VF Corporation (NYSE: VFC), a leading apparel and footwear company, Tuesday announced financial results for the fourth quarter of 2023.
- Fourth-quarter revenue decreased 3% year-over-year to $2.7 billion and remained flat in constant dollars
- On an unadjusted basis, the company reported a loss of $0.55 per share for Q4, compared to earnings of $0.21 per share last year
- Adjusted profit was $0.17 per share during the three-month period, down from $0.45 per share reported last year
- For fiscal 2024, the management expects total revenues to be flat to up slightly in constant dollars
- Gross margin is expected to grow at least 100 basis points, benefiting from a lower promotional environment
- The estimate for earnings per share is $2.05-$2.25 for fiscal 2024
- The management expects the full-year free cash flow to be about $900 million
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
