VF Corp.

NYSE:VFC   3:59:59 PM EDT
72.32
-0.22 (-0.30%)
Other Pre-Announcement

VF Reports Second Quarter Fiscal 2021 Results

Published: 10/16/2020 11:14 GMT
VF Corp (VFC) - Vf Reports Second Quarter Fiscal 2021 Results.
Q2 Adjusted Earnings per Share $0.67 From Continuing Operations.
Q2 Earnings per Share $0.62 From Continuing Operations.
Q2 Earnings per Share Estimate $0.49 -- Refinitiv Ibes Data (analyst estimates).
Sees FY Adjusted Earnings per Share at Least $1.20.
Sees FY Revenue at Least $9.0 Billion.
Vf Ended Q2 of Fiscal 2021 With Inventories Down 10 Percent Compared to Prior Year.
Nearly All of Vf's Retail Stores in Emea and Apac Regions, Including Mainland China, Remained Open During Q2.
As Covid-19 Uncertainty Continues, Vf Expects Ongoing Disruption to Its Business Operations.
In North America, 75 Percent of All Retail Locations Were Open at End of Q1 and Over 95 Percent of All Retail Stores Were Open at End of Q2.
Currently All of Vf's North American Retail Stores Are Open.
Majority of Vf's Supply Chain is Currently Operational.
Qtrly Revenue From Continuing Operations Decreased 18 Percent (down 19 Percent in Constant Dollars) to $2.6 Billion.
Sees FY 2021 Adjusted Free Cash Flow Expected to Exceed $600 Million.
Q2 Revenue View $2.50 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2021 Earnings per Share View $1.13 -- Refinitiv Ibes Data (analyst estimates).
FY2021 Revenue View $8.84 Billion -- Refinitiv Ibes Data (analyst estimates).