VF to record $300-450M Supreme impairment; cuts FY23 EPS guidance to $2.60-$2.70

V F CORP

Pre-tax non-cash impairment charge of $300M-$450M on Supreme goodwill and trademark due to higher rates and USD strength.
FY23 revenue growth outlook cut to ~5-6% (constant $) from at least 7%; adjusted EPS now $2.60-$2.70 vs prior $3.05-$3.15.
Vans brand revenue expected down mid-single digit % (constant $) in FY23 vs prior forecast of up mid-single digit.
Q2 FY23 adjusted EPS guided $0.70-$0.75; revenue up low single digit % (constant $).
Long-term FY27 targets: revenue CAGR mid-high single digit %, operating margin ~15%, cumulative $7B returned to shareholders.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.