US’ VF Corporation posts revenue of $3 bn in Q3 FY24

VF Corporation’s Q3 FY24 reported a 16 per cent revenue drop to $3 billion, impacted by wholesale delivery shifts.
Earnings per share fell to a $0.11 loss, with North Face down 10 per cent, and Vans down 28 per cent.
The Americas revenue was down 24 per cent, while APAC grew by 26 per cent, with Greater China up 31 per cent.
Inventory decreased by $333 million.VF Corporation’s Q3 FY24 reported a 16 per cent revenue drop to $3 billion, impacted by wholesale delivery shifts.
Earnings per share fell to a $0.11 loss, with North Face down 10 per cent, and Vans down 28 per cent.
The Americas revenue was down 24 per cent, while APAC grew by 26 per cent, with Greater China up 31 per cent.
Inventory decreased by $333 million.