External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

Key points<ul><li>VFC is a large apparel company with iconic brands such as The North Face and Vans</li><li>Shares are currently undervalued following a disappointing FY23, with estimated fair value of $40/share</li><li>Strong brands and opportunities for portfolio rationalization and margin improvement make VFC a potential growth opportunity with new management in place.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key pointsVFC is a large apparel company with iconic brands such as The North Face and VansShares are currently undervalued following a disappointing FY23, with estimated fair value of $40/shareStrong brands and opportunities for portfolio rationalization and margin improvement make VFC a potential growth opportunity with new management in place.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>V.F. Corporation's Third Quarter Fiscal 2024 reveals that the company experienced disappointing results, mainly due to warm weather affecting sales of their North Face and Timberland brands, operational challenges, and an ongoing cyber incident.</li><li>The company is committed to rectifying these issues in order to prevent a recurrence of similar results.</li><li>V.F. Corporation is taking aggressive steps to improve performance, including introducing transformation efforts across the company.</li></ul>

V.F. Corporation's Third Quarter Fiscal 2024 reveals that the company experienced disappointing results, mainly due to warm weather affecting sales of their North Face and Timberland brands, operational challenges, and an ongoing cyber incident.The company is committed to rectifying these issues in order to prevent a recurrence of similar results.V.F. Corporation is taking aggressive steps to improve performance, including introducing transformation efforts across the company.

V.F. Corporation: Challenges In Wholesale Performance Despite D2C Channel Strength! - Major Drivers

<ul><li>VF Corporation delivered mixed results for the previous quarter, with revenues above the analyst consensus.</li><li>In the second quarter, the company faced challenges, with declines in Vans and the Americas business outweighing positive performances in The North Face and international markets.</li><li>Vans, however, faced a disappointing quarter with a 23% revenue decline attributed to slow sell-through rates and challenged traffic.</li></ul>

VF Corporation delivered mixed results for the previous quarter, with revenues above the analyst consensus.In the second quarter, the company faced challenges, with declines in Vans and the Americas business outweighing positive performances in The North Face and international markets.Vans, however, faced a disappointing quarter with a 23% revenue decline attributed to slow sell-through rates and challenged traffic.

VF Corporation: Its 'Reinvent' Plan a Game Changer for the Fashion Industry? - Major Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.</li>
<li>The index is reviewed quarterly. The next review will be in June 2024 and the evaluation date for the rankings for the constituent selection process is 6th June 2024.</li>
<li>In this insight, we take a look at the Potential ADDs and Potential DELs for the June 2024 index rebal event and the intra-review ADDs/DELETEs.</li>
</ul>


The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
The index is reviewed quarterly. The next review will be in June 2024 and the evaluation date for the rankings for the constituent selection process is 6th June 2024.
In this insight, we take a look at the Potential ADDs and Potential DELs for the June 2024 index rebal event and the intra-review ADDs/DELETEs.


Quiddity Leaderboard S&P 500 Jun 24 Rebal: Many Intra-Review Changes Possible Due to M&A, Spin-Offs

<ul><li>VF Corporation delivered a mixed result in the past quarter, with revenues above anticipations, but it failed to surpass the analyst consensus in terms of earnings.</li><li>While their on-time performance and in-stock percentages were both back in line with their expectations, lead times concluded the quarter at typical levels.</li><li>Vans experienced a 22% decline in the quarter and was significantly impacted by the brand's expected 40% decline in wholesale sales in the Americas.</li></ul>

VF Corporation delivered a mixed result in the past quarter, with revenues above anticipations, but it failed to surpass the analyst consensus in terms of earnings.While their on-time performance and in-stock percentages were both back in line with their expectations, lead times concluded the quarter at typical levels.Vans experienced a 22% decline in the quarter and was significantly impacted by the brand's expected 40% decline in wholesale sales in the Americas.

VF Corporation: Understanding the Dynamics Behind The Recent Financial Performance! - Major Drivers

United States

VF Corporation is an international apparel company. The Company owns a broad portfolio of brands in the jeanswear, outerwear, packs, footwear, sportswear and occupational apparel categories. VF Corp's products are marketed to consumers shopping in specialty stores, upscale and traditional department stores, national chains and mass merchants.

Vf Corp (VFC US)

Vf Corp (VFC) - Monday, Jan 22, 2024

VFC is a large apparel company with iconic brands such as The North Face and Vans. Shares are currently undervalued following a disappointing FY23,...

Value Investors Club

V.F. Corporation: Challenges In Wholesale Performance Despite D2C Channel Strength! - Major Drivers

V.F. Corporation's Third Quarter Fiscal 2024 reveals that the company experienced disappointing results, mainly due to warm weather affecting...

Baptista Research

VF Corporation: Its 'Reinvent' Plan a Game Changer for the Fashion Industry? - Major Drivers

VF Corporation delivered mixed results for the previous quarter, with revenues above the analyst consensus. In the second quarter, the company...

Baptista Research

Quiddity Leaderboard S&P 500 Jun 24 Rebal: Many Intra-Review Changes Possible Due to M&A, Spin-Offs

The SP500 will to see up to 4 intra-review changes before the June 2024 rebal. 3 near certain. The interesting ones? Two SP600 deletions due to...

Travis Lundy

VF Corporation: Understanding the Dynamics Behind The Recent Financial Performance! - Major Drivers

VF Corporation delivered a mixed result in the past quarter, with revenues above anticipations, but it failed to surpass the analyst consensus in...

Baptista Research