10 Stocks Crashing Hard Despite Highly Optimistic Market

4. VF Corporation (NYSE:VF)

VF Corporation snapped a seven-day winning streak on Tuesday, losing 12.22 percent to end at $14.58 apiece after posting a bleak outlook for the third quarter of the fiscal year.

In an updated report, VF Corporation (NYSE:VF) said it expects revenues in the third quarter of the fiscal period to decline by 1 to 3 percent year-on-year.

The company will only benefit from the tariff-induced price hikes in the fourth quarter of the period, according to Chief Finance Officer Paul Vogel.

“We haven’t really raised prices yet… there’s really nothing in Q2, very little in Q3, the pricing really comes in Q4… we’re going to have the impact of tariffs hit us the most in Q3,” he said.

In the second quarter, VF Corporation (NYSE:VF) saw net income soar by 264 percent to $189.76 million from $52.18 million in the same period last year. Revenues grew by 3.7 percent to $2.8 billion from $2.7 billion year-on-year.

“Looking ahead, we will continue to focus on generating value across our brands and returning the company to sustainable and profitable growth,” said VF Corporation (NYSE:VF) President and CEO Bracken Darrell.