VF(US:VFC) Prnewswire·2025-11-03 13:45Core 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 [2][3]. Summary by Sections Allegations - The complaint alleges that VFC concealed material adverse facts about its turnaround plans, specifically that additional significant reset actions were necessary to return the Vans brand to growth [2]. - Following the release of VFC's fiscal 2025 results on May 21, 2025, it was revealed that Vans' growth trajectory had declined sharply, with losses increasing from 8% in the previous quarter to 20% in the fourth quarter [2]. - VFC attributed its disappointing results and below-expectation guidance to deliberate actions taken to eliminate unprofitable businesses, indicating that even without these actions, Vans would have experienced a "high single digit" revenue decline [2]. Stock Price Impact - The announcement of the poor financial results led to a dramatic decline in VFC's stock price, dropping from $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025, marking a decrease of approximately 15.8% in one day [2]. 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 [3]. - Participants will be enrolled in a portfolio monitoring system to receive updates throughout the case lifecycle [3].