VF Corp Q4 2020 Earnings Report
Key Takeaways
VF Corporation's Q4 fiscal 2020 results were significantly impacted by the COVID-19 outbreak, leading to an 11% decrease in revenue and a reported loss per share of $1.22. The company has taken several measures to preserve liquidity and manage its global business operations during the crisis.
Revenue decreased 11% to $2.1 billion due to lower consumer demand from COVID-19.
Gross margin decreased 150 basis points to 53.1% due to promotional activity.
Operating loss was $(257) million on a reported basis.
Earnings per share was $(1.22) on a reported basis and $0.10 on an adjusted basis.
VF Corp
VF Corp
VF Corp Revenue by Segment
Forward Guidance
Due to the uncertainty of the duration and severity of COVID-19, governmental actions and regulations in response to the pandemic and the speed with which the pandemic is developing and impacting VF, its consumers, customers and suppliers, it is not possible to provide a financial outlook for full-year fiscal 2021 at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income