secwatch.observer — SEC 8-K summary
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Issuer:     V F CORP (VFC)
CIK:        0000103379
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001157523-23-001206
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103379/000115752323001206/0001157523-23-001206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103379/000115752323001206/a53494436.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001206

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