V.F. Corporation (VFC) is likely to register top and bottom-line decreases from the year-ago quarter’s reported figures when it posts third-quarter fiscal 2024 earnings on Feb 6, after the closing bell. The Zacks Consensus Estimate for quarterly revenues is pegged at $3.3 billion, indicating a 7.1% decline from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for fiscal third-quarter earnings is pegged at 83 cents per share, suggesting a 25.9% decline from the year-ago quarter’s reporte ...

DENVER--(BUSINESS WIRE)--VF Corporation (NYSE: VFC) plans to release its third quarter fiscal 2024 financial results on Tuesday, February 6th, 2024 at approximately 4:05 p.m. ET. Following the news release, VF management will host a conference call at approximately 4:30 p.m. ET to review results. The conference call will be broadcast live on the Internet, accessible at ir.vfc.com. For those unable to listen to the live broadcast, an archived version will be available at the same location. About VF Founde ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Commission file number: 1-5256 ...

V.F. Corporation (NYSE:VFC) Q2 2025 Earnings Conference Call October 30, 2023 4:30 PM ET Company Participants Allegra Perry - VP, IR Bracken Darrell - President and CEO Matt Puckett - EVP and CFO Conference Call Participants Laurent Vasilescu - BNP Paribas Ike Boruchow - Wells Fargo Lorraine Hutchinson - Bank of America Brooke Roach - Goldman Sachs Simeon Siegel - BMO Capital Markets Jim Duffy - Stifel Janine Stichter - BTIG John Kernan - TD Dana Telsey - Telsey Advisory Group Paul Lejuez - Citigroup Gabrie ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 1, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 1-5256 V. F. CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 23-1180120 (State or other jurisd ...

V.F. Corporation (NYSE:VFC) Q1 2024 Earnings Conference Call August 1, 2023 4:30 PM ET Company Participants Allegra Perry - Vice President, Investor Relations Bracken Darrell - President and Chief Executive Officer Matt Puckett - Executive Vice President and Chief Financial Officer Kevin Bailey - Global brand president, Vans Martino Scabbia Guerrini - Executive Vice President EMEA, APAC and Emerging Brands Nicole Otto - Global Brand President, The North Face Conference Call Participants Dana Telsey - Telsey ...

