6 February 2025
The US-based footwear company has reported progress on its turnaround plan. Vans continues to improve quarter on quarter and the Americas region has returned to positive territory. By World Footwear.
“We made strong progress in Q3’25, improving profitability and further strengthening the balance sheet. The pace of VF’s transformation is on track as we deliver against our Reinvent priorities”, said Bracken Darrell, President and CEO. “Although there is work to do to consistently deliver double-digit operating margins and sustainable top-line growth, we are making great strides in transforming VF into a truly differentiated, multi-brand operator”.
its net debt by 1.9 billion US dollars in the third quarter of fiscal 2024 to 4.67 billion US dollars this quarter.
However, for the fourth quarter, the company expects its revenue to decline year-on-year in the range of 4% to 5% or in the range of 2% to 4% on a constant currency basis.
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