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V.F. Corp's (VFC) fourth-quarter fiscal 2024 results are likely to reflect the impacts of a tough operating environment and a dismal wholesale performance.
Beyond analysts' top -and-bottom-line estimates for V.F. (VFC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
DENVER--(BUSINESS WIRE)--VF Corporation Announces Fourth Quarter Fiscal 2024 Earnings and Conference Call Date.
V.F. Corporation has experienced significant underperformance, resulting in its removal from the S&P 500 Index and a loss of over $34 billion in shareholder value. The company is undergoing a strategic turnaround under new CEO Bracken Darrell, who has a successful track record of turnarounds in previous roles. Activist investor Engaged Capital is involved in the company and has outlined key strategies for the turnaround, including cost reductions, restoring brand autonomy, addressing the capital structure, and governance/board changes.
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Major U.S. equities indexes were mixed to open the trading week, with Tuesday's release of Consumer Price Index (CPI) data and additional corporate earnings reports on the horizon.
Activist investor Engaged Capital has been circling The North Face parent company since October.
VF badly missed estimates on the top and bottom lines. The company said its CFO would be stepping down.
V.F. (VFC) reported soft results in third-quarter fiscal 2024. The results were adversely impacted by a shift in the timing of the wholesale deliveries.
Shares of VF Corp. got tripped up Wednesday, after the footwear and apparel company reported “particularly disappointing” fiscal third-quarter results, citing weakness in its iconic North Face and Vans brands.