earnings
confidence high
sentiment negative
materiality 0.75
VF reports Q1 revenue down 9% to $1.9B; adj EPS loss $(0.33) vs $(0.15) prior year
V F CORP
2025-Q1 EPS reported
-$0.67
revenue$1,907,301,000
- GAAP loss per share $(0.67) vs $(0.15); adjusted loss per share $(0.33) vs $(0.15).
- Vans revenue fell 21% to $581.8M; The North Face down 3% with DTC up 6% globally.
- Gross margin 52.0%, down 80 bps; adjusted operating margin (4.0)% down 360 bps.
- Inventories down 24% YoY; net debt $5.3B, down ~$587M; reiterated FY25 FCF + asset sale guidance ~$600M.
- Quarterly dividend declared $0.09/share, payable Sep 18, 2024 to holders of record Sep 10.