V.F. Corp. (VFC) Reports In-Line Q4 EPS; Sees FY17 Revs Up Low Single-Digits, EPS Down Low Single-Digits
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VF Reports 2016 Fourth Quarter and Full Year Results; Provides Outlook for 2017
February 17, 2017 6:55 AM EST2016 revenue from continuing operations in line with 2015 at $12 billion (up 1 percent currency neutral); 2016 international revenue increased 4 percent (up 6 percent currency neutral); 2016 EPS from continuing operations down 9 percent to $2.78, adjusted EPS up 2 percent to $3.11 (up 7 percent currency neutral); 2016 cash flow from operations reached almost $1.5 billion and the company returned more than $1.6 billion to shareholders through dividends and share repurchases; 2017 revenue expected to increase at a low single-digit percentage rate including a 2 percentage point negative impact from changes in foreign currency;... More
