VF Corporation shares declined by as much as 15% in after-hours trading on Monday after the company withdrew the previous guidance concerning revenue and earnings for its fiscal 2024.
The owner of Timberland, The North Face and Vans brands posted its latest financial report for the second quarter of its fiscal 2024, showing that its loss per share widened to $1.16 from $0.31 documented a year ago. In addition, revenue declined 2% year over year in the second trimester.
Company stock pared earlier losses, falling 8.24% at 4:39 pm ET.
