V.F. Corp - VFC STOCK NEWS

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®.

Anthony Van Engelen introduces AVE 2.0, showcasing innovation in skateboarding and footwear. Global Gallery tour to start in Los Angeles on March 28.

VF Corporation appoints Caroline Brown to its Board of Directors, enhancing apparel industry expertise. Brown's extensive experience in global fashion brands brings valuable insights to VF's strategic direction and growth plans.

VF Corporation (NYSE: VFC) reported a disappointing 16% decrease in revenue for Q3'FY24, with a loss per share of $(0.11) compared to earnings per share of $1.31 in Q3'FY23. The company is implementing a transformation plan called Reinvent to stabilize and grow revenue, improve operational performance, and right-size the company's cost structure. The company's strategic portfolio review aims to ensure long-term brand value, and the company reaffirmed its free cash flow guidance for FY24 of approximately $600 million.

VF Corporation (VFC) is set to release its third quarter fiscal 2024 financial results on February 6th, 2024. The company's management will host a conference call to review the results, which will be broadcast live on the Internet. Investors can access the archived version on ir.vfc.com.

Vans Presents Vans Pipe Masters December 8 - 20, 2023 on the North Shore of Oahu, featuring top tuberiders in surfing's Colosseum. The event incorporates local art, supports Hawaiian organizations, and offers equal prize money for men and women. Vans partners with Sustainable Coastlines of Hawai'i for waste diversion program.

VF Corporation (NYSE: VFC) Releases Fiscal Year 2023 Environmental & Social Responsibility Report 'Purpose. Driven.' Detailing progress against environmental and social targets, inclusion, diversity, equity, and action (IDEA) content, and brand initiatives. Key highlights include increased representation of BIPOC employees in leadership positions, improved sourcing of recycled polyester, launch of VF's Pride employee resource group in APAC, and progress in worker and community development program.