VF Corporation
VFP.DE
€11.33 1.45%
Exchange: XETRA | Sector: Consumer Cyclical | Industry: Apparel Manufacturers
Q3 2024
Published: Dec 31, 2024

Earnings Highlights

  • Revenue of $2.83B up 48.6% year-over-year
  • EPS of $0.43 increased by 164.2% from previous year
  • Gross margin of 56.3%
  • Net income of 167.78M
  • "CEO of VF Corporation stated, 'We are at a significant inflection point as we pivot more towards a direct-to-consumer model, which is driving higher margins and customer loyalty.'" - CEO

VF Corporation (VFP.DE) Q3 2024 Results: Strong Revenue Growth Amidst Strategic Shifts

Executive Summary

In Q3 2024, VF Corporation reported a remarkable revenue of $2.83 billion, reflecting a year-over-year growth of 48.58%, driven by strong consumer demand and effective product innovation across its core brands. The gross profit margin improved to 56.29%, underscoring operational efficiency despite rising input costs, while net income rose dramatically by 164.81% to $167.78 million, further illustrating the company's strong earnings momentum. Management highlighted an ongoing shift towards direct-to-consumer sales, indicating a strategic focus that not only boosts margins but also enhances customer engagement. As VF Corporation continues its pivot towards innovative lifestyle apparel and e-commerce, investors can infer a robust growth trajectory in the upcoming quarters.

Key Performance Indicators

Revenue

2.83B
QoQ: 2.75% | YoY:48.58%

Gross Profit

1.60B
56.29% margin
QoQ: 10.73% | YoY:60.86%

Operating Income

225.78M
QoQ: -17.57% | YoY:194.12%

Net Income

167.78M
QoQ: 221.55% | YoY:164.81%

EPS

0.43
QoQ: 230.77% | YoY:164.18%

Revenue Trend

Margin Analysis

Key Insights

1. **Revenue Growth**: $$2.83 billion; YoY +48.58%, QoQ +2.75%. 2. **Gross Profit**: $$1.60 billion; gross profit margin improved to 56.29%. 3. **Operating Income**: $$225.78 million; YoY +194.12%, QoQ -17.57%. 4. **Net Income**: $$167.78 million; YoY +164.81%, QoQ +221.55%. 5. **EPS**: $$0.43; YoY +164.18%, QoQ +230.77%. The solid growth reflects VF Corporation's strategic focus on higher-margin products and direct-to-consumer avenues, which have proven effective even amidst economic chall...

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 1,760.67 0.00 -36.2% View
Q4 2025 2,143.77 -0.39 -22.3% View
Q3 2025 2,833.91 0.43 +48.6% View
Q2 2025 2,757.95 0.13 +16.0% View
Q3 2024 2,833.91 0.43 +48.6% View