12:56 PM EDT, 05/21/2025 (MT Newswires) -- VF (VFC) shares tumbled intraday Wednesday after the apparel and footwear company reported weaker-than-expected fiscal fourth-quarter revenue, weighed down mainly by the Vans brand.

Consolidated revenue fell 5% year over year to $2.14 billion for the quarter ended March 29 on a reported basis, and 3% on a constant currency basis, trailing the $2.17 billion consensus estimate on FactSet. Adjusted loss narrowed to $0.13 a share from $0.30 a year earlier. Wall Street was looking for a $0.14 loss.

The company's shares were down 12% in Wednesday afternoon trade. The stock has lost 41% in value so far this year.

By brand, Vans sales slumped 22%, while Dickies dropped 14%. Timberland and the North Face logged gains.

"Adjusting for the revenue impact to Vans from deliberate strategic actions to establish a strong foundation for future growth and improved profitability, the decline in the brand's (fourth-quarter) revenue was consistent with the (third-quarter) trend," Chief Executive Bracken Darrell said in a statement.

The company delivered on its initial target of $300 million gross cost savings and is on course to its medium-term goals of $500 million to $600 million net operating income expansion, Darrell said.

For the ongoing quarter, VF sees revenue to be down 3% to 5% on a constant dollar basis, with adjusted operating loss pegged at $110 million to $125 million.

"We expect Vans in (the first quarter) to be similar to the (fourth-quarter) trend due to the additional actions we've executed on stores and wholesale value channels," Chief Financial Officer Paul Vogel said on an earnings conference call, according to a FactSet transcript. "As a result of these actions, the revenue trend in the first half of fiscal 2026 is expected to be slightly below the second half of fiscal 2025."

Despite the tariffs-induced macro uncertainty, the company is "well-positioned" to manage any potential headwinds, Darrell said on the call. "We have an asset-light model which gives us great flexibility to move things and adjust quickly." Over the last several years, VF has diversified its supply chain and lowered its US finished goods sourced from China to less than 2%, Darrell added.

US President Donald Trump announced sweeping new import tariffs in early April, but later declared a 90-day pause on certain duties for non-retaliating countries. The US and China recently agreed to suspend most duties on each other's goods for a period of 90 days.

Price: 12.75, Change: -1.69, Percent Change: -11.68