See how the North Face and Vans parent, VF Corp, is clawing its way back amid the coronavirus.
VF Corp.’s crystal ball has cleared enough for the fashion giant to peer a little further into the future — with some big caveats.
Assuming “no material deterioration to the company’s current business operations as a result of COVID-19, governmental actions and regulations,” VF said revenues would tally at least $9 billion this fiscal year. That would be a 14 percent drop, on an adjusted basis, with a return to growth in the fourth quarter . Adjusted earnings per share would be at least $1.20, down about 55 percent from a year earlier.
VF has also had the financial wherewithal to raise its quarterly dividend 2 percent to 49 cents a share.
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