财务数据和关键指标变化 - 第二季度总收入同比下降6%，相比第一季度的10%下降有所改善 [19] - 毛利率同比上升120个基点至52.2% [22] - SG&A费用同比下降14% [23] - 每股稀释收益为0.60美元，同比下降0.03美元 [24] 各条业务线数据和关键指标变化 - Vans品牌收入同比下降11%，相比第一季度的21%下降有所改善 [19] - The North Face品牌收入同比下降4%，与上季度的预期一致 [20] - Timberland品牌收入下降3%，相比第一季度的9%下降有所改善 [20] - Dickies品牌收入下降11%，相比第一季度的14%下降有所改善 [20] 各个市场数据和关键指标变化 - 美洲市场收入同比下降9%，相比第一季度的13%下降有所改善 [21] - EMEA市场收入下降5%，但9月创下该地区历史最佳月份 [21] - 亚太地区收入同比增长5%，主要受益于The North Face和中国市场的强劲表现 [21] 公司战略和发展方向和行业竞争 - 公司正在实施“重塑”计划，第二季度实现6500万美元的成本节省，目标是到本财年末实现3亿美元的成本节省 [9][24] - 公司计划继续加强品牌和产品建设，尤其是在Vans和The North Face品牌的提升上 [12][16] - 公司对美国市场的业务进行了重组，新的区域平台开始产生积极效果 [11] 管理层对经营环境和未来前景的评论 - 管理层对未来的经营环境持乐观态度，认为收入趋势正在稳定，预计第三季度将继续改善 [25][27] - 管理层提到，尽管面临一些市场挑战，但整体业务表现符合预期 [68] 其他重要信息 - 公司完成了Supreme的出售，净收益约为15亿美元，用于偿还债务 [10][24] - 公司预计2025财年的自由现金流约为4.25亿美元 [28] 问答环节所有提问和回答 问题: 业务驱动因素的可预测性 - 管理层表示，过去10个季度的收入和毛利率预测准确性有所提高，尤其是在美洲市场 [31] 问题: 批发业务的健康状况 - 管理层对批发业务的恢复表示乐观，认为整体趋势向好 [34] 问题: 自由现金流的指导 - 管理层未提供具体的季度自由现金流指导，但对整体自由现金流的表现感到满意 [37] 问题: Vans品牌的渠道表现 - 管理层指出，批发渠道的表现优于直接面向消费者的渠道 [44] 问题: 毛利率的影响因素 - 管理层预计第三季度和第四季度的毛利率将继续上升，主要受益于产品成本的降低 [49] 问题: The North Face的市场表现 - 管理层对The North Face在北美市场的表现持乐观态度，认为冬季的到来将有助于销售 [52] 问题: Dickies品牌的稳定性 - 管理层表示，Dickies品牌正在经历稳定期，未来将继续关注其增长潜力 [73]

V.F. (VFC) reported $2.76 billion in revenue for the quarter ended September 2024, representing a year-overyear decline of 9.1%. EPS of $0.60 for the same period compares to $0.63 a year ago. The reported revenue represents a surprise of +2.06% over the Zacks Consensus Estimate of $2.7 billion. With the consensus EPS estimate being $0.41, the EPS surprise was +46.34%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

