$VFC (V.F. Corporation)

$VFC {{ '2016-06-30T14:43:20+0000' | timeago}} • Announcement

Maker of lifestyle apparel $VFC said that it has agreed to sell its Contemporary Brands businesses to Delta Galil Industries, Ltd. for $120MM, subject to various working capital adjustments. The transaction is anticipated to close in 3Q16 and is subject to various regulatory approvals and other customary closing conditions.

$VFC {{ '2018-01-18T20:39:04+0000' | timeago}} • Announcement

$VFC will open a new distribution center in Jonestown, Pennsylvania in early 2019. $VFC is investing up to $52MM in the project and bringing more than 175 full-time jobs to the area over the next three years. $VFC will lease a 500,000-sq.ft. facility in Jonestown. The lease will begin in July 2018. $VFC expects to begin hiring in mid-2018.

$VFC {{ '2017-10-23T13:26:16+0000' | timeago}} • Infographic

$VFC VF Corporation Earnings AlphaGraphic: Q3 2017 Highlights

$VFC {{ '2017-10-23T11:49:36+0000' | timeago}} • Announcement

$VFC's Imagewear segment witnessed the highest revenue growth of 9% during 3Q17, followed by Outdoor & Action Sports with an 8% growth. While Sportswears sales were flat YoY, Jeanswear and other products witnessed declines in sales.

$VFC {{ '2017-10-23T11:45:09+0000' | timeago}} • Announcement

For FY17, $VFC expects revenue to increase about 6% to approx $12.1Bil, vs the prior guidance of $11.85Bil. International revenue is now expected to rise about 10% compared to the previous expectation of a low single-digit growth. GAAP EPS is anticipated to be $2.73; while adjusted EPS is projected to be $3.01 vs the previous outlook of $2.96.

$VFC {{ '2017-10-23T11:36:31+0000' | timeago}} • Announcement

Apparel and footwear company $VFC posted 5% increase in net revenue to $3.5Bil in 3Q17, helped by strong international and direct-to-consumer platforms. However, net income fell to $386.1MM, or $0.97 per share, compared to $498.5MM, or $1.19 per share a year ago, due to a goodwill impairment charge. Excluding this, net income grew 6% to $1.23.

$VFC {{ '2017-10-03T11:54:51+0000' | timeago}} • Announcement

Apparel retailer $VFC has completed the acquisition of Williamson-Dickie Mfg. Co., a private workwear company, for $820MM in cash. The company expects Williamson-Dickie to contribute about $200MM of revenue and $0.02 per share of earnings this year. By 2021, the acquired firm is expected to contribute more than $1Bil of revenue.

$VFC {{ '2017-08-14T13:10:34+0000' | timeago}} • Announcement

$VFC to acquire Williamson-Dickie Mfg. Co. $VFC updated its guidance for FY17. For FY17, $VFC expects revenue to be $11.85Bil, up from the previous guidance of $11.65Bil. EPS is now expected to be $2.96, up from the previous guidance of $2.94. For 2021, the company expects revenue and EPS to exceed $15Bil and $5, respectively.

$VFC {{ '2017-08-14T12:44:56+0000' | timeago}} • Announcement

Branded lifestyle apparel, footwear and accessories company $VFC to acquire Williamson-Dickie Mfg. Co., a family-owned, private global workwear company for  approx. $820MM in cash. The transaction is expected to be closed early in 4Q17. Transaction and deal-related expenses are estimated to approx. $0.04 per share.

$VFC {{ '2017-07-24T15:08:08+0000' | timeago}} • Webcast

In 2Q17, $VFC's largest and fastest growing brand Vans posted a 9% revenue growth globally, with 7% growth in Americas, 5% growth in Europe and 29% growth in Asia. From a channel perspective, direct-to-consumer increased more than 25% with 45% growth in digital business.

$VFC {{ '2017-07-24T15:06:45+0000' | timeago}} • Webcast

$VFC's international business grew 6% YoY in 2Q17, including 18% growth in China. US business, on the other hand, had a modest growth of 1%. The company's direct-to-consumer channel grew 14% in the quarter, with digital business increasing more than 35%.

$VFC {{ '2017-07-24T14:09:35+0000' | timeago}} • Infographic

$VFC V.F. Corporation Earnings AlphaGraphic: Q2 2017 Highlights

$VFC {{ '2017-07-24T13:27:38+0000' | timeago}} • Announcement

$VFC expects to return more than $1.8Bil to shareholders in 2017 through share repurchases and dividends, up from the prior outlook of $1.6Bil. The company has repurchased $760MM shares in 2Q17, and approx. $1.2Bil thus far in 2017.

$VFC {{ '2017-07-24T13:23:53+0000' | timeago}} • Announcement

For FY17, $VFC sees revenue of $11.65Bil, up 2% YoY. EPS is now expected to be $2.94, down 1%. The company previously guided EPS in the range of $2.89 to $2.94.

$VFC {{ '2017-07-24T13:18:58+0000' | timeago}} • Announcement

$VFC reported YoY earnings growth of 115% in 2Q17 to $109.9MM, or $0.27 per share, mainly due to the higher loss from its discontinued operations in the year ago quarter. On continuing operations basis, the company's earnings fell 16% YoY. Revenue of the Greensboro apparel marketer grew 2% to $2.3Bil.

$VFC {{ '2017-07-24T13:18:57+0000' | timeago}} • Announcement

Completing a planned leadership succession, Eric Wiseman will retire as Executive Chairman of the Board and Director of $VFC effective Oct. 28, 2017. President, CEO and Director Steven Rendle will replace Wiseman as Chairman. The succession plan began with the promotion of Rendle to President and COO in June 2015, and CEO in January this year.

$VFC {{ '2017-05-01T13:09:33+0000' | timeago}} • Announcement

$VFC closed the sale of its Licensed Sports Group (LSG) business to Fanatics, Inc. $VFC's LSG business, which includes the Majestic brand, supplies apparel and fanwear through licensing agreements with U.S. and international professional sports leagues and teams.

$VFC {{ '2017-04-28T18:45:27+0000' | timeago}} • Webcast

$VFC is not expecting any net wholesale growth in the US in the five-year plan. There will be growth but it will be choppy. There are chances for continued bankruptcies in the US market. The company believes its growth will come from direct to consumer, digital, and international wholesale over the next five years.

$VFC {{ '2017-04-28T18:17:52+0000' | timeago}} • Webcast

$VFC believes that in Europe, the largest acceleration in 2H17 will be in the Vans business. The company expects to see double digit positive order books in Europe for this business. In 2H17, the e-commerce business will also see good growth.

$VFC {{ '2017-04-28T18:17:19+0000' | timeago}} • Webcast

During 1Q17, $VFC saw some weakness in its Sportswear business. Excluding this, the company saw growth in its larger brands and its international business  along with its digital accounts in the mid-teens range.

$VFC {{ '2017-04-28T12:02:28+0000' | timeago}} • Announcement

$VFC's Board of Directors declared a quarterly dividend of $0.42 per share, payable on June 19, 2017 to shareholders of record on June 9, 2017.

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