VF Corp Q1 FY24: revenue -8% to $2.1B, adj. LPS $(0.15); reaffirms FY EPS $2.05-$2.25

V F CORP

2024-Q1 EPS reported -$0.15 revenue$2,086,336,000

Revenue $2.09B, down 8% YoY; adjusted loss per share $(0.15) vs. adj. EPS $0.09 last year.
The North Face up 12% (10th straight double-digit constant dollar growth); Vans down 22%.
FY24 EPS guidance reaffirmed $2.05-$2.25; revenue outlook revised to modestly down to flat.
Free cash flow expected ~$900M; quarterly dividend declared $0.30/share payable Sept 20.
Inventories up 19% YoY to $1.45B; accounts payable up 25% from modified supplier terms.

item 2.02 item 9.01

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 Q1 FY2024 results: revenue $2.1 billion, EPS $(0.15). Guidance reaffirmed.

Period: Q1 FY2024
Revenue: $2.1 billion
EPS: $(0.15)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

VF Corporation Reports First Quarter Results and Maintains FY24 Earnings Outlook DENVER--(BUSINESS WIRE)--August 1, 2023--VF Corporation (NYSE: VFC) today announced financial results for its first quarter (Q1'FY24) ended July 1, 2023. Q1'FY24 Financial Highlights Revenue down 8% to $2.1 billion Loss per share down 2% to $(0.15); adjusted loss per share $(0.15) vs. Q1'FY23 adjusted earnings per share $0.09

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

V F CORP filing history →

Source: SEC EDGAR

accession 0001157523-23-001206

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