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Strategies & Market Trends : Value Investing
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To: S. maltophilia who wrote (75487)5/22/2024 6:55:27 PM
From: E_K_S3 Recommendations

Recommended By
JohnyP
roguedolphin
S. maltophilia

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RE: V.F. Corp (VFC) - earnings Miss $10.95 -11.2% AH

V.F. Corporation ( VFC, Financial) reported a 13% year-over-year decline in revenue to $2.4 billion, slightly missing consensus expectations. The North Face business saw a 5% drop, while the Vans business recorded a 26% decline, attributed to efforts to right-size inventories in the wholesale channel. Timberland and Dickies businesses also saw revenue drops of 14% and 15%, respectively. All geographic regions experienced revenue declines, with the Americas leading with a 22% drop. Despite a favorable mix benefiting adjusted gross margins by 180 basis points, unfavorable rates and promotional activities offset these gains by 300 basis points.

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After reading many of the comments, I sold my position last week. Looks like a 'Value' Trap; hard to say but it was the huge debt and Goodwill that changed my mind on this.
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