VFC Unveils Long-Term Strategy| MENAFN.COM

Saturday, 03 December 2022 10:53 GMT

VFC Unveils Long-Term Strategy


(MENAFN- Baystreet.ca) VFC Unveils Long-Term Strategy

VF Corporation (NYSE: VFC), a leading portfolio of active-lifestyle brands including Vans®, The North Face®, Timberland® and Dickies®, today is hosting its 2022 Investor Day in Denver. In connection with the event, the company is introducing a FY27 long-term strategic growth plan and financial targets.

“Our new five-year growth plan demonstrates how we will leverage VF's proven strengths and distinct model to deliver superior returns to shareholders over the long term,” said CEO Steve Rendle.“The global economic environment has dramatically changed since we held our last Investor Day in late 2019. Despite significant disruptions during the past three years, VF has successfully navigated the challenges to become a more agile and focused enterprise that is advancing a clear vision to be the world's most dynamic portfolio of iconic, deeply loved, active-lifestyle brands.”

Revenue through FY27 is expected to grow at a five-year CAGR of mid- to high single digit % (in constant dollars) with all brands, regions and channels contributing to growth over that time.

The North Face® brand revenue five-year CAGR expected to be up high single to low double-digit % (in constant dollars).

Vans® brand revenue five-year CAGR expected to be up mid-single digit % (in constant dollars).

Timberland® brand revenue five-year CAGR expected to up mid-single digit % (in constant dollars).

Dickies® brand revenue five-year CAGR expected to up high single digit % (in constant dollars).

Supreme® brand revenue five-year CAGR expected to up high single to low double-digit % (in constant dollars).

VFC shares doffed six cents to $35.01.

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