V.F. (VFC) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3,300%. A quarter ago, it was expected that this maker of brands such as Vans, North Face and Timberland would post earnings of $0.79 per share when it actually produced earnings of $0.57, delivering a surprise of -27.85%.Over the last fou ...

Exhibit 99 VF CORPORATION REPORTS FOURTH QUARTER REVENUE AND EARNINGS AND EXCEEDS FY24 CASH FLOW EXPECTATIONS DENVER, May 22, 2024 - VF Corporation (NYSE: VFC) today reported financial results for its fourth quarter (Q4'FY24) and fiscal year ended March 30, 2024 (FY24). Bracken Darrell, President and CEO, said: "In Q4, we made progress advancing our Reinvent transformation program. We closed the fiscal year with further inventory reductions helping us deliver $1 billion in operating cash flow and over $800 ...

V.F. Corporation (VFC) is likely to register year-over-year top and bottom-line decreases  when it posts fourth-quarter fiscal 2024 earnings on May 22, after the closing bell. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.42 billion, indicating an 11.8% decline from the prior-year quarter’s reported figure.The consensus estimate for earnings is pegged at 2 cents per share, suggesting a sharp decline from the 17 cents reported in the year-ago quarter. The metric has been unchanged in th ...

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 ...

DENVER--(BUSINESS WIRE)--VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, today announced the appointment of Caroline Brown to the company’s Board of Directors, effective February 14, 2024. This appointment follows constructive engagement with VF’s shareholders, including Engaged Capital, LLC (“Engaged Capital”). VF also intends to appoint to the Board another independent director in the near term mutually agreed with Engaged Capital, and will give priority ...

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 ...