VFC VF Corporation

By Kimberly Chin

VF Corp. (VFC) said that its full year earnings guidance will be adjusted based on the company's best estimates of its financial results after the spin-off of its jeans business.

Last month, the company's shareholders approved the separation of its jeans business into a newly-formed, independent company called Kontoor Brands Inc. VF said it will no longer retain ownership interest in the new company, and it will be reflected in future financial statements as discontinued operations.

For fiscal year 2020, the company expects revenue in the range of $11.7 billion to $11.8 billion, excluding the impact of acquisitions net of divestitures.

VF expects adjusted earnings for the year to be between $3.30 and $3.35 a share.

Shares of VF fell 8.8% in premarket trading.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

May 22, 2019 08:00 ET (12:00 GMT)

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