Canaccord Genuity Remains Bullish Following V.F. Corp.'s (VFC) 4Q Miss

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Go back to Canaccord Genuity Remains Bullish Following V.F. Corp.'s (VFC) 4Q Miss

VF Reports 2015 Fourth Quarter and Full Year Results; Announces Outlook for 2016

February 19, 2016 6:55 AM EST

2015 revenue up 1 percent to $12.4 billion (up 6 percent currency neutral); excluding changes in foreign currency and last years 53rd week, 2015 revenue increased 7 percent; 2015 EPS was up 20 percent to $2.85 from $2.38 per share in 2014; adjusted EPS, which excludes noncash impairment charges in both 2015 and 2014, was flat at $3.08 (up 12 percent currency neutral); 2016 revenue expected to increase at a mid single-digit percentage rate; 2016 gross margin expected to approximate 48.8 percent, net of an anticipated 70 basis points of negative impact from changes in foreign currency;... More