VF(US:VFC) Globenewswire·2025-09-29 20:08Core Viewpoint - V.F. Corporation (NYSE: VFC) is facing a class action lawsuit due to allegations of disseminating materially false and misleading statements regarding its turnaround plans for the Vans brand, which has resulted in significant revenue declines [3][4]. Summary by Sections Allegations - The complaint alleges that VFC concealed material adverse facts about the necessary actions to return the Vans brand to growth, leading to a significant decline in revenue growth trajectory [3]. - Following the release of VFC's fiscal 2025 results on May 21, 2025, it was revealed that Vans' growth faltered from an 8% loss in the previous quarter to a 20% loss in the fourth quarter, with expectations of continued decline [3]. Financial Impact - VFC attributed its disappointing results and below-expectation guidance to "deliberately reduced revenue to eliminate unprofitable or unproductive businesses" and other unannounced actions [3]. - The stock price of VFC dropped dramatically from $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025, marking a decline of approximately 15.8% in one day [3]. Class Action Details - Shareholders who purchased VFC shares during the class period from October 30, 2023, to May 20, 2025, are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for November 12, 2025 [4]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4].