Q3'FY23 EARNINGS F E B R U A R Y 7 , 2 0 2 3 Internal Use 2 Safe Harbor Statement Certain statements included in this release are "forward-looking statements" w ithin the meaning of the federal securities law s. 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 w ords such as "w ill," "anticipate," "estimate," "expect," "should," and ...

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 December 31, 2022 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 j ...

V.F. Corporation (NYSE:VFC) Q2 2023 Earnings Conference Call October 26, 2022 4:30 PM ET Company Participants Allegra Perry - Vice President, Investor Relations Steve Rendle - Chairman, President and Chief Executive Officer Matt Puckett - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Binetti - Credit Suisse Omar Saad - Evercore Partners Jonathan Komp - Robert W. Baird Laurent Vasilescu - BNB Paribas Matthew Boss - JPMorgan Operator Greetings and welcome to the V.F ...

V.F. Corporation (NYSE:VFC) Q1 2023 Earnings Conference Call July 28, 2022 4:30 PM ET Company Participants Allegra Perry - Vice President, Investor Relations Steve Rendle - Chairman, President and CEO Matt Puckett - Executive Vice president and CFO Conference Call Participants Laurent Vasilescu - BNP Paribas MacKenzie Boydston - BTIG Matthew Boss - JPMorgan Bob Drbul - Guggenheim Securities Michael Binetti - Credit Suisse Brooke Roach - Goldman Sachs Ike Boruchow - Wells Fargo Operator Greetings. Welcome to ...

Financial Data and Key Metrics Changes - VF Corporation reported revenue of $11.8 billion, an increase of 27%, representing high single-digit organic growth compared to pre-pandemic levels [11][52] - Gross margins expanded by 150 basis points to 54.8%, and operating margins increased by over 500 basis points to 13.1%, comparable to pre-pandemic levels [20][60] - Earnings per share (EPS) grew by 143% to $3.18, reflecting strong operational performance [62] Business Line Data and Key Metrics Changes - The North Face revenue grew by 32% for the year, surpassing $3 billion for the first time, with significant growth across all regions [12][32] - Timberland achieved a 20% revenue growth, driven by strong sellout trends, particularly in the U.S. and EMEA [13][57] - Dickies revenue increased by 19% to $838 million, with strong growth in both work and lifestyle products [14][58] - Vans grew by 19% for the year but did not meet expectations, facing challenges in the Classics category and COVID-related impacts in China [17][59] Market Data and Key Metrics Changes - EMEA region saw a revenue increase of 30% for fiscal '22, with strong profitability and digital sales contributing significantly [25] - Asia-Pacific faced challenges due to COVID-related lockdowns, impacting overall performance, but long-term growth opportunities remain [26][71] - The Americas experienced strong growth, particularly for The North Face and Timberland, with double-digit increases in several categories [11][56] Company Strategy and Development Direction - The company is focused on leveraging its digital ecosystem and consumer data analytics to enhance engagement and streamline operations [20][21] - VF Corporation aims to continue investing in its brands and digital transformation while maintaining cost discipline [61][68] - The North Face plans to expand its product offerings and enhance consumer engagement through loyalty programs and innovative marketing strategies [34][36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by COVID-19, geopolitical tensions, and inflation but expressed confidence in the company's ability to navigate these issues [11][66] - The outlook for fiscal '23 anticipates at least 7% revenue growth, with The North Face expected to grow in low double-digits and Vans projected for mid-single-digit growth [66][67] - Management emphasized the importance of maintaining a strong balance sheet and returning cash to shareholders while investing in growth opportunities [63][64] Other Important Information - The company returned over $1.1 billion to shareholders during the fiscal year, marking its 50th consecutive year of dividend increases [63] - Inventory levels were healthy, ending at $1.4 billion, up 34% year-over-year, but well-positioned to support growth plans [64] Q&A Session Summary Question: What are the expectations for The North Face in fiscal '23? - The North Face is expected to grow in low double-digits, supported by strong order books and healthy inventory levels [67] Question: How is Vans addressing its recent performance challenges? - Vans is focusing on reigniting brand heat, optimizing Classics performance, and enhancing digital capabilities to drive growth [41][46] Question: What is the company's outlook for the Asia-Pacific region? - The company anticipates challenges in Greater China due to ongoing COVID restrictions but expects a gradual recovery as conditions improve [71]