secwatch.observer — SEC 8-K summary
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Issuer:     V F CORP (VFC)
CIK:        0000103379
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001157523-22-001399
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VF Q2 FY23 GAAP EPS loss $(0.31); revises FY23 adjusted EPS down to $2.40-$2.50
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- Revenue $3.1B, -4% reported (+2% constant dollar); Vans revenue -13% (-8% constant dollar).
- GAAP operating loss $90.8M; adjusted operating margin 12.3%, -440 bps.
- Adjusted EPS $0.73, -34%; gross margin 51.4%, -230 bps on higher costs and promotions.
- Inventories up 88% YoY; returned $194M via dividends; quarterly dividend raised 2% to $0.51.
- FY23 outlook: adjusted gross margin down 100-150 bps, adjusted EPS $2.40-$2.50 from $2.60-$2.70.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103379/000115752322001399/0001157523-22-001399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103379/000115752322001399/a52952640.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001399

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