=V.F. Corp (VFC) reported earnings on Fri 25 Oct 2019 (b/o)

V.F. Corp misses by $0.04, reports revs in-line; reaffirms FY20 EPS guidance, revs guidance; increases quarterly dividend 12% to $0.48/share

Reports Q2 (Sep) earnings of $1.26 per share, excluding non-recurring items, $0.04 worse than the S&P Capital IQ Consensus of $1.30; revenues rose 5.4% year/year to $3.39 bln vs the $3.42 bln S&P Capital IQ Consensus.

Co reaffirms guidance for FY20, sees EPS of $3.32-3.37 vs. $3.39 S&P Capital IQ Consensus; sees FY20 revs of $11.8 bln vs. $11.87 bln S&P Capital IQ Consensus.

VF's Board of Directors declared a quarterly dividend of $0.48 per share, reflecting a 12 percent increase over the previous quarter's dividend. This dividend will be payable on December 20, 2019, to shareholders of record on December 10, 2019.