Financial Performance - VF reported a 2% decrease in revenues to $11.6 billion for Fiscal 2023 compared to $11.8 billion in Fiscal 2022, with a 5% unfavorable impact from foreign currency[240][241]. - The Outdoor segment revenues increased by 6% to $5.6 billion, while the Active segment revenues decreased by 9% to $4.9 billion, and the Work segment revenues decreased by 6% to $1.1 billion[241]. - Earnings per share decreased to $0.31 in Fiscal 2023 from $3.10 in Fiscal 2022, significantly impacted by impairment charges totaling $735 million related to the Supreme reporting unit[241][245]. - Income from continuing operations in Fiscal 2023 was $118.6 million ($0.31 per diluted share), down from $1.2 billion ($3.10 per diluted share) in Fiscal 2022[250]. - Other income (expense) netted to $(119.8) million in Fiscal 2023, compared to $26.2 million in Fiscal 2022, including a $91.8 million pension settlement charge[248]. Cost and Expenses - Gross margin decreased by 200 basis points to 52.5% in Fiscal 2023, primarily due to higher promotional activity and increased material and labor costs[242][243]. - Selling, general and administrative expenses increased by $210.7 million in Fiscal 2023, with a notable impact from higher corporate restructuring charges and IT investments[244]. - Net interest expense increased by $33.2 million to $164.6 million in Fiscal 2023, primarily due to higher borrowing rates and increased short-term borrowings[246]. - Corporate and other expenses increased by $308.0 million in Fiscal 2023, driven by corporate restructuring charges of $61.0 million and a pension settlement charge of $91.8 million[276]. Revenue Sources - Direct-to-consumer revenues accounted for 45% of total revenues in Fiscal 2023, with a 3% decrease compared to the previous year[241]. - International revenues represented 48% of total revenues in Fiscal 2023, with a 2% decrease compared to Fiscal 2022, including a 10% unfavorable impact from foreign currency[241]. - Global revenues for The North Face brand increased by 11% in Fiscal 2023, while Timberland brand revenues decreased by 5%[259][260]. - Global direct-to-consumer revenues for Outdoor increased by 7% in Fiscal 2023, driven by strength in The North Face brand and e-commerce growth[261]. Dividends and Shareholder Returns - The Board declared a quarterly dividend of $0.30 per share, a 41% reduction from the previous quarter's dividend of $0.51 per share, to strengthen the financial position[232]. - Cash dividends totaled $1.81 per share in Fiscal 2023, with a dividend payout ratio of 592.8% of diluted earnings per share[306]. Debt and Liquidity - VF's long-term debt at the end of March 2023 was $6.682 billion, with total contractual obligations amounting to $11.661 billion[309]. - Cash provided by operating activities was $(655.8) million in Fiscal 2023, a decrease from $858.2 million in Fiscal 2022[287]. - VF issued €1.0 billion in euro-denominated fixed-rate notes in Fiscal 2023 to enhance liquidity[290]. - VF completed two draws under the DDTL Agreement totaling $1.0 billion, with a weighted average interest rate of 5.73%[301]. Impairment and Goodwill - Impairment of goodwill and indefinite-lived intangible assets amounted to $735.0 million in Fiscal 2023, compared to no impairment in Fiscal 2022[272]. - VF recorded impairment charges of $229.0 million for the Supreme reporting unit goodwill and $192.9 million for the indefinite-lived trademark intangible asset in the year ended March 2023[357]. - The estimated fair value of the Supreme trademark was determined to be $1.20 billion using the relief-from-royalty method[338]. Taxation - The effective income tax rate was (174.0)% in Fiscal 2023, significantly impacted by a net discrete tax benefit of $96.8 million[249]. - VF paid $875.7 million related to a tax dispute with the IRS regarding the timing of income inclusion associated with the acquisition of The Timberland Company, which is recorded as an income tax receivable[387]. - The net impact to tax expense from the IRS dispute could be up to $730.0 million, plus the reversal of approximately $12.0 million in interest income accrued on the payment as of March 2023[387]. Macroeconomic Environment - VF is navigating a challenging macroeconomic environment characterized by inflationary pressures, weakening consumer sentiment, and increased borrowing costs[233]. - A hypothetical 1% increase in interest rates would decrease reported net income by approximately $8.9 million[320]. - Approximately 48% of VF's revenues in the year ended March 2023 were generated in international markets, exposing the company to foreign currency exchange rate risks[321]. Foreign Currency Exposure - VF hedges up to 80% of foreign currency exposures for periods of up to 24 months using foreign exchange forward contracts[323]. - A hypothetical 10% decrease in foreign currency exchange rates would result in an unrealized net gain increase of approximately $39.7 million, while a 10% increase would decrease the unrealized net gain by approximately $32.3 million[325]. Pension Plans - VF's defined benefit pension plans were overfunded by $90.4 million at the end of Fiscal 2023[315]. - VF entered into an agreement with Prudential to purchase an irrevocable group annuity contract for approximately $330 million related to U.S. qualified defined benefit pension plan obligations[324].

V.F. Corporation (NYSE:VFC) Q4 2023 Earnings Conference Call May 23, 2023 4:30 PM ET Company Participants Allegra Perry - Vice President, Investor Relations Benno Dorer - Interim President and Chief Executive Officer Matt Puckett - EVP and Chief Financial Officer Conference Call Participants Abbie Zvejnieks - Piper Sandler Brooke Roach - Goldman Sachs Paul Lejuez - Citigroup Laurent Vasilescu - BNP Paribas Janine Stichter - BTIG Bob Drbul - Guggenheim Adrienne Yih - Barclays Gabby Carbone - Deutsche Bank Ji ...

Q4'FY23 EARNINGS M A Y 2 3 , 2 0 2 3 Internal Use 2 Certain statements included in this presentation are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting VF and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as "will," "anticipate," "estimate," "expect," "should," and "may" and other words and te ...

V.F. Corporation (NYSE:VFC) Q3 2023 Earnings Conference Call February 7, 2023 4:30 PM ET Company Participants Allegra Perry - Vice President, Investor Relations Benno Dorer - Interim President & Chief Executive Officer Matt Puckett - Executive Vice President & Chief Financial Officer Conference Call Participants Laurent Vasilescu - BNP Paribas Dana Telsey - Telsey Advisory Group Michael Binetti - Credit Suisse Brooke Roach - Goldman Sachs Jay Sole - UBS Operator Greetings, and welcome to the VF Corporation ...