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) is set to announce its third quarter fiscal 2023 financial results on February 7, 2023, at approximately 4:05 p.m. ET. Following the release, management will conduct a conference call at 4:30 p.m. ET to discuss the results. The call will be accessible live via the company's investor relations website, with an archived version available later. VF Corporation, established in 1899, is a leading global active-lifestyle company, known for its portfolio of renowned brands including Vans, The North Face, Timberland, and Dickies. Visit vfc.com for more details.
VF Corporation (NYSE: VFC) has appointed Benno Dorer as the Interim President and CEO following Steve Rendle's retirement. Dorer aims to lead the company amidst challenges including weaker consumer demand and an elevated promotional environment, especially in North America. The FY23 revenue growth outlook has been revised down to 3-4% from the previous 5-6%, with adjusted diluted EPS expected between $2.00 and $2.20, significantly lower than last year's $3.18.
The Board is actively searching for a permanent CEO.
Vans is set to host the Vans Pipe Masters from December 8-20, 2022, on the North Shore of Oahu. The event will feature 60 elite male and female surfers, half of whom are from Hawaii, competing for a total prize purse of $420k. Vans emphasizes community engagement with equal prize distribution and focuses on sustainability through partnerships with local organizations. Additionally, Vans will highlight female surfers' stories during the contest. This event aims to inspire future generations of surfers while celebrating the legacy of the iconic Pipeline.
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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 location value="LU/us.co.denver"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.