V.F. Corporation (VFC) CEO Steven Rendle on Q4 2019 Results - Earnings Call Transcript

May 22, 2019 3:16 PM ETV.F. Corporation (VFC)
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V.F. Corporation (NYSE:VFC) Q4 2019 Earnings Conference Call May 22, 2019 8:30 AM ET

Company Participants

Joe Alkire - Vice President, Investor Relations.

Steven Rendle - President and Chief Executive Officer

Scott Roe - Chief Financial Officer

Conference Call Participants

Erinn Murphy - Piper Jaffray

Robert Drbul - Guggenheim Securities

Michael Binetti - Credit Suisse

Jonathan Komp - Robert W. Baird & Co.

Laurent Vasilescu - Macquarie Group

Alexandra Walvis - Goldman Sachs

Matthew Boss - JPMorgan

Jay Sole - UBS Investment Bank


Greetings, and welcome to the V.F. Corporation Fourth Quarter Fiscal 2019 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.

It is now pleasure to introduce your host, Joe Alkire, Vice President of Investor Relations. Please go ahead, sir.

Joe Alkire

Good morning, and welcome to V.F. Corporation's fourth quarter fiscal 2019 earnings call. Participants on today's call will make forward-looking statements. These statements are based on current expectations and are subject to uncertainties that could cause actual results to differ materially. These uncertainties are detailed in documents filed regularly with the SEC. Unless otherwise noted, amounts referred to on today's call will be on an adjusted constant dollar basis, excluding Kontoor Brands, which we define in the press release that was issued this morning. In the context of VF's review of its fiscal 2019 results, excluding Kontoor Brands amounts exclude the results of VF’s Jeans reportable segment, Wrangler RIGGS brand and VF Outlet business. The results are not indicative of the results of Kontoor Brands as a standalone entity, and are not representative of VF’s discontinued operations view of consolidated results after the separation of Kontoor Brands is complete.

In addition, the release provides adjusted

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