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Shares are trading down this morning as VFC reported earnings of $1.01 vs. estimates of $1.02. Revenues were up 20% but still missed estimates slightly. All-in-all, not a bad quarter, the market may be overreacting just a bit.

Some highlights:

Changing the end of their fiscal year from December to March.

Sold its Licensed Sports Group business (Majestic brand), to Fanatics, Inc.

Sold its Brands businesses (7 For All Mankind, Splendid and Ella Moss), to Delta Galil Industries Ltd.

Declared a quarterly dividend of 46¢, in line with the previous.

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