VF Corp

VFC

Equity

ISIN US9182041080 / Valor 983365

New York Stock Exchange, Inc (2024-12-11)

USD 21.28+2.06%

VF Corp
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About company

VF Corp is a global apparel, footwear, and accessories company that owns a portfolio of well-known outdoor, active, and workwear brands. The company aims to connect people to the lifestyles, activities, and experiences they value most. With a focus on providing quality products for various consumer segments, VF Corp has established itself as a leader in the industry, offering a wide range of clothing and accessories for different purposes and occasions.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Decline

VF Corp reported a revenue of $1.9 billion for the first quarter of fiscal 2025, which ended on June 29, 2024. This represents a 9% decrease compared to the same period in the previous year. In constant dollars, the revenue decline was 8%.

Gross Margin Contraction

For Q1'FY25, VF Corp's gross margin was 52.0%, down by 80 basis points from the previous year. The contraction was driven by 60 basis points of unfavorable rate, including foreign currency headwinds, and 20 basis points from an unfavorable mix.

Operating Margin and Loss Per Share

VF Corp's operating margin for Q1'FY25 was (12.6)%, a decline of 1,220 basis points. The adjusted operating margin was (4.0)%, down 360 basis points. The company reported a loss per share of $(0.67), compared to $(0.15) in Q1'FY24. The adjusted loss per share was $(0.33), compared to $(0.15) in the same quarter last year.

Balance Sheet Improvements

Ending inventories for VF Corp in Q1'FY25 were down 24% compared to the prior year. Net debt at the end of the quarter was $5.3 billion, a reduction of approximately $587 million relative to the previous year.

Shareholder Returns

VF Corp returned $35 million to shareholders through cash dividends in Q1'FY25. The Board of Directors declared a quarterly dividend of $0.09 per share, payable on September 18, 2024, to shareholders of record at the close of business on September 10, 2024.

Summarized from source with an LLMView Source

Key figures

16.7%1Y

-72.0%3Y

-76.8%5Y

Performance

59.3%1Y

51.4%3Y

49.2%5Y

Volatility