V.F. Corp Files 8-K for Regulation FD Disclosure

TL;DR

VFC filed an 8-K for a Reg FD disclosure, no new material info beyond that.

AI Summary

On September 4, 2024, V. F. Corporation (VFC) filed an 8-K to report a Regulation FD Disclosure. The filing does not contain specific financial figures or new material events beyond the disclosure itself.

Why It Matters

This filing indicates V.F. Corp is making a public disclosure under Regulation FD, ensuring all investors receive the same material information simultaneously.

Risk Assessment

Risk Level: low — The filing is a standard procedural disclosure and does not contain new financial information or significant operational changes.

Key Players & Entities

• V. F. Corporation (company) — Registrant
• VFC (company) — Ticker Symbol

FAQ

Key Financial Figures

• $25 million — re expected to increase in the range of $25 million to $35 million, up 2% to 3% versus the
• $35 m — increase in the range of $25 million to $35 million, up 2% to 3% versus the prior yea

Filing Documents

• vfc-20240904.htm (8-K) — 43KB
• 0000103379-24-000021.txt ( ) — 230KB
• vfc-20240904.xsd (EX-101.SCH) — 3KB
• vfc-20240904_def.xml (EX-101.DEF) — 18KB
• vfc-20240904_lab.xml (EX-101.LAB) — 32KB
• vfc-20240904_pre.xml (EX-101.PRE) — 18KB
• vfc-20240904_htm.xml (XML) — 6KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure Supplemental Financial Information Excluding Supreme On September 4, 2024, V.F. Corporation ("VF") announced the availability of supplemental investor information related to VF's historical quarterly and annual results for fiscal 2024 and the first quarter of fiscal 2025 that gives effect to the pending sale of the Supreme brand business ("Supreme") in accordance with generally accepted accounting principles in the U.S. ("GAAP") and on an adjusted basis. VF believes this provides investors with useful supplemental financial information regarding VF's underlying business trends and the performance of VF's ongoing operations, in accordance with GAAP and on an adjusted basis, post the closing of the pending sale of Supreme. The supplemental financial information is available on the investor relations section of VF's website at www.vfc.com. Q2'FY25 Outlook Excluding Supreme Excluding the impact from Supreme in fiscal 2025, there are no changes to VF's expectations for Q2'FY25 as provided on its Q1'FY25 earnings call on August 6, 2024. All comparisons to the prior year exclude Supreme from both years. The rate of revenue decline in Q2 is expected to improve modestly relative to Q1. Gross margin is expected to be up slightly in Q2 relative to last year. SG&A expenses in Q2 are expected to be slightly up versus the prior year period, which excluding Supreme, are expected to increase in the range of $25 million to $35 million, up 2% to 3% versus the prior year. This combined with the aforementioned revenue decline is expected to result in a higher rate of deleverage in Q2 relative to the prior quarter.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the federal securities laws. Forward- looking statements are made based on VF's expectations and beliefs concerning future events impacting VF and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as "will," "anticipate," "believe," "estimate," "expect," "should," and "may" and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding the expected benefits, financial impact and timing of the sale of the Supreme brand business ("Supreme"), including the use of proceeds therefrom, and assumptions related thereto are forward-looking statements. VF cautions that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. VF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of VF to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: whether and when the required regulatory approvals for the proposed sale of Supreme will be obtained, whether and when the closing conditions will be satisfied and whether and when the proposed sale of Supreme will close, if at all; VF's ability to execute, and realize benefits, successfully, or at all, from the proposed sale of Supreme; the level of consumer demand for apparel and footwear; disruption to VF's distribution system; changes in global economic conditions and the financial strength of VF's consumers and c

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. V.F. CORPORATION (Registrant) By: /s/ Paul Vogel Paul Vogel Executive Vice President and Chief Financial Officer Date: September 4, 2024

View Full Filing

View this 8-K filing on SEC EDGAR