Why VF Corp Stock Just Dropped 10%

Shareholders of VF Corp (NYSE: VFC) stock are having a very bad day.

The apparel company behind such iconic brands as Vans shoes, Timberland boots, and North Face jackets announced its fiscal third-quarter 2020 earnings this morning. Sales of $3.4 billion narrowly missed analyst expectations of $3.43 billion in sales, while "adjusted" earnings of $1.23 per share edged out analyst predictions of only $1.21. Now, VF stock is down an even 10% as of 1:30 p.m. EST.

Why?

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Source Fool.com