The company's revenue of $1.76 billion beat estimates of $1.70 billion, according to data compiled by LSEG. VF Corp posted a quarterly loss of 24 cents per share on an adjusted basis, compared with an estimated loss of 34 cents per share, owing to lower product costs and promotional activity.

Vans parent VF Corp (NYSE:VFC) stock gained in the premarket session on Wednesday after the company reported first-quarter results, which surpassed analyst expectations. The company reported quarterly adjusted earnings per share of 24 cents loss,