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V.F. Corporation

5/20/2013, 3:57 AM ET

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Friday, May 17, 10:29 AM Demand is rising for "frackwear" that oil and gas workers can wear to protect themselves from wires and explosions, and retailers and clothes makers are trying to take advantage. VF Corp. (VFC) says it is pulling research teams from malls and placing them alongside workers in oil fields. Retailers including Cabela's (CAB) say they are seeing rising demand for sturdy shoes and fire-resistant clothing. Comment! [Energy, Consumer]
Friday, May 10, 12:32 PM A number of retailers are seeing some speculative buying after True Religion TRLG lands a takeover offer and Gap puts in a powerhouse month for sales to help lift sentiment. The S&P Retail ETF (XRT) is up 1.1%, but might be doing better on the day if not for its heavy weighting currently into drugstore and grocery stocks. Gainers: FNP +4.1%, JOEZ +2.3%, VFC +1.5%, JNY +1.9%, GES +2.1%, APP +2.2%, BKE +1.5%. 1 Comment [Consumer, On the Move]
Friday, April 26, 7:10 AM More on V.F. Corp's (VFC) Q1: The retailer got a big benefit from a shift in its strategy to a higher-margin business with gross margin increasing 240 bps Y/Y. Sales for the North Face brand increased 6% while Timberland brand sales rose 2%. The important direct-to-consumer channel saw a solid 12% increase during the period and now accounts for 20% of total revenue. (PR) Comment! [Consumer, Earnings]
Friday, April 26, 7:03 AM V.F. Corp (VFC): Q1 EPS of $2.43 beats by $0.24. Revenue of $2.6B (+2% Y/Y) misses by $0.04B. (PR) Comment! [Earnings, Breaking News, Consumer]
Friday, April 26, 12:05 AM Notable earnings before Friday’s open: ABBV, AEP, AON, ARLP, B, BKW, BPO, COV, CVX, DHI, DLR, DTE, FLIR, GDI, GNC, GT, HMSY, IMGN, ITRI, LAZ, LYB, MPW, NOV, SPG, TRP, TYC, VFC, VTR, WETF, WY Comment! [Earnings]
Thursday, April 25, 5:30 PM Notable earnings before Friday’s open: ABBV, AEP, AON, ARLP, B, BKW, BPO, COV, CVX, DHI, DLR, DTE, FLIR, GDI, GNC, GT, HMSY, IMGN, ITRI, LAZ, LYB, MPW, NOV, SPG, TRP, TYC, VFC, VTR, WETF, WY Comment! [Earnings]
Monday, April 15, 9:34 AM A sale of the Lucky Brand and Juicy Couture labels could fetch as much as $700M for Fifth & Pacific (FNP -0.2%), according to sources. VF Corp. (VFC +0.1%) is in the hunt for the brands along with some P-E firms. 1 Comment [Consumer]
Friday, April 12, 5:07 PM Fifth & Pacific's (FNP +1.5%) Lucky Brand and Juicy Couture labels are attracting interest from P-E firms and strategic buyers including VF Corp. (VFC), Bloomberg reports. Lucky likely would fetch the higher price of ~$400M; gross margin expanded as its sales jumped 10% last year to $461M. It is not clear if the brands would be sold together or separately. Comment! [Consumer, M&A]
Friday, April 5, 8:50 AM Takeover offers for Billabong (BLLAY.PK) have come in lower than anticipated, according to the Australian Financial Review. Sycamore Partners entered a bid of A$0.60 per share while U.S. retailer V.F. Corp (VFC) came in at A$0.50 per share. Comment! [Consumer, Global & FX, M&A]
Wednesday, April 3, 11:04 AM Will the recent bout of cold weather in the U.S. amount to a hill of beans to U.S. apparel retailers? Though the late start to the spring selling season is sure to give under-performing companies a handy excuse, analysts note that players with strong online channels and growth potential from overseas operations could ride out the bumpy quarter just fine. Gap (GPS +1.7%), Urban Outfitters (URBN -0.6%), Limited Brands (LTD +0.3%), and VF Corp (VFC +0.5%) come to mind. Comment! [Consumer, Quick Ideas]
Friday, February 15, 7:50 AM More on V.F. Corp (VFC): Organic sales fell a percentage point Q/Q to 6% during the period as the Timberland brand underperformed with winter weather warmer than anticipated and Europe sales weak. The company sees margins improving by 100 bps in 2013 as the revenue mix trends toward higher-margin items. Guidance for FY13 is issued on the cautious side, with revenue estimates set at $11.5B vs $11.86 consensus and EPS of $10.70 vs $10.95 consensus. (PR) 1 Comment [Consumer, Earnings]
Friday, February 15, 7:01 AM V.F. Corp (VFC): Q4 EPS of $3.07 beats by $0.02. Revenue of $3.0B (+4% Y/Y) misses by $0.07B. (PR) Comment! [Earnings, Breaking News, Consumer]
Friday, February 15, 12:05 AM Notable earnings before Friday’s open: AEP, BAM, BKW, CPB, DLR, ENB, IPGP, KRFT, MNTA, RCI, SFL, SJM, SNH, TRW, UPL, VFC, VTG, VTR Comment! [Earnings]
Thursday, February 14, 5:30 PM Notable earnings before Friday’s open: AEP, BAM, BKW, CPB, DLR, ENB, IPGP, KRFT, MNTA, RCI, SFL, SJM, SNH, TRW, UPL, VFC, VTG, VTR Comment! [Earnings]
Wednesday, February 6, 10:31 AM A rousing Q4 report from Ralph Lauren (RL +7.7%) is broad enough in its implications to help lift other high-end apparel companies. The bull theme on the sector is that incremental improvement in Europe is possible and that with the proper execution global sales can accelerate. Advancers: PVH Corp (PVH +4.5%), Warnaco (WRC +1.5%), V.F. Corporation (VFC +1.7%). Comment! [Consumer, On the Move]
Monday, January 28, 10:22 AM The National Retail Federation forecasts 2013 retail sales will increase at a rate of 3.4%, lower than the 4.2% rise seen in 2012. Consumer attitudes will be influenced by higher payroll taxes and the ongoing fiscal cliff drama before improving in the second half of the year, according to the trade group. Retailers with strong online businesses should be able to ride out the moderate growth period adequately with online sales forecast to rise between 9% and 12% for the year. 9 Comments [Consumer]