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.
VF Corporation (NYSE: VFC), parent company to iconic brands including Vans, The North Face, and Timberland, maintains this centralized news hub for investors and industry observers. Access official press releases and curated updates about strategic initiatives across the apparel leader's global operations.
This resource provides essential updates on earnings reports, leadership changes, sustainability efforts, and brand portfolio developments. Users can track VFC's multichannel retail strategies, product innovations, and market expansions through verified announcements.
Key content includes financial disclosures, partnership announcements, and operational updates across active, outdoor, and workwear segments. All materials are sourced directly from corporate communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to VF Corporation's latest developments. Combine these updates with SEC filings and market analysis for comprehensive investment research.
VF Corporation (NYSE: VFC) reported Q3'FY23 results with revenue of $3.5 billion, a 3% decline, though up 3% in constant dollars. EPS decreased by 1% to $1.31, with adjusted EPS down 17% to $1.12. The company declared a quarterly dividend of $0.30, marking a 41% reduction from the previous quarter. The North Face® brand saw a 7% revenue increase, while Vans® decreased by 13%. VF aims for a 3% revenue growth for FY23. Actions include reducing the dividend, optimizing the portfolio, and enhancing operational performance. The company expects adjusted EPS between $2.05 and $2.15 for FY23.
VF Corporation (NYSE: VFC) is set to announce its third quarter fiscal 2023 financial results on February 7, 2023, at approximately 4:05 p.m. ET. Following the release, management will conduct a conference call at 4:30 p.m. ET to discuss the results. The call will be accessible live via the company's investor relations website, with an archived version available later. VF Corporation, established in 1899, is a leading global active-lifestyle company, known for its portfolio of renowned brands including Vans, The North Face, Timberland, and Dickies. Visit vfc.com for more details.
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.
