V.F. Corp Stock Price, News & Analysis

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.

VF Corporation (NYSE: VFC) will announce its second quarter fiscal 2023 financial results on October 26, 2022, at approximately 4:05 p.m. ET. A conference call to discuss these results will follow at 4:30 p.m. ET, with a live broadcast available online. VF Corporation is a leading active-lifestyle company known for popular brands such as Vans, The North Face, Timberland, and Dickies. The company aims to promote sustainable and active lifestyles while creating value for stakeholders.

VF Corporation (NYSE: VFC) has introduced its long-term strategic growth plan for FY27, aiming to enhance shareholder value. The plan targets a revenue CAGR of mid- to high single digits and an operating margin of approximately 15% by FY27. The company anticipates a cumulative cash return to shareholders of about $7 billion through dividends and share repurchases from FY23 to FY27. The FY23 revenue outlook has been revised to an increase of 5% to 6%, with adjusted EPS projected between $2.60 and $2.70, down from $3.18 in FY22 due to various market challenges.

VF Corporation (NYSE: VFC), renowned for its lifestyle apparel and footwear, is hosting an Investor Day on September 28, 2022, in Denver. Key executives, including CEO Steve Rendle and CFO Matt Puckett, will outline the company's strategies aimed at achieving sustainable growth and enhancing shareholder value. The invite-only event will feature a reception and a tour of VF’s Headquarters. A live webcast will be available from 10:30 AM to 2:30 PM ET, with post-event replays accessible on the company’s investor website.

VF Corporation (NYSE: VFC) reported Q1'FY23 results, achieving revenue of $2.3 billion, up 3% year-over-year (7% in constant dollars). The North Face® performed well with a 31% revenue increase, while Vans® saw a 7% decline. Gross margin decreased by 260 basis points to 53.9%, with operating margin shrinking to 2.8%. Earnings per share (EPS) reported at $(0.14), down 137%. VF maintains its FY23 revenue outlook at a minimum of 7% growth in constant dollars, but adjusted EPS guidance has been revised down to $3.05-$3.15 due to currency fluctuations.

VF Corporation (NYSE: VFC) is set to announce its first quarter fiscal 2023 financial results on July 28, 2022, at approximately 4:05 p.m. ET. Following the press release, management will hold a conference call at 4:30 p.m. ET to discuss the results. The call will be streamed live and an archived version will be available online. VF Corporation, founded in 1899, is a leading global apparel and footwear company, known for its brands like Vans and The North Face, aiming to promote sustainable and active lifestyles.

The 2022 Vans US Open of Surfing returns to Huntington Beach from July 30 to August 7, showcasing surf, skateboarding, and BMX competitions. This nine-day festival will feature a variety of family-friendly activities and community events, all free to the public. The event emphasizes environmental responsibility, integrating eco-conscious initiatives throughout. Highlights include surfboard workshops, art installations, and the World Surf League's Challenger Series. Additionally, youth surf camps will be hosted in partnership with local non-profits.

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.