Key TakeawaysVF Corporation shares surged close to 30% in early trading Tuesday after the apparel giant posted profit and sales that beat analysts' estimates. The company said its turnaround plan is working, with CEO Bracken Darrell noting it is on track to meet its full-year savings goal.Tuesday's gains sent VF shares into positive territory for the year. VF Corporation (VFC) shares skyrocketed in early trading Tuesday after the struggling apparel maker posted better-than-expected results and gave a strong ...

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V.F. Corporation VFC reported better-than-expected second-quarter financial results on Monday.VF Corp, the parent company of Vans and The North Face, reported second-quarter revenue of $2.8 billion, beating the consensus estimate of $2.7 billion, according to Benzinga Pro. The company reported second-quarter earnings of 60 cents per share, beating analyst estimates of 37 cents per share."Our results in the quarter met our expectations and reflect a sequential and broad-based improvement in year-on-year tren ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of VFC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The contents of this article, my previous articles, and my comments are for informational purposes only and may not be considered investment an ...

Financial Data and Key Metrics Changes - Q2 revenue was down 6% year-over-year, an improvement from a 10% decline in Q1 [19] - Gross margin increased by 120 basis points to 52.2% [22] - SG&A expenses decreased by 14% year-over-year, better than expectations [23] - Operating margin was 11.4%, down 60 basis points compared to last year [24] - Diluted earnings per share were $0.60, down $0.03 from fiscal '24 [24] Business Line Data and Key Metrics Changes - Vans revenue was down 11% in Q2, improving from a 21% decline in Q1 [19] - The North Face revenue decreased by 4%, consistent with prior guidance [20] - Timberland revenue improved sequentially to a decline of 3% in Q2 from a 9% decline in Q1 [17] - Dickies revenue was down 11% in Q2, an improvement from a 14% decline in Q1 [20] Market Data and Key Metrics Changes - Americas region revenue was down 9% in Q2, improving from a 13% decline in Q1 [21] - EMEA region revenue decreased by 5%, with September marking the strongest month ever for the region [21] - APAC region revenue increased by 5%, driven by strength in the North Face and China [21] Company Strategy and Development Direction - The company aims to lower its cost base, achieving $65 million in cost savings during Q2, with a target of $300 million by the end of the fiscal year [9] - Strengthening the balance sheet is a priority, with inventories down 13% and net debt reduced by almost $450 million year-over-year [10] - The company is focused on fixing the U.S. business and turning around Vans, with improvements in forecasting accuracy [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the transformation taking place at the company and the progress made in Q2 [8] - The company anticipates further sequential improvement in Q3, with revenue expected to be in the range of $2.7 billion to $2.75 billion [26] - Management noted that the wholesale business is on the right trajectory, with positive feedback from partners [34] Other Important Information - The company completed the sale of Supreme, with net proceeds of almost $1.5 billion [10] - The company plans to provide quarterly guidance moving forward, reflecting improved visibility into operations [56] Q&A Session Summary Question: What are the drivers of the business that are becoming more predictable? - Management noted improvements in forecasting accuracy across revenue, gross margins, and SG&A, particularly in the Americas [31] Question: What are the incremental investments being contemplated? - Investments will focus on product and marketing as savings from the Reinvent program are reinvested [32] Question: How is the health of the overall wholesale business? - Management feels positive about the wholesale business trajectory, especially in the Americas [34] Question: What are the expectations for free cash flow in the second half? - Management refrained from providing specific quarterly guidance but expressed confidence in overall free cash flow expectations [37] Question: What is the outlook for gross margin moving forward? - Management expects gross margin to improve in Q3 and Q4, benefiting from lower product costs and fewer reserves [49] Question: What is the current state of the North Face in North America? - Management indicated optimism about the North Face's performance, with expectations that it cannot be worse than the previous year [51] Question: What is the status of the Vans turnaround? - Management reported that wholesale is currently outperforming B2C, with positive feedback from wholesale partners [44] Question: What is the status of inventory levels? - Inventory levels are down 13%, and management expects to maintain or reduce these levels as revenue grows [78]

V.F. (VFC) reported $2.76 billion in revenue for the quarter ended September 2024, representing a year-overyear decline of 9.1%. EPS of $0.60 for the same period compares to $0.63 a year ago. The reported revenue represents a surprise of +2.06% over the Zacks Consensus Estimate of $2.7 billion. With the consensus EPS estimate being $0.41, the EPS surprise was +46.34%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Exhibit 99 VF CORPORATION REPORTS SECOND QUARTER FISCAL 2025 RESULTS DENVER, October 28, 2024 - VF Corporation (NYSE: VFC) today reported financial results for its second quarter (Q2'FY25) ended September 28, 2024, and the Company's Board of Directors authorized a quarterly per share dividend of $0.09. Bracken Darrell, President and CEO, said: "Our results in the quarter met our expectations and reflect a sequential and broad-based improvement in year-on-year trends. At the same time, we made further progre ...

V.F. Corporation (VFC) is likely to register top and bottom-line declines year over year when it posts second-quarter fiscal 2025 results on Oct. 28, after the closing bell. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.8 billion, indicating a 7.3% decline from the prior-year quarter’s figure.The consensus estimate for earnings is pegged at 42 cents per share, which indicates a decrease of 33.3% from the year-ago quarter’s figure. The metric has fallen by a penny in the past seven days ...

A negative analyst note weighed on the stock.Shares of VF (VFC -3.60%) were getting dinged again this week as the struggling apparel company that owns Vans and North Face got a bearish analyst note.With Treasury yields rising this week, investor expectations for near-term growth also seem to be weakening -- higher yields are a sign that Federal Reserve rate cuts may not come as fast as some had expected.As of 1:02 p.m. ET on Thursday, the stock was down 15.2% for the week, according to data from S&P Global ...

Wall Street analysts expect V.F. (VFC) to post quarterly earnings of $0.44 per share in its upcoming report, which indicates a year-over-year decline of 30.2%. Revenues are expected to be $2.84 billion, down 6.5% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earnings d ...