secwatch.observer — SEC 8-K summary
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Issuer:     V F CORP (VFC)
CIK:        0000103379
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0000103379-24-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VF Corp Q2 revenue down 6% to $2.8B; Vans decline slows to 11%
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- Revenue $2.8B, down 6% YoY; sequential improvement from Q1 down 10%.
- Gross margin 52.2% (+120bps); adjusted EPS $0.60 vs $0.63 last year.
- Vans revenue down 11% (improved from -21% in Q1); The North Face down 3%.
- Net debt $5.7B; Supreme sale net proceeds $1.475B used to pay down term loan.
- Q3 FY25 revenue guidance $2.7-2.75B (down 1-3%); FY25 FCF guidance revised to ~$425M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103379/000010337924000028/0000103379-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103379/000010337924000028/vfc-20241028.htm
  HTML page:      https://secwatch.observer/filing/0000103379-24-000028

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