VF Corp Q3 FY2024 revenue down 16% to $3.0B; adjusted EPS $0.57 vs $1.12; launches portfolio review

V F CORP

2024-Q3 EPS reported -$1.42 revenue$8,080,858,000

Revenue $3.0B, down 16% YoY; loss per share $(0.11) vs EPS $1.31; adjusted EPS $0.57 vs $1.12.
Vans revenue down 28%; The North Face down 10%; Americas down 24%; APAC up 2%.
Inventories down 17% YoY; net debt reduced ~$640M; free cash flow guidance reiterated ~$600M.
Board declared quarterly dividend of $0.09 per share, payable Mar 20, 2024 to holders of record Mar 11.
Initiated strategic portfolio review of brand assets as part of Reinvent transformation program.

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 third quarter fiscal 2024 ended December 30, 2023 results: revenue $3.0 billion. Guidance reaffirmed.

Period: third quarter fiscal 2024 ended December 30, 2023
Revenue: $3.0 billion
Guidance: reaffirmed
Result: reported results

Exact text from the filing

we approach the end of this fiscal year, my confidence in VF’s future is rising." Q3'FY24 Financial and Operating Highlights Revenue down 16% (down 17% in constant dollars) to $3.0 billion The quarter was negatively impacted by a shift in timing of wholesale deliveries, which was most pronounced for The North Face ® and the EMEA region Loss per share $(0.11) versus

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Source: SEC EDGAR

accession 0001157523-24-000175

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