Why VF Corp Stock Tumbled Today

VF Corporation's stock plummeted 17.73% after reporting a wider-than-expected adjusted operating loss of $95 million in Q1, with adjusted loss per share widening to $0.27 versus consensus of $0.22. While the company beat revenue guidance and raised full-year guidance slightly, investors were concerned about continued weakness in the Vans brand (down 8%) and a CFO transition. The North Face showed resilience with 6% growth.