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Lululemon's stock surged 8% after reporting a 9% year-over-year sales increase, driven by strong international growth despite a slowdown in U.S. sales. The company expects holiday quarter revenue between $3.48 billion and $3.51 billion, with earnings per share projected at $5.56 to $5.64, surpassing analyst expectations. Amid challenges, including a competitive market and product launch missteps, Lululemon is focusing on profitability and has approved a $1 billion stock buyback program.
VF Corp., owner of Vans and other brands, has been downgraded to junk status by S&P Global Ratings due to declining revenues from its top four brands, including Vans and The North Face. The issuer credit rating was lowered from BBB- to BB, reflecting a less favorable view of the company's competitive position. The firm reported weak second-quarter sales for Vans, Dickies, and Timberland.
VF Corp., the parent company of Vans and North Face, reported quarterly revenue that exceeded Wall Street expectations, leading to a 19% surge in shares during postmarket trading on Monday. This positive performance comes after a year-to-date decline of 11% in share value.
V.F. Corporation, a leading apparel, footwear, and accessories company, boasts a diverse portfolio including brands like The North Face, Vans, and Timberland. It operates through three segments: Outdoor, Active, and Work, offering a range of products from performance-oriented outdoor gear to work-inspired clothing. The company also emphasizes its direct-to-consumer business through retail stores and e-commerce platforms.

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