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 (NYSE: VFC) has appointed Sun Choe as the Global Brand President of Vans, effective late July. Choe brings nearly 30 years of experience in the apparel industry, having previously worked with brands like lululemon, Marc Jacobs, and Levi's. At lululemon, Choe served as Chief Product Officer, overseeing significant revenue growth and expansion into new product lines. VF 's CEO Bracken Darrell expressed confidence in Choe's ability to drive Vans' growth and enhance shareholder value. Choe is enthusiastic about leveraging Vans' brand identity and customer loyalty to foster long-term consumer relationships.
On May 30, 2024, Vans Global Skateboarder Arisa Trew made history by becoming the first woman to land a 900. This achievement comes after her groundbreaking milestone in 2023 when she became the first woman to land a 720 and win double gold at X Games California 2023. At only 14, Arisa Trew has also earned the 2024 Laureus World Sports Award for Action Sports Person of the Year. Her latest feat follows her previous record as the first woman to land a Switch 540. Vans, a brand under VF (NYSE: VFC), continues to support and inspire the action sports community through its culture-driven initiatives.
VF (NYSE: VFC) announced the appointment of Paul Vogel as Chief Financial Officer, effective July 8, 2024. Vogel will replace Matt Puckett, who is stepping down. Vogel brings extensive experience from his previous role as CFO of Spotify Technology, where he significantly improved the company's financial health, nearly doubling revenue and users while expanding margins and cash flow. VF's CEO, Bracken Darrell, emphasized Vogel's operational and financial expertise, expecting him to drive VF’s return to profitable growth. Vogel expressed excitement about leveraging VF's strong brand portfolio and innovative culture to enhance growth and value creation for shareholders. The company also thanked Matt Puckett for his 23 years of service.
VF (NYSE: VFC) reported its Q4 FY24 financial results, noting a 13% revenue decline to $2.4 billion. Key brand performance showed The North Face down 5% and Vans down 26%. Gross margin decreased to 48.4%, while operating margin fell to -15%. EPS was $(1.08), adjusted EPS $(0.32). FY24 total revenue was $10.5 billion, down 10%, with EPS at $(2.49) and adjusted EPS at $0.74. VF exceeded cash flow expectations, generating $1.015 billion in operating cash flow and $804 million in free cash flow. Guidance for FY25 includes approximately $600 million in free cash flow from non-core asset sales.
VF (NYSE: VFC) will announce its fourth quarter fiscal 2024 financial results on May 22nd, 2024, followed by a conference call to review results. VF , founded in 1899, is a leading active-lifestyle company with popular brands like Vans®, The North Face®, and Timberland®.
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