V.F. Corp Stock Price, News & Analysis

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 The call will last for 90 minutes and will be accessible live online at ir.vfc.com, with an archived version also available.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, The VF Foundation, announced over $8 million in grants and more than $24 million in total donations, impacting 3 million people across 73 countries from March 29, 2020 to April 3, 2021. The report emphasizes four priorities: equitable outdoor access, inclusive leadership in apparel, self-expression, and disaster relief. Notable partnerships include The Trust for Public Land and the United Nations Foundation. Since 2002, the Foundation has granted nearly $60 million globally.

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.