The 10-second takeaway
For the quarter ended Dec. 31 (Q4), VF met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded significantly.
Margins expanded across the board.
VF recorded revenue of $3.03 billion. The 18 analysts polled by S&P Capital IQ hoped for a top line of $3.07 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $3.07. The 19 earnings estimates compiled by S&P Capital IQ forecast $3.04 per share. GAAP EPS of $2.98 for Q4 were 30% higher than the prior-year quarter's $2.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 47.4%, 220 basis points better than the prior-year quarter. Operating margin was 14.8%, 380 basis points better than the prior-year quarter. Net margin was 11.0%, 220 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.73 billion. On the bottom line, the average EPS estimate is $2.31.
Next year's average estimate for revenue is $11.85 billion. The average EPS estimate is $10.95.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 476 members out of 499 rating the stock outperform, and 23 members rating it underperform. Among 179 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 177 give VF a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VF is outperform, with an average price target of $175.37.
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