secwatch.observer — SEC 8-K summary
======================================

Issuer:     V F CORP (VFC)
CIK:        0000103379
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0000103379-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VF Corp Q4 revenue down 13%, EPS $(1.08); Vans sales plunge 26%
---------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103379/000010337924000006/0000103379-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103379/000010337924000006/vfc-20240522.htm
  HTML page:      https://secwatch.observer/filing/0000103379-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer