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VF Corp (VFC.N)

VFC.N on New York Stock Exchange

71.95USD
20 Nov 2017
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$1.14 (+1.61%)
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Latest Key Developments (Source: Significant Developments)

VF Corp announces definitive agreement to acquire Icebreaker
Thursday, 2 Nov 2017 05:00pm EDT 

Nov 2 (Reuters) - VF Corp :VF Corp announces definitive agreement to acquire Icebreaker®, a New Zealand-based outdoor and sport apparel brand.VF Corp - ‍terms of agreement were not disclosed.​.VF Corp - addition of Icebreaker brand to VF's portfolio is expected to be immediately accretive to earnings per share​.  Full Article

VF reports Q3 earnings per share $0.97
Monday, 23 Oct 2017 06:55am EDT 

Oct 23 (Reuters) - VF Corp :VF reports third quarter 2017 results; raises outlook and dividend for 2017.Sees FY 2017 adjusted earnings per share $3.01 from continuing operations.Sees FY 2017 earnings per share $2.73.Sees FY 2017 revenue up about 6 percent.Q3 revenue $3.5 billion versus I/B/E/S view $3.39 billion.Q3 adjusted earnings per share $1.23.Q3 earnings per share $0.97.Q3 earnings per share view $1.12 -- Thomson Reuters I/B/E/S.VF Corp - Sees 2017 ‍gross margin is now expected to approximate 50.0 percent, versus previous expectation of 49.5 percent​.VF Corp - ‍Quarterly dividend rate increased by 10 percent to $0.46 per share​.Vf corp - qtrly ‍inventories were up 1 percent compared with same period of 2016​.VF Corp - 2017 ‍operating margin on a reported basis is expected to be 12.3 percent; 2017 adjusted operating margin is expected to approximate 13.4 percent​.FY2017 earnings per share view $2.98, revenue view $11.88 billion -- Thomson Reuters I/B/E/S.VF - 2017 adjusted EPS outlook includes additional $0.05/share impact from additional investments to drive accelerated growth into 2018 and beyond​.  Full Article

VF Corporation chairman Eric C. Wiseman announces retirement
Monday, 24 Jul 2017 06:55am EDT 

July 24 (Reuters) - Vf Corp :VF Corp - ‍VF's board of directors has elected president, chief executive officer and director Steven E. Rendle, to role of chairman​.  Full Article

VF Corp reports Q2 EPS $0.29 from continuing operations
Monday, 24 Jul 2017 06:55am EDT 

July 24 (Reuters) - Vf Corp :VF reports second quarter 2017 results; raises outlook for 2017.Q2 earnings per share $0.29 from continuing operations.Q2 earnings per share view $0.28 -- Thomson Reuters I/B/E/S.Sees FY 2017 earnings per share $2.94 including items.Q2 revenue $2.4 billion versus I/B/E/S view $2.29 billion.VF Corp qtrly inventories were up 3 percent compared with same period of 2016.‍2017 revenue is now expected to approximate $11.65 billion, up 2 percent on a reported basis​.Expects to return more than $1.8 billion to shareholders in 2017 through share repurchases and dividends, up from prior outlook of $1.6 billion.Updated 2017 EPS outlook includes about a $0.08 per share impact from additional investments to drive accelerated growth into 2018 and beyond​.FY2017 earnings per share view $2.93, revenue view $11.60 billion -- Thomson Reuters I/B/E/S.  Full Article

Lee Jeans names Chris Waldeck as president of Lee and Rock & Republic
Wednesday, 31 May 2017 09:42am EDT 

May 31 (Reuters) - Lee Jeans::Lee® Jeans names Chris Waldeck as president.Waldeck joins Lee and Rock & Republic from Reebok International Ltd.  Full Article

VF Q1 earnings per share $0.52
Friday, 28 Apr 2017 06:55am EDT 

April 28 (Reuters) - Vf Corp :Vf reports first quarter 2017 results; updates 2017 outlook.Q1 earnings per share $0.52.Q1 revenue fell 2 percent to $2.6 billion.Vf corp - q1 revenue from continuing operations decreased 2 percent to $2.6 billion (down 1 percent currency neutral).Qtrly inventories were up 2 percent compared with same period of 2016.Says revenue is expected to increase at a low single-digit percentage rate in 2017.Vf corp- sees 2017 revenue to increase at low single-digit percentage rate including about 2 percentage point negative impact from changes in foreign currency.Vf corp - 2017 earnings per share from continuing operations expected to be down at a low single-digit percentage rate compared to 2016 adjusted eps of $2.98.Vf corp- 2017 earnings per share is expected to be down at a low single-digit percentage rate compared to 2016 adjusted eps of $2.98.  Full Article

VF Corp enters agreement to sell licensed sports group business to Fanatics Inc
Tuesday, 4 Apr 2017 09:20am EDT 

VF Corp : VF Corporation enters into definitive agreement to sell its licensed sports group business to Fanatics, Inc. . VF Corp - terms of agreement were not disclosed. .VF Corp - transaction is expected to close in q2 of this year.  Full Article

VF Corp expects gross margin to reach 51.5 pct in 2021
Thursday, 30 Mar 2017 07:15am 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

BRIEF-VF Corp announces definitive agreement to acquire Icebreaker

* VF Corp announces definitive agreement to acquire Icebreaker®, a New Zealand-based outdoor and sport apparel brand