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Jun 29, 2024
VF Corp Q1 2025 Earnings Report
Reported a revenue decline of 9% and adjusted loss per share of $(0.33). The company is on track with its cost savings targets and balance sheet improvements.
Key Takeaways
VF Corporation reported its Q1 FY25 results, showing a revenue of $1.9 billion, down 9% year-over-year. The company's loss per share was $(0.67), with an adjusted loss per share of $(0.33). VF is progressing with its Reinvent transformation plan, aiming for targeted cost savings and balance sheet improvements, including the sale of Supreme.
Revenue decreased by 9% to $1.9 billion, or 8% in constant dollars.
The North Face® sales were down 3%, while global brand DTC increased by 6%.
Vans® sales decreased by 21%, showing a slight improvement compared to the previous quarter.
The company reiterates guidance for free cash flow plus the proceeds from non-core physical asset sales of approximately $600 million.
Forward Guidance
The company reiterates guidance for free cash flow plus the proceeds from non-core physical asset sales of approximately $600 million, excluding the impact of the divestiture of Supreme.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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