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) reported a strong financial performance for Q4'FY22 with revenue hitting $2.8 billion, a 9% increase. The North Face® brand surged 24% in revenue while Vans® remained steady. Full fiscal year revenue reached $11.8 billion, marking a 28% rise. EPS jumped 242% to $3.10. Despite a slight gross margin decline, operating margin improved significantly. For FY23, VF anticipates at least 7% revenue growth, with a cautious outlook on global inflation and COVID-19 impacts. Shareholder returns are robust, with over $1.1 billion returned in cash dividends and share repurchases.
VF Corporation (NYSE: VFC) has been recognized as the top company in the Consumer Durables & Apparel Industry and 14th overall in 3BL Media's 100 Best Corporate Citizens ranking. This acknowledgment highlights VF's commitment to sustainability, demonstrated by its greenhouse gas reduction targets and investments in renewable energy. VF aims to improve the lives of 2 million workers by 2030 and has achieved traceability for 100 of its brands' iconic products. The ranking evaluates companies based on 155 ESG factors.
VF Corporation (NYSE: VFC) will release its fourth quarter fiscal 2022 financial results on May 19, 2022 at approximately 4:05 p.m. ET. A conference call will follow at 4:30 p.m. ET, featuring key executives including CEO Steve Rendle and CFO Matt Puckett. The call will last for 90 minutes and will be accessible live online at ir.vfc.com, with an archived version also available. VF Corporation, founded in 1899, is a leading global company in apparel, footwear, and accessories.
VF Corporation's philanthropic arm,
VF Corporation (NYSE: VFC) has appointed Kevin Bailey as the Global Brand President of Vans, marking his return to the brand after several leadership roles at VF. Previously, Bailey served as President of Vans from 2009 to 2016, during which time revenue grew to $2.2 billion. He will report to CEO Steve Rendle and is expected to focus on revitalizing Vans' global growth. Bailey replaces Doug Palladini, who held the position since 2016, and has been thanked for his contributions to the brand during his tenure.
Vans launches its artist-first brand campaign, "These Projects Are Ads for Creativity", emphasizing creative expression through various art forms. The campaign empowered over 60 artists in 2021, and the 2022 edition focuses on uplifting Black voices and communities. Featured projects include collaborations with the nonprofit STOKED and the punk band RadKey, showcasing music and community engagement. Vans aims to celebrate diverse creativity throughout the year, with a commitment to supporting artists and their projects.
VF Corporation (NYSE: VFC) reported a 22% increase in revenue from continuing operations for Q3, reaching $3.6 billion. Excluding acquisitions, revenue rose 15%. Growth was driven by the Active segment (up 25%) and Outdoor segment (up 23%), despite a 6% decline in Greater China revenue. Adjusted earnings per share increased 45% to $1.35, with full-year revenue guidance raised to approximately $11.85 billion. The company returned $500 million to shareholders and plans to continue dividend payments amidst ongoing challenges related to COVID-19.
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