8-K
filed May 23, 2023, 7:59 PM ET
ticker VFC
CIK 0000103379
earnings
confidence high
sentiment negative
materiality 0.80
VFC Q4 rev $2.7B (-3%), GAAP loss $0.55/sh; Vans -14%, North Face +12%
V F CORP
2023-FY EPS reported
$0.31
revenue$11,612,475,000
- Q4 GAAP EPS $(0.55) vs $0.21 YoY; adjusted EPS $0.17 vs $0.45.
- Revenue $2.7B (-3% reported, flat constant currency); FY23 rev $11.6B (-2%).
- Vans revenue down 14% (-12% cc); The North Face up 12% (16% cc).
- Inventory up 62% YoY; board declares $0.30/shr dividend payable June 20.
- FY24 outlook: EPS $2.05-$2.25; revenue flat to slight in constant currency.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
V F CORP reported FY24 results: EPS $2.05 to $2.25. Guidance initiated.
- Period
- FY24
- EPS
- $2.05 to $2.25
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
FY24 Financial Outlook Total VF revenue flat to up slightly in constant dollars, including Q1'FY24 revenue down high-single digits in constant dollars reflecting a challenging US Wholesale environment Gross margin up at least 100 basis points, benefiting from a lower promotional environment across the marketplace Operating margin expansion, driven by the higher gross margins supporting modest increases in SG&A EPS of $2.05 to $2.25
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
V F CORP reported FY23 results: revenue $11.6 billion, EPS $0.31.
- Period
- FY23
- Revenue
- $11.6 billion
- EPS
- $0.31
- Result
- reported results
Exact text from the filing
FY23 Financial Highlights Revenue $11.6 billion, down 2% (up 3% in constant dollars) EPS $0.31 vs. FY22 $3.10; Adjusted EPS $2.10 vs. FY22 $3.18
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
V F CORP reported Q4'FY23 results: revenue $2.7 billion, EPS $(0.55).
- Period
- Q4'FY23
- Revenue
- $2.7 billion
- EPS
- $(0.55)
- Result
- reported results
Exact text from the filing
Q4'FY23 Financial Highlights Revenue $2.7 billion, down 3% (flat in constant dollars) Earnings (loss) per share (EPS) $(0.55) vs. Q4'FY22 $0.21; Adjusted EPS $0.17 vs. Q4'FY22 $0.45
View on SEC.gov
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