Vans sneaker maker VF sales stumble on supply hurdles – Reuters

Vans sneaker maker VF sales stumble on supply hurdles – Reuters

Oct 22 (Reuters) - VF Corp (VFC.N) missed Wall Street estimates for quarterly results on Friday, as the Vans owner grappled with a resurgence of COVID-19 infections in Vietnam and China and disruptions to its supply chain that led to product delays.

The Delta variant-driven spike in coronavirus cases has shut factories in Vietnam, a key manufacturing hub for several brands including VF, Nike Inc (NKE.N) and Adidas AG (ADSGn.DE), forcing them to halt production or operate with drastically fewer workers.

"Virtually all of our brands are experiencing delayed collections, styles and, in some cases, insufficient size assortment," VF's Chief Financial Officer Matt Puckett said on an earnings call.