VFC - V.F. Corporation: Don't Take Turnaround Success At Face Value
2024-07-01 18:25:39 ET
Summary
- V.F. Corporation's portfolio of brands has performed extremely poorly, as weak performance continued across the board in Q4, even with the North Face.
- The thorough Reinvent turnaround could pose an upside, but the weak continued performance, and failed 2022 Vans & other brands' turnaround plans suggest that success shouldn't yet be expected.
- The valuation seems to price in too aggressive hopes of a turnaround considering the current performance.
V.F. Corporation ( VFC ) sells branded apparel, footwear, and accessories under a portfolio of brands. The brands include large, globally recognized names such as the North Face, Vans, Timberland, and Dickies, but also smaller brands including Icebreaker, Napapijri, JanSport, and Supreme which was acquired in 2020 for $2.1 billion....
V.F. Corporation: Don't Take Turnaround Success At Face Value