For the quarter ended June 2024, V.F. (VFC) reported revenue of $1.91 billion, down 8.6% over the same period last year. EPS came in at -$0.33, compared to -$0.15 in the year-ago quarter.The reported revenue represents a surprise of +3.42% over the Zacks Consensus Estimate of $1.84 billion. With the consensus EPS estimate being -$0.35, the EPS surprise was +5.71%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

V.F. (VFC) came out with a quarterly loss of $0.33 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.71%. A quarter ago, it was expected that this maker of brands such as Vans, North Face and Timberland would post earnings of $0.01 per share when it actually produced a loss of $0.32, delivering a surprise of -3,300%.Over the last f ...

Exhibit 99 VF CORPORATION REPORTS FIRST QUARTER FISCAL 2025 RESULTS AND REITERATES FY25 FREE CASH FLOW GUIDANCE • The company reiterates guidance for free cash flow plus the proceeds from non-core physical asset sales of approximately $600 million, excluding the impact of the divestiture of Supreme, which is anticipated to be completed by the end of calendar year 2024. Supreme is expected to be reported as discontinued operations beginning in Q2'FY25. Shareholder Returns 1 • Revenue $1.9 billion, down 9% (d ...

V.F. Corporation (VFC) is likely to register bottom and top-line declines year over year when it posts first-quarter fiscal 2025 results on Aug 6 after the closing bell. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.9 billion, indicating an 11.3% decline from the prior-year quarter’s figure.The consensus estimate for earnings is pegged at a loss of 35 cents per share, which compares unfavorably with a loss of 15 cents a share reported in the year-ago quarter. The metric has remained st ...

The latest trading session saw V.F. (VFC) ending at $16.58, denoting a +1.47% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 0.5%. Elsewhere, the Dow saw an upswing of 0.5%, while the tech-heavy Nasdaq depreciated by 1.28%.The maker of brands such as Vans, North Face and Timberland's stock has climbed by 27.26% in the past month, exceeding the Consumer Discretionary sector's loss of 0.46% and the S&P 500's gain of 0.1%.The investment community will be ...

This hyper-limited capsule collection, that includes Vans Classic Slip-On Checkerboard Shoes featuring custom Fat Tire design along with a coordinating hat, socks, and cooler, is now available for preorder at DrinkFatTire.com. Styled for summer, craft drinkers can reach for an easy-drinking Fat Tire sporting Vans-inspired packaging and cans."Like Fat Tire, Vans speaks to those who appreciate authentic, quality products and identify with our respective roots as originators," said Fat Tire Brand Manager Taylo ...

Core Insights - V.F. Corporation (VFC) has announced the sale of the streetwear brand Supreme to EssilorLuxottica for $1.5 billion, resulting in a 13.6% surge in VFC's shares on July 17 [1] - The sale reflects V.F. Corp's strategic focus and the increasing value of streetwear brands in the market [1] Company Strategy - The decision to sell Supreme indicates that the acquisition, which was expected to enhance V.F. Corp's portfolio, did not meet growth expectations, leading to a write-down of about two-thirds of Supreme's value by 2023 [2][3] - Management's efforts to revive Supreme diverted attention from other major brands like The North Face and Vans, which were already facing challenges [3] - The sale aligns with V.F. Corp's strategy to refine its portfolio for better alignment and operational efficiency [3] Market Reaction - Investors reacted positively to the sale, as evidenced by the significant rise in V.F. Corp shares following the announcement [5] - Over the past three months, V.F. Corp's shares have increased by 25.8%, contrasting with a 4.6% decline in the industry [5] EssilorLuxottica's Perspective - EssilorLuxottica views the acquisition of Supreme as a strategic expansion beyond traditional eyewear offerings, aiming to innovate and connect with new demographics [4]

Key TakeawaysVF Corporation sold its Supreme streetwear brand to French eyeglass retailer EssilorLuxottica for $1.5 billion.VF CEO Bracken Darrell said the company's strategic portfolio review determined that selling Supreme was logical.The parent of Vans and North Face brands has been attempting a turnaround as it faced falling demand and too much inventory. VF Corporation (VFC) shares soared Wednesday after the struggling clothing retailer announced that Paris-based retailer EssilorLuxottica purchased it ...

Shares of Vans sneaker maker VF Corporation (NYSE:VFC) are 8.9% higher in premarket trading, following news that EssilorLuxottica agreed to acquire the company's Supreme brand by the end of 2024 in a $1.5 billion cash transaction.On track to open just below the $15.20 area, VFC could begin today's session at its highest level since early March. VF stock is also poised to reclaim support from long-term resistance at its 200-day moving average. Today's positive price action is a step in the right direction, a ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...