VF(US:VFC) Globenewswire·2025-10-30 19:41Core 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 setbacks [3][4]. Summary by Sections Allegations - The complaint alleges that VFC concealed material adverse facts about the true state of its turnaround plans for the Vans brand, indicating that additional significant reset actions were necessary for growth [3]. - The company's fourth quarter and full-year fiscal 2025 results revealed a decline in Vans' growth trajectory, with losses worsening from an 8% loss in the previous quarter to a 20% loss in the fourth quarter [3]. - VFC attributed its disappointing results and below-expectation guidance to "deliberately reduced revenue to eliminate unprofitable or unproductive businesses" and other unannounced actions [3]. Stock Price Impact - Following the disclosure of the negative results, 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 [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].