V.F. Corp Reports Q1 Loss, Reinstates Modest FY27 Growth Targets
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V.F. Corp reported a Q1 GAAP loss of $0.30 per share and a net loss of $119.3M on $2.17B revenue, which was up 1% year-over-year. The company also reinstated its fiscal 2027 targets, projecting 1-2% constant dollar revenue growth, an adjusted operating margin of approximately 8%, and free cash flow around $405M. This follows recent 8-K and 10-K filings from May 20th that detailed a return to full-year revenue growth for FY26 and initial expectations for FY27 growth. The Q1 loss is a negative, but the reinstatement of specific FY27 targets provides clarity on the company's future outlook, albeit with modest growth projections.
At the time of this announcement, VFC was trading at $16.40 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.3B. The 52-week trading range was $11.06 to $22.27. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.