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ATTENTION NYSE: VFC INVESTORS: Contact Berger Montague About a V.F. Corporation (NYSE: VFC) Class Action Lawsuit
Prnewswire· 2025-09-30 13:11
Accessibility StatementSkip Navigation PHILADELPHIA, Sept. 30, 2025 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against V.F. Corporation (NYSE: VFC) ("VFC" or the "Company") on behalf of investors who purchased or acquired shares during the period from October 30, 2023 through May 20, 2025 (the "Class Period"). Investor Deadline: Investors who purchased or acquired VFC securities during the Class Period may, no later than November 12, 2025, seek to ...
威富集团忙化债
Bei Jing Shang Bao· 2025-09-17 16:24
Core Viewpoint - VF Corporation is selling its workwear brand Dickies for $600 million to Bluestar Alliance to alleviate its debt crisis, which currently stands at approximately $4 billion as of March 29, 2023 [1][3][4] Debt Crisis - VF Corporation's outstanding debt is around $4 billion, and the company acknowledges that debt and interest payment obligations could significantly impact its business and financial condition [3] - The sale of Dickies is aimed at reducing net debt levels and is seen as a necessary step to improve financial health [3][4] - Analysts suggest that the urgency of the sale indicates the severity of VF Corporation's debt crisis [3][4] Brand Performance - Dickies has experienced a revenue decline of 14% in fiscal year 2025 and 15% in fiscal year 2024 [4] - Despite the decline, Bluestar Alliance sees potential in Dickies and aims to leverage consumer insights to support its growth [4] Strategic Brand Management - VF Corporation has a history of buying and selling brands to align with market trends, having acquired Dickies for $820 million in 2017 and previously sold other brands to streamline its portfolio [5][6] - The company has shifted its focus towards brands that emphasize professional outdoor attributes, moving away from purely trendy labels [7][8] Transformation Efforts - VF Corporation has initiated a "Reinvent" plan aimed at improving North American performance, transforming the Vans brand, and strengthening its balance sheet [8] - Recent financial reports indicate that the transformation efforts are beginning to show positive results, with total revenue stabilizing and operating losses narrowing [8] Future Recommendations - Analysts recommend that VF Corporation should focus on cultivating a strong main brand to support revenue growth and cash flow [9] - There is a suggestion for a "brand portfolio restructuring" strategy to concentrate resources on high-potential brands, particularly The North Face, while considering the future of Vans [9][10]
V.F. Corporation (NYSE:VFC) FY Conference Transcript
2025-09-17 16:02
Summary of V.F. Corporation FY Conference Call (September 17, 2025) Company Overview - **Company**: V.F. Corporation (NYSE: VFC) - **Key Brands**: Vans, The North Face, Timberland, Altra, Dickies Key Points and Arguments Portfolio Review and Brand Sale - The decision to sell Dickies was unexpected and driven by an attractive inbound offer from Blue Star Alliance, despite Dickies being a valued brand within the portfolio [2][3] - The sale is expected to improve leverage ratios and allow for debt repayment, indicating a strategic long-term decision rather than a reaction to short-term performance [3][4][5] Financial Health and Debt Management - The proceeds from the Dickies sale will fully fund the next tranche of debt, reducing the need to draw on the asset-based lending facility, thus saving on interest expenses [6][8] - The company is on track to meet fiscal year free cash flow guidance and is committed to paying down debt [4][6] Consumer Sentiment and Economic Outlook - The U.S. consumer remains "stubbornly positive," with the company not overly reliant on economic conditions for growth [9] - The company is confident in its ability to offset tariffs through cost reductions and strategic pricing [10][12] Brand-Specific Insights Vans - Strategic actions affecting Vans are expected to conclude by Q4, with new product introductions planned for upcoming seasons [23][31] - The brand is focusing on both comfort and style, with a mix of trends appealing to diverse consumer preferences [29] - Marketing efforts are being enhanced, including a partnership with SZA as the new Artistic Director to attract a broader audience [33][34] The North Face - The North Face is focusing on improving its cultural relevance and expanding its product offerings, particularly in the women's segment [49] - The brand's performance in the Americas is lagging compared to Europe and APAC, with plans to elevate product offerings in the U.S. market [50][52] - The company aims to position The North Face as a four-season brand, with plans for better product availability and marketing strategies [57] Timberland - Timberland has seen strong growth, particularly driven by the 60th anniversary of the Yellow Boot and successful collaborations [58][59] - The brand is focused on sustaining growth beyond the Yellow Boot and ensuring a solid foundation for future expansion [60][61] Altra - Altra is experiencing significant growth, with a reported 20% increase last quarter, but brand awareness remains low at around 8% [68][69] - The company sees potential for Altra to grow systematically, particularly in the trail running segment [69] Marketing and Operational Efficiency - The company is improving marketing efficiency by reallocating funds from non-working media to more impactful advertising [38][40] - There is a focus on direct-to-consumer strategies, with some store closures expected to optimize the retail footprint [42][43] Conclusion - V.F. Corporation is strategically repositioning its brand portfolio, focusing on long-term growth and operational efficiency while navigating economic challenges and consumer trends. The sale of Dickies is a pivotal move to enhance financial health and prioritize core brands.
