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VF (VFC)
NYSE:VFC
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VF
(NYSE:VFC)58Neutral
Positive Factors
Debt Reduction
Progress in paying down debt, with management on track to pay down upcoming maturities and move quickly to reduce leverage.
Financial Performance
VFC posted a top-line and impressive adjusted bottom-line beat, handily eclipsing its Adjusted EBIT guidance.
Negative Factors
Future Guidance
Guidance for Q4:25 calls for revenues -4% to -6% on a reported basis y/y.
VF (VFC) vs. S&P 500 (SPY)
Market Cap
$8.78B
Dividend Yield1.48%
Average Volume (3M)5.89M
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue Growth-8.42%
EPS Growth57.91%
CountryUS
Employees30,000
SectorConsumer Cyclical
Sector Strength53
IndustryApparel & Luxury
Share Statistics
EPS (TTM)-0.84
Shares Outstanding389,573,360
10 Day Avg. Volume4,632,160
30 Day Avg. Volume5,894,869
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.96
Price to Cash Flow (P/CF)2.60
P/FCF Ratio2.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$26.11Price Target Upside15.84% Upside
Rating ConsensusHold
Number of Analyst Covering20
VF Business Overview & Revenue Model
Company DescriptionV.F. Corporation is one of the world’s largest apparel, footwear, and accessories retailer. The company engages in the design, procurement, production, marketing and distribution of lifestyle apparel, footwear, and accessories for men, women and children. It owns some of the world’s most popular and premium brands including Timberland, North Face, Icebreaker, Vans, Smartwool, Altra, Kipling, Napapijri, JanSport, Eastpak.
How the Company Makes MoneyVF Corporation generates revenue primarily through the sale of its branded apparel, footwear, and accessories across multiple channels. The company operates through direct-to-consumer sales, including owned retail stores and e-commerce platforms, as well as wholesale distribution to department stores, specialty retailers, and independent dealers. A significant portion of VF's revenue is driven by its strong brand portfolio, which allows the company to leverage brand loyalty and recognition. The company also engages in strategic partnerships and collaborations to enhance brand visibility and expand its market reach. VF Corporation focuses on geographic diversification, targeting both mature and emerging markets to optimize growth opportunities. Additionally, VF invests in innovation and sustainability initiatives to maintain its competitive edge and appeal to environmentally conscious consumers.
VF Financial Statement Overview
Summary
VF's financial performance is under pressure, with declining revenues, profitability issues, and high leverage. While the company maintains some equity stability, the negative cash flow and income trends pose significant risks that need addressing for financial health improvement.Income Statement
The income statement shows a decline in revenue and profitability over the recent periods. The TTM reveals a net loss, with a negative net profit margin and decreasing EBIT and EBITDA margins, indicating operational challenges and declining efficiency.48
Neutral
Balance Sheet
The balance sheet indicates high leverage with a debt-to-equity ratio of 3.42 (TTM), reflecting risk due to significant debt compared to equity. The return on equity is negative, driven by losses, although equity remains positive, representing some stability.52
Neutral
Cash Flow
The cash flow statement shows negative operating and free cash flows in the TTM, reflecting cash management issues. The free cash flow to net income ratio is negative, indicating challenges in covering net losses through cash flow.45
Neutral
| Breakdown | |||||
| TTM | Mar 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 9.88B | 10.45B | 11.61B | 11.84B | 9.24B | 10.49B | Gross Profit |
| 5.19B | 5.44B | 6.10B | 6.46B | 4.87B | 5.80B | EBIT |
| 377.17M | -34.06M | 1.80B | 1.63B | 607.63M | 1.63B | EBITDA |
| 207.40M | 334.79M | 480.24M | 1.93B | 861.21M | 1.56B | Net Income Common Stockholders |
| -457.24M | -968.88M | 118.58M | 1.39B | 407.87M | 679.45M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 676.94M | 676.94M | 814.89M | 1.28B | 1.41B | 1.37B | Total Assets |
| 11.61B | 11.61B | 13.99B | 13.34B | 13.75B | 11.13B | Total Debt |
| 7.43B | 7.43B | 7.82B | 6.44B | 6.96B | 4.86B | Net Debt |
| 6.76B | 6.76B | 7.00B | 5.17B | 6.14B | 3.49B | Total Liabilities |
| 9.95B | 9.95B | 11.08B | 9.81B | 10.70B | 7.78B | Stockholders Equity |
| 1.66B | 1.66B | 2.91B | 3.53B | 3.06B | 3.36B |
| Cash Flow | Free Cash Flow | ||||
| -791.51M | 803.60M | -917.05M | 535.97M | 1.04B | 540.69M | Operating Cash Flow |
| -704.99M | 1.01B | -655.79M | 864.29M | 1.31B | 874.53M | Investing Cash Flow |
| 1.47B | -172.26M | -188.05M | 903.74M | -2.90B | -302.05M | Financing Cash Flow |
| -793.68M | -959.62M | 463.91M | -1.27B | 1.05B | 309.73M |
VF Technical Analysis
Neutral
22.54
Price Trends
24.00
Negative
22.03
Positive
18.86
Positive
Market Momentum
<0.01
Positive
35.59
Neutral
15.54
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VFC, the sentiment is Neutral. The current price of 22.54 is below the 20-day moving average (MA) of 24.95, below the 50-day MA of 24.00, and above the 200-day MA of 18.86, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 35.59 is Neutral, neither overbought nor oversold. The STOCH value of 15.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for VFC.
