Welcome to our dedicated page for V.F. Corporation news (Ticker: VFC), a resource for investors and traders seeking the latest updates and insights on V.F. Corporation stock.
V.F. Corporation (NYSE: VFC) is a global leader in the apparel, footwear, and accessories industry, outfitting consumers worldwide with its diverse portfolio of iconic lifestyle brands. Founded in 1899, VF Corporation has grown to become one of the largest companies in its sector, renowned for its socially and environmentally responsible operations.
VF's brand portfolio includes well-known names such as Vans®, The North Face®, Timberland®, Wrangler®, and Lee®. These brands cater to a variety of consumer needs, from active and outdoor apparel to workwear. VF Corporation designs, produces, and distributes these brands across the Americas, Europe, and the Asia-Pacific region through multiple channels, including wholesale sales to retailers, e-commerce platforms, and a network of branded stores owned by both the company and partners.
Recent achievements highlight VF's innovative spirit and commitment to excellence. For instance, Vans global skateboarder Arisa Trew made history in 2023 by becoming the first woman to land a 720 on a skateboard and later, a Switch 540. She clinched the Women's Skateboard Vert gold at X Games California 2023 and subsequently became the youngest X Games double gold medalist at 13. Her relentless pursuit of progression in skateboarding continues to inspire future generations.
VF Corporation is committed to delivering long-term value to its customers and shareholders. This commitment is reflected in its ongoing projects and partnerships, aimed at enhancing product innovation and sustainability. The company’s robust financial condition further supports its goals of growth and expansion.
For the latest updates and detailed information about VF Corporation, visit their official website at www.vfc.com.
Vans announces the 2024 Vans Pipe Masters surfing competition, scheduled for December 8-20, 2024, on Oahu's North Shore. The event features equal prize money of $300,000 for men and women competitors, with half the invitees being Hawaii residents and Native Hawaiians. The competition follows an innovative leaderboard format with three rounds, where surfers aim for their three highest-scoring rides before the top four advance to finals. The event emphasizes environmental responsibility through partnership with Sustainable Coastlines Hawai'i, which helped divert 80% of waste from landfills in 2023.
VF (NYSE: VFC) announced its FY25 Investor Day, introducing medium-term financial targets for fiscal year 2028. Under the Reinvent transformation program, the company aims to enhance profitability and create sustainable shareholder value. The strategy focuses on performance-anchored brands, investing in six key capabilities, and optimizing P&L structure. Key financial targets include: adjusted operating margin of at least 10%, adjusted gross margin of at least 55%, adjusted SG&A of 45% or lower, and net leverage of 2.5x or below. The company prioritizes debt reduction while maintaining quarterly cash dividends.
VF (NYSE: VFC) reported Q2 FY25 financial results with revenue of $2.8 billion, down 6% year-over-year, showing improvement from Q1's 10% decline. The company's gross margin increased 120 basis points to 52.2%, while operating margin decreased 210 basis points to 9.9%. Key brand performance showed The North Face down 3% and Vans down 11%. Following the Supreme divestiture, VF paid down its $1 billion term loan. For Q3 FY25, the company expects revenue between $2.7-2.75 billion, down 1-3% year-over-year. The Board declared a quarterly dividend of $0.09 per share.
VF (NYSE: VFC) has announced plans to host an investor event on October 30, 2024 at 10:00 a.m. ET in New York City. This in-person, invitation-only event will feature presentations from executive management on corporate strategy and plans for returning to value creation. The presentation will be broadcast live online and archived for later viewing at ir.vfc.com.
VF , founded in 1899, is a global leader in apparel, footwear, and accessories. The company owns iconic brands such as Vans®, The North Face®, Timberland®, and Dickies®. VF's purpose is to promote sustainable and active lifestyles while creating value for stakeholders and using the company as a force for good.
VF (NYSE: VFC) has announced the date for its second quarter fiscal 2025 earnings release and conference call. The company plans to release its financial results on Monday, October 28th, 2024 at approximately 4:05 p.m. ET, followed by a conference call at 4:30 p.m. ET to review the results. The call will be broadcast live on the Internet and accessible at ir.vfc.com. An archived version will also be available at the same location for those unable to listen live.