债务压力不减,威富集团再卖子品牌
Bei Jing Shang Bao· 2025-09-17 14:06
Core Viewpoint - VF Corporation is selling its workwear brand Dickies to Bluestar Alliance for $600 million to alleviate its significant debt burden, with the transaction expected to be completed by the end of 2025 [1][4]. Group 1: Financial Situation - As of March 29, 2025, VF Corporation's outstanding debt is approximately $4 billion, and debt repayment obligations may significantly impact its business and financial condition [4]. - The sale of Dickies is part of VF Corporation's strategy to reduce net debt levels and is seen as a necessary move given the company's serious debt crisis [4][6]. - Dickies has experienced a revenue decline of 14% in fiscal year 2025 and 15% in fiscal year 2024 [6]. Group 2: Brand Analysis - Dickies is a well-known American brand that has been recognized for its durability and authenticity, distributing in 55 countries [4]. - The brand has a strong presence in the domestic market, with good sales performance across online and offline channels [5]. - Analysts suggest that the sale of Dickies reflects VF Corporation's need to convert assets into cash and reduce leverage, aligning with rational choices during high-debt periods [6][10]. Group 3: Market Trends and Strategic Shifts - VF Corporation has been adjusting its brand portfolio in response to market trends, having previously acquired Dickies for $820 million in 2017 and sold other brands to focus on high-growth opportunities [7][9]. - The global trend towards casual and streetwear has slowed down, impacting VF Corporation's revenue, which fell by 10% to $10.5 billion in fiscal year 2024 [9]. - The company is now emphasizing professional outdoor attributes in its branding strategy, moving away from purely trendy labels [10][11]. Group 4: Future Outlook - VF Corporation's "Reinvent" plan aims to improve North American performance, achieve brand transformation, and strengthen its balance sheet [11]. - Recent financial reports indicate that the company's restructuring efforts are beginning to show positive results, with total revenue stabilizing at $1.8 billion in the first quarter of fiscal year 2026 [12]. - Analysts recommend that VF Corporation focus on building a strong main brand to support future growth and cash flow [12][13].
V.F. Corp Set to Offload Dickies as Part of Turnaround Strategy
ZACKS· 2025-09-16 18:16
Core Insights - V.F. Corporation (VFC) is selling its Dickies brand to Bluestar Alliance for $600 million, marking a significant step in its turnaround strategy amid a challenging retail environment [1][10] - The sale is part of VFC's strategy to streamline its portfolio, focusing on stronger lifestyle and performance brands, as Dickies has faced declining sales since its acquisition in 2017 for approximately $820 million [2][10] - The transaction is expected to close by the end of 2025, pending approvals, and reflects VFC's commitment to financial discipline and strategic focus [5] Business Strategy - VFC is implementing a Reinvent transformation program aimed at operational discipline, brand strength, and long-term profitable growth, which includes cost reduction and strengthening the balance sheet [6] - The company is realigning its segments to improve resource allocation, grouping brands like Timberland and The North Face under Outdoor, while placing Vans and other lifestyle brands under Active [6] Market Performance - The Outdoor segment is VFC's primary growth driver, with revenues growing 8% year over year in the first quarter, supported by trends in performance wear and outdoor lifestyles [7] - VFC's shares have increased by 24% over the past three months, contrasting with a 4.1% decline in the industry [8]
Apparel giant VF to divest Dickies brand in $600m deal
Yahoo Finance· 2025-09-16 09:44
Core Viewpoint - VF Corporation has agreed to sell its Dickies brand to Bluestar Alliance for $600 million in cash, aiming to stabilize its business and reduce debt levels [1][4]. Group 1: Transaction Details - The sale of Dickies is expected to close by the end of 2025 and is anticipated to support VF's growth on a pro-forma basis [1]. - Dickies, an iconic American workwear brand founded in 1922, was previously acquired by VF in 2017 for $820 million [2]. - Bluestar Alliance has shown interest in the Dickies brand for several years and aims to leverage consumer insights and operational excellence to unlock its full value [3][4]. Group 2: Financial Performance - VF reported revenues of $1.90 billion in Q1 of fiscal 2025, down 9% from $2.08 billion in Q1 of fiscal 2024 [4]. - The North Face and Vans brands experienced revenue declines of 3% and 21% respectively compared to the same quarter of the previous year [5]. - VF's operating loss for the quarter ending July 29, 2024, was $239.89 million, a significant increase from a loss of $8.99 million in Q1 of fiscal 2024 [5].