财务表现 - 公司第二季度收入28亿美元，同比下降6%，但较上一季度有所改善[3] - 毛利率为52.2%，同比上升120个基点[3] - 经营利润率为9.9%，同比下降210个基点，调整后经营利润率为11.4%，同比下降60个基点[3] - 每股收益为0.52美元，上年同期为-1.16美元，调整后每股收益为0.60美元，上年同期为0.63美元[3] - 季末存货较上年同期下降13%[4] - 净负债为57亿美元，较上年同期减少4.46亿美元[4] - 2024财年第三季度收入为27.58亿美元，同比下降5.5%[21] - 2024财年前六个月收入为45.27亿美元，同比下降7.4%[21] - 2024财年第三季度毛利率为52.3%，同比下降1.9个百分点[21] - 2024财年前六个月毛利率为51.8%，同比下降1.6个百分点[21] - 2024财年第三季度营业利润为2.74亿美元，同比下降21.8%[21] - 2024财年前六个月营业利润为1.51亿美元，同比下降52.9%[21] - 2024财年第三季度净利润为0.52亿美元，去年同期为亏损4.51亿美元[21] - 2024财年前六个月净亏损为2.07亿美元，去年同期为亏损5.08亿美元[21] - 2024财年第三季度每股收益为0.13美元，去年同期为亏损1.16美元[21] - 2024财年前六个月每股亏损为0.53美元，去年同期为亏损1.31美元[21] - 公司营收为27.58亿美元，同比下降6%[24] - 公司营业利润为2.74亿美元，同比下降10.9%[24] - 公司调整后每股收益为0.60美元[30] - 公司上半年营收为45.27亿美元，同比下降7%[25] - 公司上半年调整后每股收益为0.24美元[30] 品牌表现 - 北面品牌收入下降3%，范斯品牌收入下降11%[6] - 北脸品牌收入在美洲下降14%,EMEA地区持平,APAC地区增长20%,整体下降3%[37] - Vans品牌收入在美洲下降10%,EMEA地区下降7%,APAC地区下降27%,整体下降11%[37] - Timberland品牌收入在美洲下降4%,EMEA地区下降3%,APAC地区增长3%,整体下降3%[37] - Dickies品牌收入在美洲下降14%,EMEA地区增长2%,APAC地区下降16%,整体下降11%[37] 渠道表现 - 批发渠道收入下降4%,直营渠道收入下降8%,数字渠道收入下降5%[38] - 截至2024年9月,公司直营门店数量为1,160家,较2023年减少75家[38] 其他 - 第三季度预计收入27-27.5亿美元，同比下降1-3%[5] - 全年自由现金流预计为4.25亿美元，较原指引下调[5] - 董事会宣布每股0.09美元的季度股息[7] - 公司进行"Reinvent"转型计划,相关费用为4,130万美元[30] - 公司上半年"Reinvent"转型计划相关费用为5,910万美元[30] - 公司预计将在2025财年底前完成大部分重组行动,累计重组费用约为1.341亿美元[31] - 与咨询公司的合同费用最高可达1.35亿美元,其中7500万美元与2027年6月前VF股价上涨挂钩[31] - 审查全球包袋业务(Kipling、Eastpak和JanSport品牌)的战略选择相关交易活动费用为50万美元[31] - 交易活动产生的净税收优惠为10万美元[31]

V.F. Corporation (VFC) is likely to register top and bottom-line declines year over year when it posts second-quarter fiscal 2025 results on Oct. 28, after the closing bell. The Zacks Consensus Estimate for quarterly revenues is pegged at $2.8 billion, indicating a 7.3% decline from the prior-year quarter’s figure.The consensus estimate for earnings is pegged at 42 cents per share, which indicates a decrease of 33.3% from the year-ago quarter’s figure. The metric has fallen by a penny in the past seven days ...

A negative analyst note weighed on the stock.Shares of VF (VFC -3.60%) were getting dinged again this week as the struggling apparel company that owns Vans and North Face got a bearish analyst note.With Treasury yields rising this week, investor expectations for near-term growth also seem to be weakening -- higher yields are a sign that Federal Reserve rate cuts may not come as fast as some had expected.As of 1:02 p.m. ET on Thursday, the stock was down 15.2% for the week, according to data from S&P Global ...

Wall Street analysts expect V.F. (VFC) to post quarterly earnings of $0.44 per share in its upcoming report, which indicates a year-over-year decline of 30.2%. Revenues are expected to be $2.84 billion, down 6.5% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earnings d ...

Key Takeaways Shares of Vans and The North Face owner VF Corporation slid Monday as JPMorgan put the apparel giant on its "Negative Catalyst Watch" list. JPMorgan analysts told clients after field work and discussions with management, they cut their estimate for VF's fiscal 2025 earnings per share. The analysts pointed to "wholesale challenges" with The North Face, and "ongoing traffic headwinds" across brands. Shares of Vans and The North Face owner VF Corporation (VFC) slumped Monday as JPMorgan put the a ...

Wall Street expects a year-over-year decline in earnings on lower revenues when V.F. (VFC) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 28. On the ...

文章核心观点 - V.F. Corporation是一家拥有多个知名生活方式品牌的公司,如Vans、The North Face和Timberland [1] - 作者认为V.F. Corporation目前处于转型关键时期,是一个值得关注的零售业转型机会 [1] 公司概况 - V.F. Corporation是一家拥有多个知名生活方式品牌的公司,如Vans、The North Face和Timberland [1]

文章核心观点 - 全球光学行业领导者EssilorLuxottica成功完成了从VF Corporation收购Supreme®品牌的交易 [1] - 交易总金额为15亿美元现金,已经获得所有相关监管部门的批准 [1] 行业概况 - EssilorLuxottica是全球光学行业的领导者 [1] - VF Corporation是一家全球领先的品牌生活方式服装、鞋类和配饰公司 [1] 交易细节 - EssilorLuxottica以15亿美元现金收购了Supreme®品牌 [1] - 该交易已经获得所有相关监管部门的批准 [1]