secwatch.observer — SEC 8-K summary
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Issuer:     V F CORP (VFC)
CIK:        0000103379
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0000103379-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VF reports Q1 revenue down 9% to $1.9B; adj EPS loss $(0.33) vs $(0.15) prior year
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103379/000010337924000016/0000103379-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103379/000010337924000016/vfc-20240806.htm
  HTML page:      https://secwatch.observer/filing/0000103379-24-000016

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