VF(US:VFC) Prnewswire·2025-10-30 12:45Core Viewpoint - V.F. Corporation (NYSE: VFC) is facing a class action lawsuit due to allegations of disseminating false and misleading statements regarding its turnaround plans for the Vans brand, which has resulted in significant revenue declines [1][2]. Summary by Sections Allegations - The complaint claims 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 [1]. - The company's fourth quarter and full-year fiscal 2025 results revealed a decline in Vans' growth from an 8% loss in the previous quarter to a 20% loss in the fourth quarter, with expectations of continued decline [1]. Financial Impact - VFC attributed its disappointing results to "deliberately reduced revenue to eliminate unprofitable or unproductive businesses" and noted that even without these actions, Vans would have experienced a "high single digit" revenue decline [1]. - Following the announcement, VFC's stock price dropped 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 [1]. Next Steps for Shareholders - Shareholders who purchased VFC shares during the specified class period (October 30, 2023, to May 20, 2025) are encouraged to register for the class action, with a deadline to seek lead plaintiff status set for November 12, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2].