VF corp reported its 1Q20 earnings with both revenue and EPS ahead of consensus, raising guidance for FY20.
VF Corp. total revenues were $3.21 billion, up 5.5% year over year (9% at constant currency), in line with the consensus estimate. Adjusted EPS declined 10.4% to $0.60, beating the $0.58 consensus estimate.
US Retail Inventory Tracker, 4Q18: Potential Tariff Hike and Poor Holiday Sales Lead to Higher Inventories
In this first of our quarterly US Retail Inventory Tracker reports we analyze inventory trends among our Coresight 100 US retailers.
New digital marketplaces have made the apparel and footwear market truly global, giving consumers access to brands and products once available only by traveling. Brands are bringing products to neighborhoods that previously had very little access to the latest fashion trends.
VF Corp. reported adjusted fiscal 3Q19 EPS of $1.31, up from $1.01 in the year-ago quarter and above the $1.10 consensus estimate. Total revenues were $3.94 billion, up 8.0% year over year (10% at constant currency). Excluding Kontoor Brands (scheduled to be spun off at the end of April), revenues rose 12%. By segment, Outdoor revenues rose 11% to $1.61 billion; Active revenues increased 16% to $1.14 billion; Work segment revenues rose 9% to $62.6 million and Jeans revenues declined 27% to $67.8 million. By channel, direct-to-consumer (DTC) rose 9%, Digital (within DTC) rose 21% and Wholesale increased 6%. By region,
The four pillars of VF’s five-year plan, announced in 2017: reshaping the company’s brand portfolio, transforming to a consumer-centric model, elevating direct-to-consumer led by digital, and investing in Asia, especially China. Since announcing , VF has transformed its brand portfolio with asset purchases (including Williamson-Dickie, Icebreaker and Altra) and divestitures (such as Nautica and Majestic), allowing the company to focus on activity-based outdoor, active and work lifestyle products. During the first half of 2019, VF plans a tax-free spinoff of its jeans and outlet businesses, which generate around $2.5 billion in sales, to be called Kontoor Brands. This separation supports
VF Corporation reported 1Q19 adjusted EPS of $0.43, above the consensus estimate of $0.33. Revenues were $2.79 billion, beating the consensus estimate of $2.68 billion.
Weekly Store Openings and Closures Tracker 2018, Week 10: Foot Locker to Close 110 Stores, Open 40 this Year
Year-to-date 2018, the number of US store closure announcements stands at 2,160 and the number of store openings is 1,588. Year to date in the UK, there have been 76 store closure announcements and 491 store opening announcements.
VF Corporation reported 4Q17 adjusted EPS of $1.01. Revenues were $3.65 billion, slightly below the consensus estimate of $3.67 billion.
VF Corporation reported 2Q17 EPS of $0.29, above the $0.28 consensus estimate. Revenues were $2.36 billion, up 1.7% year over year and above the $2.29 billion consensus estimate. Sales increased by 3% on a constant-currency basis in the quarter.
VF Corp. (VFC) 1Q17 Results- Broadly In-Line Against a Backdrop of “Retail Dislocation”, Guides For Low Single Digit Revenue Growth in FY17
VF Corp. reported 1Q17 EPS of $0.52, which includes a $0.55 contribution from the licensing business that the company agreed to sell on April 4; consensus called for EPS of $0.55.
VF Corporation (VFC) 2Q16 Results: Lowers Full-Year Guidance, Noting Challenging Environment in the US
VF Corporation reported 2Q16 EPS of $0.35, beating the consensus estimate by a penny and representing a 9.8% decrease from EPS of $0.39 in the year-ago quarter.
VF Corp. reported adjusted 4Q15 EPS of $0.95 versus the consensus estimate of $1.01.