V.F. Corporation (VFC) reported fourth-quarter fiscal 2024 results, wherein the top and bottom lines missed the Zacks Consensus Estimate. Both metrics also declined year over year. The quarterly results were hurt by the ongoing softness in the U.S. wholesale business.V.F. Corp reported an adjusted loss per share of 32 cents against earnings per share of 17 cents in the prior-year quarter. The bottom line also compared unfavorably with the Zacks Consensus Estimate of earnings of 1 cent.Net revenues of $2.37 ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

V.F. Corporation (NYSE:VFC) Q4 2024 Results Conference Call May 22, 2024 4:30 PM ET Company Participants Allegra Perry - Vice President, Investor Relations Bracken Darrell - President and Chief Executive Officer Martino Scabbia Guerrini - Chief Commercial Officer Matt Puckett - EVP and Chief Financial Officer Conference Call Participants Michael Bennett - Evercore ISI Laurent Vasilescu - BNP Paribas Simeon Siegel - BMO Capital Markets Brooke Roach - Goldman Sachs Matthew Boss - JPMorgan Dana Telsey - Telsey ...

For the quarter ended March 2024, V.F. (VFC) reported revenue of $2.37 billion, down 13.4% over the same period last year. EPS came in at -$0.32, compared to $0.17 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.4 billion, representing a surprise of -1.26%. The company delivered an EPS surprise of -3300.00%, with the consensus EPS estimate being $0.01.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

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 ...

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]