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VF Corp (VFC)

VFC on New York Consolidated

76.15USD
11 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Vf Reports Second Quarter Fiscal 2019 Results Raises Dividend And Full Year Fiscal 2019 Outlook
Friday, 19 Oct 2018 06:55am EDT 

Oct 19 (Reuters) - VF Corp ::VF REPORTS SECOND QUARTER FISCAL 2019 RESULTS; RAISES DIVIDEND AND FULL YEAR FISCAL 2019 OUTLOOK.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $3.65.Q2 EARNINGS PER SHARE $1.26 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE VIEW $1.33 -- THOMSON REUTERS I/B/E/S.SEES FY 2019 REVENUE UP AT LEAST 11 PERCENT.SEES FY 2019 REVENUE AT LEAST $13.7 BILLION.RAISES DIVIDEND AND FULL YEAR FISCAL 2019 OUTLOOK.QUARTERLY DIVIDEND INCREASED BY 11 PERCENT TO $0.51 PER SHARE..FY EARNINGS PER SHARE VIEW $3.65, REVENUE VIEW $13.71 BILLION -- THOMSON REUTERS I/B/E/S.INVENTORIES AT QUARTER END WERE UP 22 PERCENT COMPARED WITH SAME PERIOD LAST YEAR..QTRLY REVENUE FROM CONTINUING OPERATIONS INCREASED 15 PERCENT (UP 16 PERCENT IN CONSTANT DOLLARS) TO $3.9 BILLION.COMBINED NET CHARGES NEGATIVELY IMPACTED EARNINGS PER SHARE BY $0.17 DURING Q2 OF FISCAL 2019.ADJUSTED FY2019 EARNINGS PER SHARE IS NOW EXPECTED TO BE $3.65.Q2 REVENUE VIEW $3.87 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Vans Brand Targets $5 Bln In Revenue By Fiscal Year 2023
Wednesday, 12 Sep 2018 06:55am EDT 

Sept 12 (Reuters) - VF Corp ::VANS BRAND TARGETS $5 BILLION IN REVENUE BY FISCAL YEAR 2023.VANS SAYS 2023 FINANCIAL TARGETS INCLUDE FOOTWEAR REVENUE EXPECTED TO GROW AT FIVE-YEAR COMPOUNDED ANNUAL GROWTH RATE BETWEEN 10 PERCENT AND 12 PERCENT.VANS- OVER NEXT 5 YEARS, VANS BRAND TARGETS REVENUE IN AMERICAS REGION TO REACH ABOUT $3 BILLION.VANS SAYS FOOTWEAR REVENUE SEEN TO GROW AT A 5-YEAR CAGR BETWEEN 10 PERCENT AND 12 PERCENT.VANS SAYS 2023 FINANCIAL TARGETS INCLUDE APPAREL AND ACCESSORIES REVENUE EXPECTED TO GROW TO MORE THAN $1 BILLION.  Full Article

VF Corp Says Robert Shearer To Be Chairman Of Newco Board
Monday, 13 Aug 2018 06:44am EDT 

Aug 13 (Reuters) - VF Corp ::VF CORP SEES DIVIDEND RISE ON COMBINED BASIS, SUBJECT TO BOARD APPROVAL - PRESENTATION.VF CORP - ROBERT SHEARER TO BE CHAIRMAN OF NEWCO BOARD.VF CORP SAYS EXPECTS TO FINALIZE NEWCO EXECUTIVE MANAGEMENT, BOARD OF DIRECTORS COMPOSITION IN H2 2018.VF CORP SAYS EXPECT TO INCUR ONE-TIME CHARGES RELATED TO PLANNED SPIN-OFF OF NEWCO.VF CORP SAYS EXPECT MINIMAL DIS-SYNERGIES ON AN ONGOING BASIS RELATED TO PLANNED SPIN-OFF OF NEWCO.  Full Article

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 Corp jeanswear spin-off to be called Kontoor Brands

VF Corp has named its jeanswear business it plans to spin off next year Kontoor Brands Inc, the apparel maker said on Thursday.