cryptoroninnftgame| U.S. stocks change| Weifu fell about 6.3% Q4 unexpectedly recorded adjusted loss per share

2024-05-23

North, Vans brand parent company Weifu Company (VFCcryptoroninnftgame.US) fell about 6.5%cryptoroninnftgame, quoted at $11.55. Weifu's sales in the fourth quarter of fiscal 2024 fell 13% year-on-year to US$2.37 billion, lower than analysts 'expectations of US$2.42 billion, reflecting sluggish demand for clothing and footwear amid tight consumer spending; adjusted loss per share was $0.32, while analysts expected a profit per share of $0.01. Sales in the Americas, the company's largest market, fell 22% during the period. In addition, the company announced the appointment of Paul Vogel, a former veteran of streaming platform Spotify Technology, as its new chief financial officer, effective July 8.

cryptoroninnftgame| U.S. stocks change| Weifu fell about 6.3% Q4 unexpectedly recorded adjusted loss per share