经济观察网威富集团(VFC.US)未来有几个方面的事件值得关注。 近期事件 公司于2023年启动的"Reinvent"重塑计划已进入第二阶段，重点是恢复增长并提高盈利能力。截至2026 财年第一季度末，与重塑相关的重组行动已基本完成。未来的关注点在于该计划能否持续推动关键品牌 (如Vans、The North Face)在主要市场的复苏，特别是其在亚太地区的拓展举措，例如The North Face计 划在中国升级门店网络、建立会员中心等。 品牌市场活动 公司正积极拓展中国市场，例如在2026年1月于北京开设了Smartwool品牌全国首店。未来其旗下品牌 (如The North Face、Vans)在中国市场的本土化运营、门店网络扩张以及消费者反响将是观察重点。 机构观点 机构观点可能影响市场情绪。例如，Telsey Advisory Group在2026年1月28日维持对威富的"市场持平"评 级。未来是否有其他重要机构调整其评级或目标价也值得留意。 以上内容基于公开资料整理，不构成投资建议。 业绩经营情况 威富集团在2025年10月28日发布了2026财年中期报告。市场将密切关注其后续的季度及年度财务报告 ...

股票近期走势 机构观点 经济观察网VF集团发布2026财年第三季度财报，期内总营收为28.76亿美元，同比增长1%(剔除已出售 的Dickies品牌后同比增长4%)，超出分析师预期；营业利润达2.89亿美元，同比大幅增长28%。分品牌 看，核心品牌The North Face全球收入同比增长8%(固定汇率计增长5%)，Timberland增长8%，但Vans下 降8%。地区表现分化显著：美洲收入增长2%，实现三年最强业绩，而大中华区营收同比下滑6%(固定 汇率计下滑8%)，连续多个季度承压。公司CEO Bracken Darrell表示，亚太市场疲软源于竞争加剧及品 牌定位挑战，但通过产品创新和DTC渠道优化，全球增长目标仍有望达成。 近7日(2026年2月5日至11日)，VF集团股价波动加剧。2月5日因财报后情绪消化单日下跌5.10%(收盘价 20.10美元)，随后于2月9日反弹3.74%(收盘价21.10美元)，但2月11日收于20.77美元，全周累计跌幅 1.94%。成交活跃度较高，2月6日成交量达745.9万股，换手率1.91%；2月10日股价触及周内高点21.32 美元，振幅达6.70%。板块方面， ...

Core Thesis - V.F. Corporation (VFC) is experiencing a significant growth trajectory, with 75% of its business showing growth this quarter, an increase from 65%-70% last quarter and 60% in 1Q26, indicating a broad-based recovery across multiple segments and geographies [3][6] Financial Performance - As of February 5th, VFC's share price was $20.10, with trailing and forward P/E ratios of 37.16 and 18.42 respectively [1] - The Americas region has shown particularly strong performance, noted as one of the best in over three years, with positive gross margin trends and an optimistic outlook for reaching or exceeding a long-term target of 55% [4] Direct-to-Consumer Channel - Growth in the direct-to-consumer (DTC) channel is highlighted as a key driver of consumer demand, providing a fast lever for scaling new products, especially through digital platforms [4][6] Brand Performance - Vans brand is stabilizing despite facing revenue headwinds, with expected declines in the mid-single digits for 4Q26, while global e-commerce growth marks the first increase in over four years [5] - Altra is being cultivated as a high-potential brand, with a revenue target of $1 billion, emphasizing a disciplined approach to debt and a focus on organic growth [6] Management Strategy - Management maintains a transparent guidance philosophy aimed at achieving the top end of revenue ranges, with a focus on robust DTC and digital execution [6] - The company has seen a stock price appreciation of approximately 72% since previous bullish coverage, reflecting improved revenue, EPS, gross margins, and debt reduction [7]

Analysts are on the fence about VFC stock. Of the 22 analysts that cover it, only three rate it a Buy (3.00 out of 5), with an $18.58 target price. However, the Barchart Technical Opinion is a Strong Buy, indicating a much more positive near-term outlook.The apparel and footwear manufacturer, whose three leading brands are The North Face, Vans, and Timberland, is in the midst of a turnaround that’s seen divestitures, job cuts, and other drastic measures to rightsize the business and prepare it for renewed g ...

Core Insights - The performance of V.F. (VFC) in international markets is crucial for assessing its financial resilience and growth prospects [1][2] Group 1: International Revenue Performance - VFC's total revenue for the quarter was $2.88 billion, reflecting a 1.5% increase year-over-year [4] - Asia-Pacific revenue was $408.4 million, accounting for 14.2% of total revenue, which was a decline of 7.16% from the expected $439.9 million [5] - European revenue reached $928.7 million, making up 32.3% of total revenue, also falling short by 2.72% from the anticipated $954.64 million [6] Group 2: Future Revenue Projections - Analysts project VFC's total revenue for the current fiscal quarter to be $2.13 billion, a decrease of 0.7% from the previous year [7] - Expected contributions from Asia-Pacific and Europe for the current quarter are 16% ($340.15 million) and 41% ($871.87 million), respectively [7] - For the full year, total revenue is anticipated to be $9.24 billion, down 4.1% from last year, with Asia-Pacific and Europe projected to contribute 15.4% ($1.42 billion) and 37.2% ($3.43 billion) of total revenue [8] Group 3: Market Context and Analyst Sentiment - The interconnected global economy presents both opportunities and challenges for VFC, making the analysis of international revenue trends essential for forecasting [9][10] - Recent stock performance shows VFC's shares increased by 7.9% over the past month, outperforming the S&P 500's 0.7% increase [13] - Over the last three months, VFC's stock rose by 33.8%, while the S&P 500 increased by only 2.1% [13]

