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 reports developments for a branded apparel, footwear and accessories portfolio centered on outdoor, active and workwear categories. Its brands include The North Face, Vans and Timberland, and its products are sold through wholesale channels, e-commerce and branded retail stores operated by the company and partners.
Recurring VFC news includes fiscal earnings releases, conference-call schedules, investor conference appearances, board dividend actions, brand-portfolio updates and supply-chain initiatives. Company announcements also cover retail technology and inventory-visibility programs tied to product availability, omnichannel operations and brand protection across its global store and distribution network.
VF Corporation (NYSE: VFC) announced a definitive merger agreement with streetwear brand Supreme®. Current investors, The Carlyle Group and Goode Partners, are divesting their stakes. The merger is expected to close by late 2020, pending regulatory approval. VF aims to leverage Supreme®'s unique brand identity and enhance its digital business model. CEO Steve Rendle emphasized the strategic alignment with VF's vision for growth, while Supreme®'s founder, James Jebbia, will continue to lead the brand, ensuring its culture remains intact.
Vans announced the second-annual Vans Checkerboard Day, set for November 19, 2020, focusing on creativity's role in mental health. Following a global isolation period, Vans aims to raise awareness for mental well-being through creative expression. The brand will donate $1 million to 10 global charities supporting youth mental health initiatives. Events include a #VansCheckerboardDay TikTok challenge with brand ambassadors like Tony Hawk participating. Fans can also contribute by purchasing limited-edition merchandise, with proceeds aiding mental health charities.
VF Corporation (NYSE: VFC) announced its Q2 fiscal 2021 results, reporting a revenue drop of 18% to $2.6 billion due to COVID-19 impacts and store closures. The gross margin decreased by 340 basis points to 50.8%. Adjusted earnings per share were $0.67, down 55% year-over-year. However, VF raised its dividend to $0.49 per share, highlighting resilience with a return to growth expected in Q4. The company projects annual revenue of at least $9 billion, while adjusted free cash flow is expected to exceed $600 million.
Summary not available.
VF Corporation (NYSE: VFC) has announced key organizational changes to enhance the alignment of its Core and Emerging Brands. All brand leaders will now report directly to CEO Steve Rendle. The new leadership includes Doug Palladini for Vans, Steve Murray for The North Face, and Martino Scabbia Guerrini for Timberland, while Kevin Bailey oversees the Asia Pacific Region and Emerging Brands. These changes aim to better manage brand performance and foster sustainable growth across all markets.
VF Corporation (NYSE: VFC) will release its second quarter fiscal 2021 financial results on October 16, 2020, at 6:55 a.m. ET. This will be followed by a conference call at 8:30 a.m. ET to discuss the results. The call will be accessible live on the Internet at ir.vfc.com, with an archived version available later. VF Corporation, established in 1899, is a leading global company in apparel and footwear, featuring well-known brands like Vans and The North Face, emphasizing sustainable lifestyles and stakeholder value.