Loading...
•
Dec 26, 2020
VF Corp Q3 2021 Earnings Report
VF Corporation's results were ahead of expectations despite COVID-19 disruptions, with the portfolio on track to return to growth in fiscal Q4.
Key Takeaways
VF Corporation reported a 6% decrease in revenue to $3.0 billion for the third quarter of fiscal 2021. Despite COVID-19 related disruptions, the company's results were largely ahead of expectations. The portfolio is expected to return to growth in the fiscal fourth quarter.
Revenue decreased 6 percent to $3.0 billion.
Earnings per share was $0.83 on a reported basis and $0.93 on an adjusted basis.
Gross margin decreased to 54.7 percent, with an adjusted gross margin of 55.7 percent.
VF returned $191 million to shareholders through dividends.
Revenue by Segment
Forward Guidance
VF's full year fiscal 2021 outlook has been updated and includes the following: Revenue is now expected to be in the range of $9.1 billion to $9.2 billion, reflecting a decrease of 12 percent to 13 percent on an adjusted basis. Adjusted earnings per share is expected to be approximately $1.30, reflecting a decrease of approximately 51 percent.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...