$VFC (V.F. Corporation)

$VFC {{ '2016-04-29T17:26:14+0000' | timeago}} • Webcast

Branded lifestyle products company $VFC said 1Q16 results were in line with expectations. Revenue was up 2% on a currency neutral basis, driven by 4% growth from Outdoor and Action Sports coalition, with strong growth from North Face and moderate growth in Vans and Timberland. Jeanswear was up 4% with both Wrangler and Lee posting increases.

$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.

$VFC {{ '2017-04-28T12:01:39+0000' | timeago}} • Announcement

For 2017, $VFC expects revenue to increase at a low single-digit percentage rate including about a 2% negative impact from changes in FX. EPS is expected to be down at a low single-digit percentage rate compared to 2016 adjusted EPS of $2.98. GM is expected to be 49.6% and operating margin is expected to approximate 14%.

$VFC {{ '2017-04-28T11:57:17+0000' | timeago}} • Announcement

$VFC reported a 20% decline in 1Q17 earnings. Net income was $209MM or $0.50 per share compared to $260MM or $0.61 per share in 1Q16. Revenue declined 2% to $2.6Bil compared to last year.

$VFC {{ '2017-04-20T13:12:37+0000' | timeago}} • Announcement

$VFC said Martin Schneider, VP & Chief Information Officer (CIO) will retire at the end of 2017. Sandra Harris, VP, Global Business Technology, will succeed Schneider as VP & CIO, effective Jan. 1, 2018. Harris also has been appointed to $VFC's Senior Leadership Team.

$VFC {{ '2017-04-04T16:21:42+0000' | timeago}} • Announcement

$VFC agreed to sell its Licensed Sports Group (LSG) business to Fanatics, Inc. for undisclosed terms. $VFC's LSG business includes the Majestic brand, which supplies apparel and fanware through licensing agreements with U.S. and international professional sports leagues and teams. The transaction is expected to close in 2Q17.

$VFC {{ '2017-02-17T14:44:05+0000' | timeago}} • Webcast

$VFC's international business is seeing solid growth and this is outpacing the economic growth rates in both Europe and Asia and the company sees this continuing into 2017 up high single digits. DtoC had a solid 4Q16 up 12% with ecommerce in particular seeing 20% plus growth. $VFC expects this trend to continue into 2017.

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