Core Viewpoint - The performance of V.F. Corporation's international operations is critical for understanding its financial strength and growth potential, especially in the context of a global economy [1][5]. Group 1: International Revenue Performance - For the quarter ending March 2024, V.F. Corporation reported total revenue of $2.37 billion, a decline of 13.4% year over year [2]. - The Asia-Pacific (APAC) region generated $377.7 million in revenue, accounting for 15.9% of total revenue, which was a surprise of +0.69% compared to Wall Street's estimate of $375.1 million [3]. - The Europe, Middle East, and Africa (EMEA) region contributed $869.9 million, making up 36.7% of total revenue, exceeding the consensus estimate of $821.62 million by +5.88% [3]. Group 2: Future Revenue Projections - Analysts project V.F. Corporation to report total revenue of $1.88 billion in the current fiscal quarter, indicating a decline of 10% from the prior-year quarter [4]. - For the full fiscal year, total revenue is expected to reach $10.24 billion, reflecting a decrease of 2.1% from the previous year, with APAC and EMEA projected to contribute $1.62 billion (15.8%) and $3.35 billion (32.7%), respectively [4]. Group 3: Market Trends and Stock Performance - V.F. Corporation's stock has decreased by 2.4% over the past four weeks, while the Zacks S&P 500 composite increased by 4.8% [8]. - Over the last three months, the company's shares have declined by 24%, contrasting with a 4.6% increase in the S&P 500 [8].
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