V.F. Corp. (VFC) Cuts Outlook for Q3 and FY23, Introduces Fiscal Year 2027 Long-term Strategic Plan
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VF Corporation Introduces Fiscal Year 2027 Long-term Strategic Plan and Financial Targets With Revised Outlook for Fiscal Year 2023
September 28, 2022 9:15 AM EDTVF introduces the fiscal year 2027 (FY27) long-term strategic growth plan, which outlines the Companys plan to drive value for shareholders FY27 financial targets include: Revenue five-year compounded annual growth rate (CAGR) up mid- to high single digit % (in constant dollars). Operating margin of approximately 15% by FY27, reflecting both gross margin expansion and SG&A leverage. Earnings per share (EPS) to grow at a five-year CAGR of high single to low double-digit %. Cash available to return to shareholders through dividends and share repurchases of approximately $7 billion (cumulative... More
