V.F. Corp. (VFC) Misses Q4 EPS by 2c, Revenues Beat; Offers FY22 EPS/Revenues Guidance Above Consensus
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VF Reports Fourth Quarter and Full Year Fiscal 2021 Results; Provides Initial Fiscal 2022 Outlook
May 21, 2021 6:55 AM EDTFull year fiscal 2021 revenue from continuing operations decreased 12 percent (down 14 percent in constant dollars) to $9.2 billion; excluding acquisitions, adjusted revenue decreased 13 percent (down 15 percent in constant dollars); Full year fiscal 2021 Active segment revenue decreased 15 percent (down 17 percent in constant dollars) including a 15 percent (16 percent in constant dollars) decrease in Vans® brand revenue and a 3 percentage point revenue growth contribution from acquisitions; Outdoor segment revenue decreased 11 percent (down 13 percent in constant dollars) including a 9 percent (11 percent in constant dollars) decrease in The North Face® brand revenue; Work segment revenue... More
