UPDATE 1-Vans sneaker maker VF misses sales estimates as supply chain disruptions bite
(Adds details on results, background, share price)
Oct 22 (Reuters) - VF Corp reported quarterly revenue on Friday that missed analysts' estimates as the Vans owner grappled with global supply chain disruptions and factory shutdowns in Vietnam.
The Denver-based company's shares were down 2.1% at $72 in premarket trading.
Months-long factory closures in Vietnam and a strained supply chain threaten to hit apparel makers as they are at risk of facing product shortages over the busy shopping period during the holiday season.
VF sources around 25% of its products from Vietnam, with the exposure likely higher for its largest brand Vans, Cowen analysts said earlier this month.
The company's total revenue rose 23% to $3.20 billion in the second quarter, compared with estimates of $3.50 billion, according to Refinitiv IBES.
VF's net income rose to $464.1 million, or $1.18 per share, in the quarter, from $256.7 million, or 66 cents per share a year earlier. (Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli and Shounak Dasgupta)