VF Reports Fourth Quarter and Full Year Fiscal 2021 Results; Provides Initial Fiscal 2022 Outlook
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V.F. Corp. (VFC) Misses Q4 EPS by 2c, Revenues Beat; Offers FY22 EPS/Revenues Guidance Above Consensus
May 21, 2021 7:00 AM EDTV.F. Corp. (NYSE: VFC) reported Q4 EPS of $0.27, $0.02 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.5 billion.
Fourth Quarter Fiscal 2021 Income Statement Review
Revenue increased 23 percent (up 19 percent in constant dollars) to $2.6 billion. Excluding the impact of acquisitions, revenue increased 16 percent (up 12 percent in constant dollars) driven by VF's largest brands, e-commerce growth and an increase in the APAC region, which experienced a significant negative impact from COVID-19 in the prior year period. The fourth quarter of fiscal 2021 also... More