VF , founded in 1899, is a global leader in apparel, footwear, and accessories, owning iconic brands such as Vans®, The North Face®, Timberland®, and Dickies®. The company's purpose is to promote sustainable and active lifestyles while creating value for all stakeholders and using its influence as a force for good.
Vans (NYSE: VFC) is hosting a block party at Vans Skate Space 198 in Brooklyn on September 7, 2024, during New York Fashion Week. This event celebrates NYC's skate culture and Vans' 'Always Pushing' ethos. The all-day party features:
- Open skate sessions and skate jams with cash prizes
- Free skate lessons by KCDC and Sk8Babes
- 'Off the Wall' community market with local brands
- Appearances by Vans Skateboarding team members
- DJ performances and food vendors
The event concludes with a nighttime 'skate rave' featuring ghettotech music. This celebration aligns with Vans' global efforts to support skateboarding culture, following recent events in Paris and Toronto. The block party is free to attend with RSVP.
VF (NYSE: VFC) reported its first-quarter fiscal 2025 results, highlighting a quarterly per share dividend of $0.09. Total revenue at $1.9 billion reflected a 9% decline year-over-year (8% in constant dollars). Key brand performance included:
- The North Face down 3%
- Vans down 21%
- Timberland down 10%
- Dickies down 15%
- Other Brands up 8%
Gross margin was 52.0%, down 80 basis points, and the operating margin was -12.6%, down 1,220 basis points. The company reported a loss per share of $(0.67) compared to $(0.15) in Q1'FY24.
Inventory decreased by 24% year-over-year, and net debt reduced by approximately $587 million to $5.3 billion. VF reiterated its FY25 free cash flow guidance of $600 million, excluding the impact of the Supreme divestiture.
A quarterly dividend of $0.09 per share is payable on September 18, 2024, to shareholders who are on record by September 10, 2024.
Fat Tire and Vans have announced a summer collaboration, unveiling edition Vans Checkerboard pattern on Fat Tire beer cans and exclusive merchandise. This collection includes Vans Classic Slip-On Checkerboard Shoes with a custom Fat Tire design, a coordinating hat, socks, and cooler, all available for preorder at DrinkFatTire.com.
The collaboration also features launch events in Denver, CO on July 26 and New York, NY on Aug. 19, with live music, custom merchandise, and a free beer for attendees wearing Vans. Proceeds from the collaboration will benefit Sustainable Coastlines Hawaii, a non-profit dedicated to ocean and beach conservation.
Fat Tire's Brand Manager, Taylor Boyd, emphasizes the shared values of quality and authenticity between the two brands.
VF (NYSE: VFC), a leading active-lifestyle company, has announced the release date for its first quarter fiscal 2025 financial results. The results will be disclosed on Tuesday, August 6th, 2024, at approximately 4:05 p.m. ET, followed by a conference call at 4:30 p.m. ET. Investors and interested parties can access the live broadcast of the conference call on the company's investor relations website at ir.vfc.com. An archived version will also be available for those unable to attend the live event.
VF , founded in 1899, owns popular brands such as Vans®, The North Face®, Timberland®, and Dickies®. The company focuses on connecting people with outdoor, active, workwear, and streetwear experiences, emphasizing sustainability and active lifestyles in its corporate purpose.
Vans, a VF brand (NYSE: VFC), has launched 'Always Pushing', a new global storytelling approach celebrating skateboarding culture and progression. Developed with creative director ALEX/2TONE, the campaign features Vans Skate team riders, legendary skaters, and various artists. It showcases content from cities worldwide, emphasizing the brand's 'Off the Wall' mindset.
The initiative aims to inspire Vans' community to shape the future and push cultural boundaries. It includes special products, events, and experiences, starting with The Bunt Jam in Toronto on July 19-20, 2024. Vans plans to integrate this campaign across fashion, sports, and cinema events, utilizing data-driven strategies to ensure authentic messaging.
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