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) generates a steady flow of news through earnings releases, portfolio actions and investor events tied to its portfolio of outdoor, active and workwear brands. Company press releases emphasize brands such as The North Face®, Vans® and Timberland®, and describe VF’s focus on products rooted in performance and elevated design, with an eye toward long-term value creation.
On this page, readers can follow VF’s announcements about quarterly and annual financial results, including presentations and press releases furnished via Form 8‑K. These updates often discuss segment performance in the Outdoor and Active reportable segments, the impact of transformation initiatives like the Reinvent program, and decisions by the Board of Directors regarding quarterly dividends.
News coverage also includes corporate and capital structure developments. Recent items have detailed VF’s agreement to sell, and subsequent completion of the sale of, the Dickies® brand to Bluestar Alliance LLC, as well as the earlier sale of the Supreme® brand business, which VF reports as discontinued operations. Other releases highlight VF’s participation in investor conferences, where management takes part in fireside chats that are webcast through the company’s investor relations site.
In addition, VF issues updates related to its brands, such as collaborations involving Vans®, and provides context on how these activities support brand positioning in the broader portfolio. Investors and followers of VFC stock can use this news feed to monitor financial performance communications, portfolio changes, capital allocation decisions and management’s public commentary over time.
On February 28, 2023, Vans announced a collaboration with Haribo, the renowned gummi candy brand, to launch the Vans x Haribo collection. This vibrant range includes footwear, apparel, and accessories inspired by Haribo's Goldbears, targeting both children and adults. Available from April 6, 2023, the collection features designs like Classic Slip-Ons and hoodies reflecting the joyous spirit of both brands. The collection promotes creative self-expression while reinforcing Vans' commitment to fun and exploration. The partnership celebrates Haribo's 100th anniversary, highlighting the unification of both brands' fandoms.
VF Corporation (NYSE: VFC) has announced the pricing of €500 million of unsecured senior notes, divided into two series: €500 million due in 2026 with a 4.125% coupon and €500 million due in 2029 with a 4.250% coupon. The offering, underwritten by major banks including J.P. Morgan and Goldman Sachs, is expected to close on March 7, 2023. The proceeds will fund general corporate purposes and support projects aligned with Sustainable Development Goals, such as investments in sustainable materials, renewable energy, and zero-waste initiatives. Annual updates on the use of proceeds will be published on the company's sustainability website.
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.
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