V F CORP
For the period ended Jun 29, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 7, 2024
VFC$20.74-0.7%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations: Three months ended June and
Consolidated Statements of Operations
| Three Months Ended June | ||
|---|---|---|
| (In thousands, except per share amounts) | 2024 | 2023 |
| Net revenues | $1,907,301 | $2,086,336 |
| Costs and operating expenses | ||
| Cost of goods sold | 915,643 | 985,269 |
| Selling, general and administrative expenses | 1,086,551 | 1,110,059 |
| Impairment of goodwill and intangible assets | 145,000 | — |
| Total costs and operating expenses | 2,147,194 | 2,095,328 |
| Operating loss | (239,893) | (8,992) |
| Interest income | 3,554 | 5,494 |
| Interest expense | (59,231) | (55,213) |
| Other income (expense), net | (1,950) | (3,567) |
| Loss before income taxes | (297,520) | (62,278) |
| Income tax benefit | (38,634) | (4,853) |
| Net loss | $(258,886) | $(57,425) |
| Net loss per common share | ||
| Basic | $(0.67) | $(0.15) |
| Diluted | $(0.67) | $(0.15) |
| Weighted average shares outstanding | ||
| Basic | 388,741 | 388,160 |
| Diluted | 388,741 | 388,160 |
VF Corporation Q1 FY25 Form 10-Q 4
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