earnings
confidence high
sentiment negative
materiality 0.78
VF Corp Q4 revenue down 13%, EPS $(1.08); Vans sales plunge 26%
V F CORP
2024-FY EPS reported
-$2.49
revenue$10,454,667,000
- Q4 revenue $2.4B (-13%), reported EPS $(1.08), adjusted EPS $(0.32) vs $0.17 prior year.
- FY24 revenue $10.5B (-10%), adjusted EPS $0.74 vs $2.10; operating cash flow $1.015B, exceeding guidance.
- Vans revenue down 26% (27% constant currency); The North Face down 5% but DTC up 6%.
- Gross margin 48.4% (-120bps); adjusted operating margin (2.1)% (-770bps).
- Board declares $0.09 quarterly dividend payable June 20; FY25 free cash flow target ~$600M.