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VF Corp. Withdraws Annual Forecast Due to Slowing Demand; Vans Sales Down 21%

VF Corp. Withdraws Annual Forecast Due to Slowing Demand; Vans Sales Down 21%

VF Corp withdrew its full-year revenue and profit forecasts on Monday, with demand for its higher-priced apparel and footwear easing as customers turn more cost conscious, especially in the United States.

Shares were down 4 percent in extended trading after VF Corp. also reported a lower-than-expected second-quarter profit.

High borrowing costs and still-high inflation have forced shoppers to move away from pricier products and spend their…


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