Question

what are the summary and findings for VF corp??

Answer 1

As per the results released by the company for Q3 the following is the summary and findings

Total Revenue is $ 3.4 billion which is 5% more than the previous quarter which reflects the increase in profit of the company

Adjusted earning per share was increased to $ 1.23 billion which is 14% more than the previous quarter .

Gross margin has been increased to 110 basis points which is about 55.7% which is due to high margin business and net foreign currency transaction gains.

Operating income was around $595 million which effected 11 % increase in from previous quarter

Inventories has increased to 12% from the previous quarter

Expectations of the company:

Revenue is to be expexted to be increase to 5% and revenue to outdoor is expected to increase to 4%, Revenue to work expected to be increase to 1% , International Revenue to be expected to increase to 6%, Direct to consumer revenue is now expected to 10%.

Adjusted Gross margin to be 54.1% around 80 basis points increase, Adjusted Operating margin is to be 13.8% which is 90 basis points increase where as adjusted gross operating income is expected to increase approximately to 12%

Adjusted cash flow operations is expected to be $1.3 billion