Apparel and footwear maker VF Corp forecasts fourth-quarter revenue above estimates, but shares drop 7% due to concerns over tariffs impacting business. The company has taken steps to mitigate tariff impact, but expects a profit hit of $100 million in fiscal 2026. CEO Bracken Darrell remains optimistic about mitigating tariffs in fiscal 2027.

Despite a strong holiday-quarter performance, VF Corp is facing challenges with its Vans unit, which reported an 8% decline in sales. The company is also streamlining operations by shedding underperforming units like Dickies. Analysts are uncertain about Vans’ turnaround prospects, especially in the key U.S. market.

VF Corp reported third-quarter revenue of $2.88 billion, surpassing analysts’ estimates. Adjusted earnings per share were 58 cents, beating the estimate of 45 cents. The company expects fourth-quarter revenue to be flat to up 2%, while analysts predicted a 2.6% decline. Investors are closely monitoring the impact of tariffs on the company’s performance.

Read more at Yahoo Finance: Vans parent VF Corp’s tariff warning dims upbeat quarterly sales forecast