In its upcoming report, V.F. (VFC) is predicted by Wall Street analysts to post quarterly earnings of $0.02 per share, reflecting a decline of 88.2% compared to the same period last year. Revenues are forecasted to be $2.42 billion, representing a year-over-year decrease of 11.8%.Over the last 30 days, there has been an upward revision of 9.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecas ...

BalkansCatThesis After multiple years of underperformance, V.F. Corporation (NYSE:VFC) was recently dropped from the S&P 500 Index. After reaching all-time highs of $100.25 in 2020, shares have since plummeted by over 87%, culminating to a loss of over $34B in shareholder value. A mix of poor managerial decisions, ill-timed acquisitions at high multiples, and a decline in brand strength drove these results. With pessimism at all-time highs, many have written VFC off for dead. However, VFC is a battle-te ...

Core Insights - VF Corporation has appointed Caroline Brown to its Board of Directors, effective February 14, 2024, following engagement with shareholders, including Engaged Capital [1] - The company plans to appoint an additional independent director in collaboration with Engaged Capital, aiming to enhance board diversity and expertise [1] - The board will consist of 13 directors post-Annual Meeting, with no more than 11 being current directors [1] Company Background - VF Corporation is a global leader in branded lifestyle apparel, footwear, and accessories, founded in 1899 [6] - The company connects people to lifestyles through iconic brands such as Vans®, The North Face®, Timberland®, and Dickies® [7] Caroline Brown's Experience - Caroline Brown has over 30 years of experience in the apparel and fashion sector, including roles as Managing Director at Closed Loop Partners and CEO of Donna Karan International [2][3] - She has a history of transforming brands, modernizing identities, and overseeing organizational changes [3] - Brown has served on various boards in the fashion industry and is involved with the MIT Sloan Sustainability Initiative [4] Board Refreshment Strategy - The appointment of Caroline Brown marks the addition of four new directors to the board in the past two years, enhancing expertise in footwear, apparel, retail, design, technology, and sustainability [5] - The board aims to leverage Brown's experience to support the company's turnaround strategy and improve performance [5]

Key TakeawaysThe S&P 500 slid less than 0.1% on Monday, Feb. 12, 2024, remaining relatively flat ahead of Tuesday's Consumer Price Index (CPI) report.Shares of Motorola Solutions dropped after the communications equipment firm issued a lower-than-expected 2024 profit forecast.VF Corp. shares skyrocketed following reports that the family that founded the clothing conglomerate would support initiatives by activist investor Engaged Capital.Major U.S. equities indexes were mixed to open the trading week, with T ...

Shares of VF Corp (VFC -12.39%) were pulling back as the parent of apparel brands like Vans and The North Face posted another disappointing earnings report in its fiscal third quarter. The company badly missed estimates on the top and bottom lines and said its CFO was stepping down, which is often interpreted as a negative sign. It also announced a strategic portfolio review, implying it may try to sell some of its brands.As of 12:36 p.m. ET, the stock was down 13.1% on the news. VF goes from bad to worseVF ...

V.F. Corporation (VFC) reported third-quarter fiscal 2024 earnings, wherein the top and bottom lines missed the Zacks Consensus Estimate. Both metrics also declined year over year. The quarterly results were hurt by a shift in the timing of the wholesale deliveries, mostly pronounced for The North Face and the EMEA regions.This currently Zacks Rank #3 (Hold) company's shares have lost 10.3% in the past three months compared with the industry’s 7.4% decline.Q3 HighlightsV.F.’s adjusted earnings of 57 cents p ...

Shares of VF Corp. got tripped up Wednesday, after the footwear and apparel company reported “particularly disappointing” fiscal third-quarter results, citing weakness in its iconic North Face and Vans brands.The company blamed warmer-than-usual weather for its North Face woes, especially in the Americas region, and said it was focused on righting the Vans brand, which appeared to lose its way more than a year ago. And a cybersecurity breach in December also affected results.The stock VFC, -12.92% tumbled 9 ...

V.F. Corporation (NYSE:VFC) Q3 2024 Earnings Conference Call February 6, 2024 4:30 PM ET Company Participants Allegra Perry - Vice President, Investor Relations Bracken Darrell - President and Chief Executive Officer Matt Puckett - EVP and Chief Financial Officer Conference Call Participants Michael Bennett - Evercore Brooke Roach - Goldman Sachs Adrienne Yih - Barclays Laurent Vasilescu - BNP Paribas Matthew Boss - JPMorgan Robert Drbul - Guggenheim Paul Lejuez - Citi James Duffy - Stifel Jay Sole - UBS Da ...

For the quarter ended December 2023, V.F. (VFC) reported revenue of $2.96 billion, down 16.2% over the same period last year. EPS came in at $0.57, compared to $1.12 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.26 billion, representing a surprise of -9.31%. The company delivered an EPS surprise of -27.85%, with the consensus EPS estimate being $0.79.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

V.F. (VFC) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -27.85%. A quarter ago, it was expected that this maker of brands such as Vans, North Face and Timberland would post earnings of $0.65 per share when it actually produced earnings of $0.63, delivering a surprise of -3.08%.Over ...