4 minutes

VF Corp Investor Day 2019: A Purpose-Led, Performance-Driven Strategy for Growth

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Other Contributors:
Marie Driscoll, CFA, Managing Director of Beauty and Luxury
Event Coverage

Executive Summary

On September 25, 2019, VF Corporation hosted its investor day at its new corporate headquarters in Boulder, Colorado.

  • VF articulated a purpose-led, performance-driven strategy for growth, and introduced revenue and earnings per share (EPS) 2024 targets.
  • The company outlined a five-year plan to grow revenues to $15.4-15.6 billion by FY24, at a 7%–8% CAGR.
  • VF’s four power brands, direct-to-consumer (DTC) and international will set the growth pace.
  • EPS is projected to grow at a 12-14% CAGR through FY24, benefitting from modest margin expansion and share repurchases in addition to the projected revenue gains.

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