Reports Q4 revenue $2.4B, consensus $2.41B. Bracken Darrell, President and CEO, said: “In Q4, we made progress advancing our Reinvent transformation program. We closed the fiscal year with further inventory reductions helping us deliver $1 billion in operating cash flow and over $800 million in free cash flow, exceeding our guidance. As we move into fiscal year 2025, we will continue to execute our broader turnaround plans, including driving continued momentum on our key priorities, namely fixing the Americas, turning around Vans, reducing costs and paying down debt, while progressing on the actions resulting from our strategic portfolio review. We have been rebuilding the leadership team, including the announcement of the CFO appointment, and I feel energized that we are positioning VF to return to sustainable and profitable growth.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VFC:
- Options Volatility and Implied Earnings Moves Today, May 22, 2024
- VF Corp. price target lowered to $13 from $15.50 at Wedbush
- Options Volatility and Implied Earnings Moves This Week, May 20 – May 23, 2024
- VFC Upcoming Earnings Report: What to Expect?
- VF Corp. price target lowered to $18 from $22 at Telsey Advisory