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VF Corp (VFC.N)

VFC.N on New York Stock Exchange

79.83USD
26 Apr 2018
Change (% chg)

$1.19 (+1.51%)
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Latest Key Developments (Source: Significant Developments)

VF Corp announces definitive agreement to acquire Icebreaker
Friday, 3 Nov 2017 

Nov 2 (Reuters) - VF Corp :VF Corp announces definitive agreement to acquire Icebreaker®, a New Zealand-based outdoor and sport apparel brand.VF Corp - ‍terms of agreement were not disclosed.​.VF Corp - addition of Icebreaker brand to VF's portfolio is expected to be immediately accretive to earnings per share​.  Full Article

VF reports Q3 earnings per share $0.97
Monday, 23 Oct 2017 

Oct 23 (Reuters) - VF Corp :VF reports third quarter 2017 results; raises outlook and dividend for 2017.Sees FY 2017 adjusted earnings per share $3.01 from continuing operations.Sees FY 2017 earnings per share $2.73.Sees FY 2017 revenue up about 6 percent.Q3 revenue $3.5 billion versus I/B/E/S view $3.39 billion.Q3 adjusted earnings per share $1.23.Q3 earnings per share $0.97.Q3 earnings per share view $1.12 -- Thomson Reuters I/B/E/S.VF Corp - Sees 2017 ‍gross margin is now expected to approximate 50.0 percent, versus previous expectation of 49.5 percent​.VF Corp - ‍Quarterly dividend rate increased by 10 percent to $0.46 per share​.Vf corp - qtrly ‍inventories were up 1 percent compared with same period of 2016​.VF Corp - 2017 ‍operating margin on a reported basis is expected to be 12.3 percent; 2017 adjusted operating margin is expected to approximate 13.4 percent​.FY2017 earnings per share view $2.98, revenue view $11.88 billion -- Thomson Reuters I/B/E/S.VF - 2017 adjusted EPS outlook includes additional $0.05/share impact from additional investments to drive accelerated growth into 2018 and beyond​.  Full Article

VF Corp recommends shareholders reject "mini-tender" offer by TRC Capital
Saturday, 6 Aug 2016 

VF Corp : VF Corporation recommends shareholders reject "mini-tender" offer by trc capital corporation . Received notice of an unsolicited "mini-tender" offer by TRC Capital to purchase up to 2 million shares of VF common stock .Offer by TRC Capital to purchase up to 2 million shares of VF common stock at a price of $59.75 per share in cash..  Full Article

VF Corp Q2 earnings $0.35/share
Friday, 22 Jul 2016 

VF Corp : VF Corp reports second quarter 2016 results . Q2 earnings per share $0.35 . Q2 earnings per share view $0.34 -- Thomson Reuters I/B/E/S . Q2 revenue $2.4 billion versus I/B/E/S view $2.53 billion . VF Corp says "Q2 results were in line with our expectations, despite a challenging environment with mixed economic and currency conditions." . 2016 revenue is expected to increase 3 to 4 percent versus previous outlook of a mid-single-digit percentage rate increase. . 2016 reported earnings per share is expected to increase 5 percent to $3.20 (up 11 percent currency neutral) . Quarterly inventories were up 6 percent compared with same period of 2015. . Full-year 2016 earnings per share view $3.23, revenue view $12.86 billion -- Thomson Reuters I/B/E/S . In 2016, company has purchased a total of 13.2 million shares for $834 million, well on track to achieve its $1 billion target for full year. .VF Corp sees gross margin to improve by about 50 basis points to 48.7 percent, includes about 70 basis points of headwind from changes in foreign currency..  Full Article

Delta Galil to acquire contemporary premium brands from VF Corp
Thursday, 30 Jun 2016 

Delta Galil Industries : Delta Galil to acquire contemporary premium brands from VF Corp .Deal expected to be accretive to Delta Galil's earnings in 2017.  Full Article

BRIEF-VF Corp Enters Into Definitive Agreement To Sell The Nautica Brand Business To Authentic Brands Group

* VF CORPORATION ENTERS INTO DEFINITIVE AGREEMENT TO SELL THE NAUTICA® BRAND BUSINESS TO AUTHENTIC BRANDS GROUP, LLC