Welcome to our dedicated page for V.F. news (Ticker: VFC), a resource for investors and traders seeking the latest updates and insights on V.F. 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.
VF Corporation (NYSE: VFC) has appointed Benno Dorer as the Interim President and CEO following Steve Rendle's retirement. Dorer aims to lead the company amidst challenges including weaker consumer demand and an elevated promotional environment, especially in North America. The FY23 revenue growth outlook has been revised down to 3-4% from the previous 5-6%, with adjusted diluted EPS expected between $2.00 and $2.20, significantly lower than last year's $3.18.
The Board is actively searching for a permanent CEO.
Vans is set to host the Vans Pipe Masters from December 8-20, 2022, on the North Shore of Oahu. The event will feature 60 elite male and female surfers, half of whom are from Hawaii, competing for a total prize purse of $420k. Vans emphasizes community engagement with equal prize distribution and focuses on sustainability through partnerships with local organizations. Additionally, Vans will highlight female surfers' stories during the contest. This event aims to inspire future generations of surfers while celebrating the legacy of the iconic Pipeline.
VF Corporation (NYSE: VFC) reported Q2'FY23 results, revealing a revenue decline of 4% to $3.1 billion, despite a 2% increase in constant dollars. The North Face® saw an 8% revenue rise, while Vans® revenue dropped 13%. Gross margin decreased to 51.4%, and EPS was $(0.31), down 126% from the prior year. For FY23, revenue outlook remains at a 5%-6% growth in constant dollars, but adjusted EPS guidance was reduced to $2.40-$2.50. The company also highlighted a significant 88% increase in inventories driven by in-transit stock adjustments.
VF Corporation (NYSE: VFC) will announce its second quarter fiscal 2023 financial results on October 26, 2022, at approximately 4:05 p.m. ET. A conference call to discuss these results will follow at 4:30 p.m. ET, with a live broadcast available online. VF Corporation is a leading active-lifestyle company known for popular brands such as Vans, The North Face, Timberland, and Dickies. The company aims to promote sustainable and active lifestyles while creating value for stakeholders.
VF Corporation (NYSE: VFC) has introduced its long-term strategic growth plan for FY27, aiming to enhance shareholder value. The plan targets a revenue CAGR of mid- to high single digits and an operating margin of approximately 15% by FY27. The company anticipates a cumulative cash return to shareholders of about $7 billion through dividends and share repurchases from FY23 to FY27. The FY23 revenue outlook has been revised to an increase of 5% to 6%, with adjusted EPS projected between $2.60 and $2.70, down from $3.18 in FY22 due to various market challenges.
VF Corporation (NYSE: VFC), renowned for its lifestyle apparel and footwear, is hosting an Investor Day on September 28, 2022, in
VF Corporation (NYSE: VFC) reported Q1'FY23 results, achieving revenue of $2.3 billion, up 3% year-over-year (7% in constant dollars). The North Face® performed well with a 31% revenue increase, while Vans® saw a 7% decline. Gross margin decreased by 260 basis points to 53.9%, with operating margin shrinking to 2.8%. Earnings per share (EPS) reported at $(0.14), down 137%. VF maintains its FY23 revenue outlook at a minimum of 7% growth in constant dollars, but adjusted EPS guidance has been revised down to $3.05-$3.15 due to currency fluctuations.
VF Corporation (NYSE: VFC) is set to announce its first quarter fiscal 2023 financial results on July 28, 2022, at approximately 4:05 p.m. ET. Following the press release, management will hold a conference call at 4:30 p.m. ET to discuss the results. The call will be streamed live and an archived version will be available online. VF Corporation, founded in 1899, is a leading global apparel and footwear company, known for its brands like Vans and The North Face, aiming to promote sustainable and active lifestyles.
The 2022 Vans US Open of Surfing returns to Huntington Beach from July 30 to August 7, showcasing surf, skateboarding, and BMX competitions. This nine-day festival will feature a variety of family-friendly activities and community events, all free to the public. The event emphasizes environmental responsibility, integrating eco-conscious initiatives throughout. Highlights include surfboard workshops, art installations, and the World Surf League's Challenger Series. Additionally, youth surf camps will be hosted in partnership with local non-profits.
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