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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (75482)	4/25/2024 2:22:24 PM
From: E_K_S	Read Replies (1) \| Respond to of 78464

Ha; I just noticed the downgrade by GS It's actually a different company from the past. I have done well with LEVI & KTB both +50% or more from my Buys in 9/2023. What attracted me toward them was their DTC (Direct To Market) selling platform. Their DTC is new and building revenues (w/ better margins). The AI (Perplexity.com) pointed this out: Investments in direct-to-consumer (DTC) channels: VF Corporation has been actively investing in and growing its DTC business, which now accounts for 21% of total revenues and is expected to reach 25% by 2017. 4 This DTC focus has helped the company better connect with consumers and gain market share. VFC has an established DTC channel. I noticed that 8 years out of 9 they have been FCF positive too.

To: Paul Senior who wrote (75482)

4/25/2024 2:43:03 PM

From: S. maltophilia

Read Replies (3) | Respond to of 78464

And now, afaik, VFC does not sell lingerie.

Right you are, though I'm not sure I'm thrilled with the current businesses. Seems like they're mostly past their primes.

The following table summarizes VF’s brands by reportable segment:

REPORTABLE SEGMENT

BRANDS

PRIMARY PRODUCTS

Outdoor

The North Face®

High performance outdoor apparel, footwear, equipment, accessories

Timberland®

Outdoor, adventure-inspired lifestyle footwear, apparel, accessories

Smartwool®

Performance merino wool and other natural fibers-based apparel and accessories

Altra®

Performance-based footwear

Icebreaker®

High performance apparel and accessories based on natural fibers

Active

Vans®

Youth culture/action sports-inspired footwear, apparel, accessories

Supreme®

Streetwear apparel, footwear, accessories

Kipling®

Handbags, luggage, backpacks, totes, accessories

Napapijri®

Premium outdoor-inspired apparel, footwear, accessories

Eastpak®

Backpacks, luggage

JanSport®

Backpacks, luggage

Work

Dickies®

Work and work-inspired lifestyle apparel and footwear

Timberland PRO®

Protective work footwear, work and work-inspired lifestyle apparel

Financial information regarding VF’s reportable segments is included in Note 20 to the consolidated financial statements.

2023 10-K

But what scared me away:

		—
2.400% notes, due April 2025 ("2025 notes")	746,933	745,517
4.125% notes, due March 2026 ("2026 notes")	539,121	—
2.800% notes, due April 2027 ("2027 notes")	497,029	496,410
0.250% notes, due February 2028 ("2028 notes")

--Note 14

Just part of the $5.7 billion LTD.

Interest rates will be more onerous when it comes time to refinance.