VF Risk Analysis
VF disclosed 37 risk factors in its most recent earnings report. VF reported the most risks in the “Ability to Sell” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
VF Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $15.61B | 23.04 | 27.75% | 1.23% | 5.23% | 24.63% | |
74 Outperform | $115.98B | 24.22 | 34.81% | 1.93% | -4.77% | -5.99% | |
71 Outperform | $4.61B | 21.81 | 12.54% | 1.43% | -3.35% | -6.09% | |
60 Neutral | $13.01B | 10.45 | 0.79% | 3.53% | 1.60% | -22.47% | |
58 Neutral | $8.78B | ― | -27.21% | 1.48% | -8.42% | 57.91% | |
52 Neutral | $2.77B | ― | -6.76% | ― | -7.47% | -131.70% | |
47 Neutral | $2.07B | ― | -942.17% | ― | -29.44% | -1343.00% |
* Consumer Cyclical Sector Average
Performance Comparison
VFC
VF
22.54
7.06
45.61%
COLM
Columbia Sportswear
83.24
4.00
5.05%
HBI
Hanesbrands
5.87
0.40
7.31%
NKE
Nike
77.32
-18.52
-19.32%
RL
Ralph Lauren
252.72
76.44
43.36%
UA
Under Armour
6.18
-2.04
-24.82%
VF Earnings Call Summary
Earnings Call Date: Jan 29, 2025 | % Change Since: -15.23% | Next Earnings Date: May 21, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive sentiment overall, with significant progress in revenue growth, profitability, and debt reduction. Successful brand performances and cost-saving initiatives are offset by challenges faced by the Vans and Dickies brands.Highlights
Revenue Growth and Improved Profitability
VF Corporation reported a 2% revenue growth in Q3, along with a significant improvement in profitability. Gross margins increased by 150 basis points, and operating margins rose by 360 basis points to over 11%.
Debt Reduction Achievements
Net debt was reduced by nearly $2 billion, representing a 40% reduction over the past year. This progress is attributed to divesting non-strategic assets and improving operating earnings.
Successful Brand Performance
The North Face and Timberland both reported revenue growth, with Timberland up 12% and The North Face up 5%. Notable collaborations and product innovations contributed to these successes.
Cost Reduction and Efficiency Improvements
VF is on track to deliver $300 million in gross cost savings, with an additional $55 million generated during Q3. The company plans to unlock another $500-600 million in operating income expansion.
Lowlights
Vans Revenue Decline
Vans' overall performance in Q3 declined by 8%, despite some improvement compared to the previous quarter. The brand faces challenges in its turnaround efforts.
APAC Challenges for Vans
The Vans brand experienced a significant decline in the APAC region, with sales down 31%, highlighting challenges in resetting the store footprint and market approach.
Dickies Revenue Decline
The Dickies brand reported a 10% decline in revenue, indicating ongoing challenges and the need for a deeper turnaround strategy.
Company Guidance
During VF Corporation's Third Quarter Fiscal Year 2025 earnings call, the company reported a 2% increase in revenue, with significant improvements in profitability, highlighted by a 150 basis point increase in gross margins and a 360 basis point increase in operating margins, reaching over 11%. Additionally, net debt was reduced by approximately $2 billion. Regionally, the Americas saw a strong performance, achieving positive revenue growth for the first time in over two years. The North Face and Timberland brands showed growth, while Vans demonstrated sequential improvement. The company also highlighted its ongoing transformation program, which aims to achieve $300 million in gross cost savings and unlock an additional $500-$600 million in operating income expansion by fiscal year 2028, targeting double-digit operating margins.VF Corporate Events
DividendsBusiness Operations and StrategyFinancial Disclosures
VF Corporation Reports Q3 2025 Earnings and Dividend
Positive
Jan 29, 2025
On January 29, 2025, VF Corporation announced a quarterly dividend of $0.09 per share, payable on March 20, 2025. In its Q3 2025 earnings report, VF showcased significant progress in its transformation initiatives, leading to a revenue increase of 2% compared to the previous year. The company achieved an operating income of $226 million and an adjusted operating income of $324 million, reflecting a broad-based improvement across key financial metrics. The sale of the Supreme brand and ongoing cost-saving measures contributed to a stronger balance sheet, with net debt reduced by $1.9 billion. Despite challenges, VF is on track with its Reinvent program, targeting substantial long-term savings and operational improvements.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.