Demo
VFC NYSE· V.F. Corporation
FundamentalsNews digest Peer analysis
Login
VFC NYSE· V.F. Corporation
Earnings report Q4 2023

VF Corporation Experiences Revenue Decline Across All Segments

Segments of Revenue

VF Corporation reported a 16% decrease in revenues for the latest quarter, with declines noted across all segments. The decrease was partially offset by overall growth in the Asia-Pacific region.

Strengths

Despite a decrease in revenues, VF Corporation managed to leverage a 1% favorable impact from foreign currency during the period. Additionally, the company saw growth in the Asia-Pacific region, which helped to partially offset the overall decline in revenue.

Challenges

The company faced significant challenges in the latest quarter, with revenues falling across all segments. The Active and Work segments were particularly impacted, contributing to a 9% decrease in revenues for the nine months ended December 2023. The Asia-Pacific region, although showing growth, was negatively impacted by a resurgence of COVID-19 in Mainland China.

Noteworthy

The decrease in revenue for both the quarter and the nine months ended December 2023 was despite a 1% favorable impact from foreign currency. This suggests that the company's performance was negatively impacted by factors beyond currency fluctuations.

Summary

VF Corporation faced a challenging quarter with a 16% decrease in revenues across all segments. Despite a favorable impact from foreign currency and growth in the Asia-Pacific region, the company was unable to offset the overall decline. The resurgence of COVID-19 in Mainland China further compounded these challenges, particularly impacting the Asia-Pacific region.

Source documents

Form 10-Q  filed on Feb 07, 2024
117 pages scanned

Reference data

Company financials Q4 revenue 2.96B
Analyst estimates Q4 EPS missed by -11.89%
Sign up to Fey

Get in-depth analysis on thousands of stocks for just $30/month. Cancel anytime.