VFC

Shares of diversified apparel firm V.F. Corp (NYSE:VFC) have been quick to retreat following the one-two punch to the gut of investors that saw CEO Steve Rendle depart alongside a freshly lowered full-year forecast. Revenue is now expected to rise 3-4%, down from 5-6%. In addition, earnings are expected in the $2.00-$2.20 per share range, down from $2.40-$2.50. As the stock looks to retest multi-year lows, questions linger as to how the firm will hold up in a recession and if it can sustain its now 7%-yielding dividend.
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