VFC Earnings Prediction
The chart below shows how VFC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VFC sees a +2.40% change in stock price 10 days leading up to the earnings, and a -0.54% change 10 days following the report. On the earnings day itself, the stock moves by -0.41%. This data can give you a slight idea of what to expect for the next quarter's release.
VFC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.96B
-16.16%
-2.44%
Gross Margin
55.29%
0.71%
7.86%
Operating Margin
9.31%
-37.64%
-22.22%
Net Margin
-1.76%
-115.04%
-121.13%
EPS
-0.11
-108.40%
-90.52%
No Data Available
VFC Earnings Analysis
VF Corp Corporation (VFC.N) Earnings Conference Call
Positive
Quarterly Revenue Improvement: Revenue grew 2% in Q3, marking the fourth consecutive quarter of sequential improvement, with The North Face and Timberland both showing positive growth of 5% and 12% respectively.
Gross Margin Improvement: Gross margins increased by 150 basis points to 56.3%, driven by lower product costs and fewer promotions, contributing to an operating margin of 11.4%, up 360 basis points year-over-year.
Debt Reduction Commitment: Net debt was reduced by nearly $2 billion compared to the previous year, demonstrating a commitment to improving the balance sheet and moving towards a medium-term leverage target of 2.5 times.
Americas Revenue Turnaround: The Americas region showed a significant turnaround with revenue up 2% in Q3, marking the first positive growth in over two years, indicating a successful implementation of the global commercial model.
Cost Savings Achievement: The company is on track to achieve $300 million in gross cost savings, with $55 million generated in Q3, contributing to improved profitability and operational efficiency.
Negative
Vans Brand Performance Decline: Vans brand performance declined by 8% in Q3, indicating ongoing struggles despite slight improvement from a 11% decline in Q2.
Revenue Decline Analysis: Dickies revenue fell by 10% in Q3, showing a slight improvement from a 11% decline in Q2, highlighting persistent challenges in the brand's turnaround efforts.
Q4 Revenue Decline Forecast: The company expects Q4 revenue to decrease by 4% to 6% on a reported basis, indicating a potential slowdown in growth momentum following a better-than-expected Q3.
Debt Reduction Challenges: Despite a reduction in net debt by nearly $2 billion, the company continues to face challenges in achieving its medium-term leverage target of 2.5 times, suggesting ongoing financial pressure.
Fragile Revenue Recovery: The Americas region, while showing a 2% revenue increase in Q3, has only recently returned to positive growth after two years of decline, indicating a fragile recovery.
VFC FAQs
How does VFC typically perform around its earnings report dates?
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VFC Earning Call Sentiment
Earnings call transcript: VF Corporation beats Q3 2024 EPS forecasts
VFC.N
-0.82%Positive
The earnings call indicates a positive sentiment due to several factors: a 2% increase in Q3 revenue, improved gross and operating margins, and significant debt reduction. Despite challenges with the Vans brand and supply chain, the company is optimistic about long-term growth, especially with improvements in Timberland and North Face. Raised free cash flow guidance and ongoing cost savings further support a positive outlook. The Q&A session highlighted strategic initiatives and debt management focus, reinforcing confidence in future performance. Overall, these factors suggest a likely stock price increase in the short term.
