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VF Corp (VFC.N)

VFC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

VF Corp expects gross margin to reach 51.5 pct in 2021
7:15am EDT 

VF Corp : VF Corp introduces 2021 strategic growth plan; updates strategy and long-term financial outlook . Says revenue through 2021 is expected to grow at a five-year compounded annual growth rate (CAGR) between 4 percent and 6 percent . VF Corp - earnings per share is expected to grow at a five-year CAGR of between 10 percent and 12 percent in 2021 . VF Corp - gross margin is expected to reach 51.5 percent in 2021 . Operating margin is expected to reach 16.0 percent in 2021 . VF Corp - board of directors also approved a new $5 billion share repurchase authorization . Expects to generate more than $9 billion of cash from operations on a cumulative basis between 2017 and 2021 . VF - expects to deliver annual total shareholder return in 13 percent to 15 percent range through 2021 . VF Corp says board authorized change in fiscal year end from Saturday closest to December 31 of each year to saturday closest to March 31 of each year . VF Corp - expects to generate more than $9 billion of cash from operations from 2017 to 2021 and return $8 billion to shareholders through dividends & share repurchases . VF Corp - will report results for fiscal 2017 in Feb 2018, for three-month transition period of Dec 31, 2017 through March 31, 2018, in April 2018.  Full Article

VF Corporat announces fourth quarter 2016 earnings date
Wednesday, 1 Feb 2017 06:55am EST 

VF Corp - :VF Corporation announces fourth quarter 2016 earnings and conference call date.  Full Article

VF International's VP Karl Salzburger to retire by 2017 end
Wednesday, 7 Dec 2016 06:00am EST 

Vf Corp : Says Kevin Bailey will become president of VF's Asia-Pacific region . Aidan o'meara will assume role of vice president & group president, vf international, effective april 1, 2017 .Karl Heinz Salzburger, vice president & group president, vf international, to retire at the end of 2017.  Full Article

VF Corp recommends shareholders reject "mini-tender" offer by TRC Capital
Friday, 5 Aug 2016 04:30pm EDT 

VF Corp : VF Corporation recommends shareholders reject "mini-tender" offer by trc capital corporation . Received notice of an unsolicited "mini-tender" offer by TRC Capital to purchase up to 2 million shares of VF common stock .Offer by TRC Capital to purchase up to 2 million shares of VF common stock at a price of $59.75 per share in cash..  Full Article

VF Corp Q2 earnings $0.35/share
Friday, 22 Jul 2016 06:55am EDT 

VF Corp : VF Corp reports second quarter 2016 results . Q2 earnings per share $0.35 . Q2 earnings per share view $0.34 -- Thomson Reuters I/B/E/S . Q2 revenue $2.4 billion versus I/B/E/S view $2.53 billion . VF Corp says "Q2 results were in line with our expectations, despite a challenging environment with mixed economic and currency conditions." . 2016 revenue is expected to increase 3 to 4 percent versus previous outlook of a mid-single-digit percentage rate increase. . 2016 reported earnings per share is expected to increase 5 percent to $3.20 (up 11 percent currency neutral) . Quarterly inventories were up 6 percent compared with same period of 2015. . Full-year 2016 earnings per share view $3.23, revenue view $12.86 billion -- Thomson Reuters I/B/E/S . In 2016, company has purchased a total of 13.2 million shares for $834 million, well on track to achieve its $1 billion target for full year. .VF Corp sees gross margin to improve by about 50 basis points to 48.7 percent, includes about 70 basis points of headwind from changes in foreign currency..  Full Article

Delta Galil to acquire contemporary premium brands from VF Corp
Thursday, 30 Jun 2016 01:00am EDT 

Delta Galil Industries : Delta Galil to acquire contemporary premium brands from VF Corp .Deal expected to be accretive to Delta Galil's earnings in 2017.  Full Article

VF Corp Board declared quarterly dividend of $0.37 per share
Friday, 19 Feb 2016 06:55am EST 

VF Corp:Board of directors declared a quarterly dividend of $0.37 per share.Payable on March 18, 2016 to shareholders of record on March 8, 2016.  Full Article

VF Corp declares dividend declares dividend
Friday, 24 Jul 2015 07:00am EDT 

VF Corp:Declares quarterly dividend of $0.32 per share, payable on Sept. 18 to shareholders of record on Sept. 8.  Full Article

VF Corp reaffirms FY 2015 revenue guidance; raises FY 2015 EPS guidance
Friday, 24 Jul 2015 07:00am EDT 

VF Corp:Says FY 2015 revenue expectations are unchanged, with an 8 pct. increase on a currency neutral basis (up 3 pct. reported).Says FY 2015 earnings per share (EPS), on a currency neutral basis, is now expected to increase 15 pct. compared to adjusted EPS of $3.08 in FY 2014.Says this is an increase from previous expectation of 14 pct. per share growth provided on May 1.  Full Article

VF Corp announces new position of President
Wednesday, 24 Jun 2015 04:15pm EDT 

VF Corp:Says Steven E. Rendle named to new position of President.  Full Article

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BRIEF-VF Corp expects gross margin to reach 51.5 pct in 2021

* VF Corp introduces 2021 strategic growth plan; updates strategy and long-term financial outlook