Berger Montague PC Investigating Claims on Behalf of V.F. Corporation (NYSE: VFC) Investors After Class Action Filing
Prnewswire· 2025-09-16 00:06
Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (VFC) for allegedly misleading investors regarding its turnaround plan, particularly concerning the Vans brand [1][3]. Company Overview - VFC is a global leader in branded lifestyle apparel, footwear, and accessories, owning well-known brands such as Vans, The North Face, Timberland, and JanSport [2]. Lawsuit Details - The lawsuit pertains to investors who purchased VFC shares between October 30, 2023, and May 20, 2025, with a deadline of November 12, 2025, for potential lead plaintiff appointments [2]. - The complaint claims that VFC did not disclose necessary restructuring steps for Vans, which negatively impacted revenue and contradicted earlier public statements [3]. Financial Performance - On May 21, 2025, VFC reported a 20% decline in Vans revenue for Q4 fiscal 2025, worsening from an 8% decline in the previous quarter [4]. - The company attributed this shortfall to undisclosed internal cost-cutting and restructuring actions, indicating deeper brand issues [4]. - Following the revenue announcement, VFC's stock price dropped from $14.43 to $12.15, a decline of over 15% [4].
Dickies Sold to Bluestar Alliance for $600 Million
Yahoo Finance· 2025-09-15 11:59
Company Overview - VF Corp. is selling its Dickies brand to Bluestar Alliance for $600 million in cash [1] - Dickies, founded over a century ago, has transitioned from a workwear brand to also include streetwear, and is distributed in 55 countries [2] Management Insights - Bluestar's CEO Joseph Gabbay expressed a commitment to supporting Dickies' growth by leveraging consumer insights and operational excellence [3] - VF's CEO Bracken Darrell highlighted Dickies as an iconic American brand with significant growth potential under Bluestar's ownership [3] Financial Context - VF Corp. is strategically reducing its portfolio to manage debt, particularly following the $2.4 billion acquisition of Supreme in 2020 and its subsequent sale for $1.5 billion [3] - In the first quarter ended June 28, VF reported sales of $1.8 billion, with The North Face and Timberland showing growth of 6% and 14% respectively, despite an adjusted operating loss of $56 million [4] Bluestar Alliance Profile - Bluestar has been expanding its portfolio, having acquired brands like Palm Angels and owning labels such as Off-White and Scotch & Soda [5] - Founded in 2006, Bluestar manages a portfolio of over 500 licensees globally [5]
VF Corp. to sell Dickies for $600M
Yahoo Finance· 2025-09-15 11:41
Core Insights - VF Corp. is divesting its less-performing brands, with Dickies being the latest to be sold as part of its ongoing turnaround strategy [3][4] - The company aims to reduce its debt and improve financial leverage through asset sales, as indicated by analysts [5][6] - The sale of Dickies to Bluestar Alliance for $600 million is expected to close by the end of the year, subject to regulatory approvals [8] Financial Performance - VF Corp. reported flat year-on-year revenue of $1.8 billion in its most recent quarter, exceeding its own expectations [6] - The company's strongest brands, Timberland and The North Face, continue to perform well [6] Strategic Moves - The divestiture aligns with CEO Bracken Darrell's focus on debt reduction and growth in core brands [5][6] - Bluestar Alliance, the buyer of Dickies, has been actively acquiring brands to expand its portfolio [7][8]
望远镜系列16之VFFY2026Q1经营跟踪:收入略优于预期,Q2指引谨慎
Changjiang Securities· 2025-08-15 02:15
Investment Rating - The industry investment rating is "Positive" and maintained [6] Core Insights - For FY2026Q1 (March 30, 2025 - June 28, 2025), VF achieved revenue of $1.76 billion, a slight decline of 2% year-on-year at fixed exchange rates, which is better than market expectations and the company's prior guidance [2][4] - The gross margin increased by 2.7 percentage points to 53.9%, driven mainly by improved discounts and exchange rate factors [2][4] Revenue Breakdown - **By Brand**: - Vans continued to face pressure with a revenue decline of 15% to $500 million - The North Face grew by 5% to $560 million - Timberland increased by 9% to $260 million [5] - **By Region**: - Revenue in the Americas declined by 3% to $940 million - EMEA saw a decrease of 2% to $550 million - APAC grew by 4% to $270 million, with Greater China down by 6% [5] - **By Channel**: - Direct-to-Consumer (DTC) revenue fell by 4% to $720 million - Wholesale channel revenue remained flat at $1.04 billion [5] Inventory and Tariff Impact - At the end of FY2026Q1, the company's inventory increased by 4% year-on-year to $2.14 billion, maintaining overall healthy inventory quality [10] - Tariff expectations are projected to impact gross profit by $60-70 million in FY2026, with half of this expected to occur in FY2026 [10] Performance Guidance - For FY2026Q2, the company expects revenue to decline by 2%-4% year-on-year at fixed exchange rates, with adjusted operating profit projected between $260 million and $290 million [10]