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 ...

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.

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]

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].

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]

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]

Stock Performance - Baird upgraded Canada Goose, Timberland, Vans parent VF Corp, and Rocky Brand stocks [1] - The upgrades are based on a "favorable 2026 macro scenario" [1]

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]

Core Insights - V.F. Corporation owns well-known outdoor and streetwear brands such as Vans, The North Face, Timberland, and Dickies, which have historically been respected by both investors and consumers [1] Company Overview - The company has experienced challenges over the past few years, impacting its reputation and performance in the market [1]

Group 1: Market Overview - The stock market has shown incredible resiliency in 2025, with the S&P 500 nearing new all-time highs despite trade wars and economic uncertainty [1] - There are solid companies trading at reasonable valuations that are worth buying as August approaches, a historically weak month for markets [1] Group 2: Alibaba (BABA) - Alibaba's shares are starting to recover after a slump, driven by an improving Chinese economy and strong demand for cloud services, with potential to double in price within five years [4] - The e-commerce marketplaces Taobao and Tmall reported a 12% year-over-year growth in customer management revenue for the March-ending quarter, primarily from fees charged to third-party merchants [5] - Alibaba's revenue growth in e-commerce is supported by initiatives like the integration of Cainiao logistics and new software service fees [6] - Alibaba Cloud is experiencing rapid growth, with AI-related product revenue increasing at a triple-digit rate for seven consecutive quarters, positioning the company for strong growth over the next decade [7] - The stock is currently trading at a P/E ratio of 13.5, which is considered a bargain compared to the average S&P 500 P/E ratio of 30, indicating potential for significant upside [8] Group 3: Lululemon (LULU) - Lululemon's stock has declined approximately 45% in 2025, but it is viewed as oversold and trading at a bargain price [9] - The company reported a 7% year-over-year sales increase in the fiscal first quarter, but comparable sales were only up 1%, with a 2% decrease in the Americas region [11] - Lululemon's P/E ratio is currently at 14, and it maintains a strong operating margin of 18.5%, despite a slight decline due to tariffs [12] - Sales in China increased by 22% year-over-year in Q1, providing a positive outlook amidst challenges in the Americas market [13] Group 4: VF Corp (VFC) - VF Corp is considered undervalued, with its stock down about 85% from its peak in 2021, making it a potential investment opportunity [14] - The company showed signs of a turnaround in fiscal Q1, with solid growth in core brands like Timberland (up 11%) and The North Face (up 6%), despite a 14% decline in Vans [16] - VF Corp trades at a price-to-sales ratio of 0.5, indicating upside potential if it can achieve a profit margin of 5%, which would equate to a P/E ratio of 10 [17] - Continued progress in the turnaround could lead to the stock doubling or tripling in value [18]