V.F. Corp. (VFC) Misses Q2 EPS by 2c; withdraws guidance
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VF Corporation Reports Second Quarter Fiscal 2024 Results and Announces Reinvent, a Comprehensive Transformation Program
October 30, 2023 4:05 PM EDTDENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC) today reported financial results for its second quarter (Q2'FY24) ended September 30, 2023, and announced a transformation program and quarterly per share dividend of $0.09, a 70% decrease from the previous quarters dividend. As the company implements the initiatives associated with Project Reinvent, it is withdrawing its FY24 revenue and earnings outlook and updating its FY24 free cash flow guidance.
Q2'FY24 Financial Highlights
Revenue down 2% (down 4% in constant dollars) to $3.0 billion Loss per share $(1.16) versus Q2'FY23 loss per... More