 analysts who cover Gap (GPS) have a neutral to negative view on the company.
Weak same-store sales and a poor bottom-line performance have affected Gap’s stock market returns over the last two years.
Gap (GPS) has witnessed a slowdown in sales over the last two to three years.
Gap’s (GPS) business has been under pressure during the last several quarters.
Gap (GPS) is slated to release its financial results for 4Q16 and 2016 on Thursday, February 23, 2017.