Investment management company Curreen Capital released its fourth-quarter 2025 Investor letter. A copy of the letter can be downloaded here. Curreen Capital Partners reported robust results in 2025, retuning 10.5% in Q4 and 30.97% for the full year. The firm focuses on investing in "ugly ducklings", i.e., companies that are good, well-managed, and trading at an attractive price. The firm was consistent with its investment plan, and the "ugly duckling" holdings performed well and exhibited solid results. Pl ...

Investment Rating - The investment rating for the industry is "Positive" and maintained [9] Core Insights - In FY2026Q3 (September 28, 2025 - December 27, 2025), VF achieved revenue of $2.88 billion, with a year-over-year increase of 2% after excluding the impact of Dickies. This performance exceeded market expectations and the company's prior guidance [2][6] - The gross margin increased by 0.1 percentage points to 57.0%, primarily due to effective cost control offsetting tariff impacts [2][6] Revenue Breakdown - **By Brand**: Revenue performance met expectations, with Vans under pressure but showing growth in e-commerce. For FY2026Q3, revenue for Vans/The North Face/Timberland/Other brands was down 10%/up 5%/up 5%/up 4% to $558 million/$1.36 billion/$570 million/$392 million respectively [7] - **By Region**: The Americas showed strong performance, while Greater China continued to be a drag. Revenue for the Americas/EMEA/APAC regions was up 6%/down 3%/down 4% to $1.54 billion/$929 million/$408 million respectively, with Greater China down 6% [7] - **By Channel**: E-commerce drove growth, while wholesale channels faced slight pressure. Revenue for DTC/wholesale channels was up 3%/down 1% to $1.63 billion/$1.25 billion, with e-commerce revenue up 10% [7] Inventory Situation - As of FY2026Q3, the company's inventory amount was down 8% year-over-year to $1.66 billion, indicating manageable inventory levels [8] Performance Guidance - For FY2026Q4, the company expects revenue to be flat to up 2% year-over-year, with gross margin expected to remain stable or slightly increase. Adjusted operating profit is projected to be between $10 million and $30 million [8]

Core Viewpoint - VF Corporation reported better-than-expected financial results for Q3 of FY2026, with a slight revenue increase of 2% to $2.876 billion, excluding the sale of the Dickies brand, revenue rose from $168 million to $301 million [1][2] Financial Performance - Revenue for the Active Segment, which includes Vans, reached $672 million, down 6.2% year-over-year, with a loss of $4.6 million, marking the first loss for this segment [3][4] - Vans' global revenue decreased by 8% year-over-year in the last three months, with declines of 7% in the Americas, 20% in the Asia-Pacific, and 6% in Europe; over the past nine months, global revenue fell by 10% [5][6] Brand Analysis - Vans, once a leading brand for VF Corporation, is now the only core asset experiencing continuous negative growth, contrasting with the performance of The North Face and Timberland [8][9] - The decline in Vans' sales is attributed to changing consumer preferences and a lack of innovation in its product offerings, which are perceived as overly simplistic compared to competitors [9][11] Strategic Adjustments - VF Corporation is undergoing a restructuring of Vans, including the closure of 140 stores globally, which represents about 20% of its retail network, and a redesign of existing stores [12][14] - The company is attempting to diversify Vans' product line by reducing reliance on classic styles and enhancing women's product lines and collaborations [14] Market Position and Future Outlook - Despite Vans' cultural significance and global recognition, its ability to convert these assets into purchasing power in the new consumer cycle remains uncertain, raising questions about its future viability [14]

Goldman Sachs sets a price target for VF Corp (NYSE:VFC) at $18, indicating a potential downside.The company's recent return to organic growth follows the divestment of its Dickies brand, aiming to streamline operations.Vans brand shows weakness, impacting VF Corp's overall performance amidst market volatility.VF Corp (NYSE:VFC) is a global leader in branded lifestyle apparel, footwear, and accessories. The company owns a diverse portfolio of brands, including The North Face, Timberland, and Vans. Recently, ...

Goldman Sachs maintains a Neutral rating on VF Corp (NYSE:VFC), raising its price target from $16 to $18.VF Corp reports strong third-quarter earnings, with earnings of $0.58 per share and revenue of $2.88 billion, surpassing Wall Street expectations.The company's gross margin improved to 56.6%, and operating income increased to $289 million.VF Corp (NYSE:VFC), the parent company of well-known brands like The North Face, Vans, and Timberland, is a major player in the apparel and footwear industry. On Januar ...