secwatch.observer — SEC 8-K summary
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Issuer:     V F CORP (VFC)
CIK:        0000103379
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001157523-24-000175
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103379/000115752324000175/0001157523-24-000175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103379/000115752324000175/a53892618.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000175

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