VF Corporation shares rose 10.9% last week to close at $62.16 on Friday after the company upped guidance based on stronger-than-anticipated results in the domestic jeanswear business and continued “very strong momentum” in the Outdoor Coalition. VFC now sees a 12% to 14% increase in first quarter earnings per share, a substantial improvement from its earlier Q1, which called for EPS to be “up slightly” over the $1.00 diluted EPS reported in Q1 last year. Sales are still expected to increase approximately 5% in the quarter. EPS estimates are exclusive of a 10 cents per share expense related to stock-based compensation.
