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.
Last night, June 21, Vans concluded its week-long Paris event with a grand celebration at Sacré-Coeur, blending skateboarding, art, and music. The 'OTW by Vans Checkered Future' event featured a large-scale skate bowl installation designed with PLAYLAB, INC. and California Skateparks. Vans' global skate team, including athletes like Efron Danzig and Curren Caples, showcased their skills. DJ performances by notable artists like Kaytranada and JUSTICE added to the event's vibrancy.
Earlier in the week, Vans celebrated the launch of the AVE 2.0 and hosted a skate photography exhibition by Atiba Jefferson. These events were attended by notable figures such as Emily Ratajkowski and Bella Poarch. Vans aims to elevate skateboarding culture and blend it with key cultural moments through these events, embodying the spirit of innovation and community.
VF (NYSE: VFC) has announced the appointment of Caroline Brown as Global Brand President of The North Face®, effective the week of June 10, 2024. Brown, who succeeds Nicole Otto, has resigned from the VF Board as a result.
Additionally, Mindy Grossman and Kirk Tanner have been appointed as independent directors on the VF Board, effective May 30, 2024. They will stand for re-election at the 2024 Annual Meeting of VF Shareholders. Benno Dorer will not stand for re-election at this meeting.
Caroline Brown brings extensive experience in the fashion and apparel sector, having held leadership roles at companies like Donna Karan International and Carolina Herrera. Mindy Grossman has a background in digital health and retail, while Kirk Tanner has held significant roles at PepsiCo.
These appointments are part of VF's strategic efforts to bolster brand growth and innovation, aligning with its Reinvent strategy.
VF (NYSE: VFC) has appointed Sun Choe as the Global Brand President of Vans, effective late July. Choe brings nearly 30 years of experience in the apparel industry, having previously worked with brands like lululemon, Marc Jacobs, and Levi's. At lululemon, Choe served as Chief Product Officer, overseeing significant revenue growth and expansion into new product lines. VF 's CEO Bracken Darrell expressed confidence in Choe's ability to drive Vans' growth and enhance shareholder value. Choe is enthusiastic about leveraging Vans' brand identity and customer loyalty to foster long-term consumer relationships.
On May 30, 2024, Vans Global Skateboarder Arisa Trew made history by becoming the first woman to land a 900. This achievement comes after her groundbreaking milestone in 2023 when she became the first woman to land a 720 and win double gold at X Games California 2023. At only 14, Arisa Trew has also earned the 2024 Laureus World Sports Award for Action Sports Person of the Year. Her latest feat follows her previous record as the first woman to land a Switch 540. Vans, a brand under VF (NYSE: VFC), continues to support and inspire the action sports community through its culture-driven initiatives.
VF (NYSE: VFC) announced the appointment of Paul Vogel as Chief Financial Officer, effective July 8, 2024. Vogel will replace Matt Puckett, who is stepping down. Vogel brings extensive experience from his previous role as CFO of Spotify Technology, where he significantly improved the company's financial health, nearly doubling revenue and users while expanding margins and cash flow. VF's CEO, Bracken Darrell, emphasized Vogel's operational and financial expertise, expecting him to drive VF’s return to profitable growth. Vogel expressed excitement about leveraging VF's strong brand portfolio and innovative culture to enhance growth and value creation for shareholders. The company also thanked Matt Puckett for his 23 years of service.
VF (NYSE: VFC) reported its Q4 FY24 financial results, noting a 13% revenue decline to $2.4 billion. Key brand performance showed The North Face down 5% and Vans down 26%. Gross margin decreased to 48.4%, while operating margin fell to -15%. EPS was $(1.08), adjusted EPS $(0.32). FY24 total revenue was $10.5 billion, down 10%, with EPS at $(2.49) and adjusted EPS at $0.74. VF exceeded cash flow expectations, generating $1.015 billion in operating cash flow and $804 million in free cash flow. Guidance for FY25 includes approximately $600 million in free cash flow from non-core asset sales.
VF (NYSE: VFC) will announce its fourth quarter fiscal 2024 financial results on May 22nd, 2024, followed by a conference call to review results. VF , founded in 1899, is a leading active-lifestyle company with popular brands like Vans®, The North Face®, and Timberland®.
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