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Coresight 100

Essential briefings on the companies you need to know about. Explore company profiles, earnings updates, sector coverage and deep-dive research reports on the Coresight 100, our focus list of retailers, brand owners and real estate firms, spanning the U.S., Europe and Asia. 

VF Corp (VFC) 3Q19 Results: Raises Guidance as Active Segment Propels Gains

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,

VF Corporation (NYSE: VFC)

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