Goldman Sachs Downgrades VF Corp. (VFC) to Neutral, 'Longer-dated path to turnaround as profit pressures persist'

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Go back to Goldman Sachs Downgrades VF Corp. (VFC) to Neutral, 'Longer-dated path to turnaround as profit pressures persist'

VF Corporation Reports Third Quarter Fiscal 2024 Results and Announces Strategic Portfolio Review

February 6, 2024 4:05 PM EST

DENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC) today reported financial results for its third quarter (Q3'FY24) ended December 30, 2023, announcing a quarterly per share dividend of $0.09 and reiterating FY24 free cash flow guidance.

Bracken Darrell, President and CEO, said: "Our third quarter top-line performance was disappointing. However, we are confident the actions we are implementing as part of Reinvent will enable VF to stabilize and then grow revenue and improve operational performance across brands and regions. We have already begun to see the impact of our efforts to right-size the companys... More