CNBC’s Jim Cramer said Tuesday that the company behind Vans, The North Face and Timberland has a promising blueprint to turn around its fortunes.its fiscal year revenue and profit forecasts. The stock resumed a sell-off that began with Friday’s more than 5% decline.
While acknowledging the near-term challenges due to a more cost-conscious consumer, Cramer said on “Squawk on the Street” that new CEO Bracken Darrell’s plan to overhaul the company should lift the stock down the road.(LOGI) as a reason to give him the benefit of the doubt. The executive previously led P&G’s recovery plans for the consumer product giant’s Old Spice brand.
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Bracken Darrell Makes His Move to ‘Reinvent’ at VFThe CEO said “the U.S. isn’t working well” and that “there are no sacred cows” at the Vans, The North Face and Supreme parent. Read more ⮕
New VF Corp CEO talks plans to improve business, including Vans turnaroundAfter a disappointing quarterly report, new VF Corp CEO Bracken Darrell told CNBC’s Jim Cramer how he will get the company back on track. Read more ⮕
VF Corp. Pulls Full-Year Guidance on Vans Weakness. The Stock Drops.The Vans turnaround is taking longer than expected, the company said Monday. Read more ⮕
