V.F. Corporation (VFC) CEO Steve Rendle on Q4 2022 Results - Earnings Call Transcript

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Q4: 2022-05-19 Earnings Summary

EPS of $0.45 misses by $0.02
 | Revenue of $2.82B (15.73% Y/Y) misses by $3.24M

V.F. Corporation (NYSE:VFC) Q4 2022 Earnings Conference Call May 19, 2022 4:30 PM ET

Company Participants

Allegra Perry - Vice President, Investor Relations
Steve Rendle - Chairman, President and Chief Executive Officer
Matt Puckett - Executive Vice president and Chief Financial Officer
Kevin Bailey - Global Brand President, Vans
Steve Murray - Global Brand President, North Face

Conference Call Participants

Laurent Vasilescu - BNP Paribas
Michael Binetti - Credit Suisse
Camilo Lyon - BTIG
Matthew Boss - JPMorgan
Jim Duffy - Stifel
Brooke Roach - Goldman Sachs
Bob Drbul - Guggenheim
Tracy Kogan - Citi
Krista Zuber - Cowen

Operator

Greetings and welcome to the VF Corporation Fourth Quarter Fiscal 2022 Conference Call. [Operator Instructions] Please note that this conference is being recorded. I will now turn the conference over to our host, Allegra Perry, Vice President, Investor Relations. Thank you. You may begin.

Allegra Perry

Good afternoon and welcome to VF Corporation’s fourth quarter fiscal 2022 conference 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, which we’ve defined in the press release that was issued this afternoon and which we use as lead numbers in our discussion because we believe they more accurately represent the true operational performance and underlying results of our business. You may also hear us refer to reported amounts, which are in accordance with U.S. GAAP. Reconciliations of GAAP measures to adjusted amounts can be found in the supplemental financial tables included in the press release, which identify and quantify all excluded items and provide management’s view of why this information is useful

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