By Davit Kirakosyan

VF Corp. (NYSE:) shares rose more than 3% after-hours following the company’s reported , which came in worse than the Street expectations, while 2023 guidance beat the estimates.

Quarterly EPS for Q4 was $0.45, against $0.46 consensus. Revenue was $2.8B (up 9 percent year-over-year) compared with the consensus estimate of $2.84B. The North Face® revenue grew 24% year-over-year to $0.8 billion, and Vans® revenue was flat at $1.0 billion.

According to its 2023 outlook, the company expects EPS between $3.30 and $3.40 in comparison with the consensus estimate at $3.20. In constant dollars, the company anticipates that revenue growth will be at least 7 percent.

V.F. shares down 39% The results showed that Corp was down by 39% over the year.