V F CORP
For the period ended Dec 28, 2024. Filed Jan 29, 2025.
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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.
Dec 28, 2024 · Filed Jan 29, 2025
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Earnings (Loss) Per Share
NOTE 15 —EARNINGS (LOSS) PER SHARE
| Three Months Ended December | Nine Months Ended December | |||
|---|---|---|---|---|
| (In thousands, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Earnings (loss) per share – basic: | ||||
| Income (loss) from continuing operations | $169,109 | $(91,736) | $219,591 | $(606,353) |
| Weighted average common shares outstanding | 389,218 | 388,383 | 389,001 | 388,294 |
| Earnings (loss) per share from continuing operations | $0.43 | $(0.24) | $0.56 | $(1.56) |
| Earnings (loss) per share – diluted: | ||||
| Income (loss) from continuing operations | $169,109 | $(91,736) | $219,591 | $(606,353) |
| Weighted average common shares outstanding | 389,218 | 388,383 | 389,001 | 388,294 |
| Incremental shares from stock options and other dilutive securities | 4,690 | — | 2,434 | — |
| Adjusted weighted average common shares outstanding | 393,908 | 388,383 | 391,435 | 388,294 |
| Earnings (loss) per share from continuing operations | $0.43 | $(0.24) | $0.56 | $(1.56) |
Outstanding stock options and other potentially dilutive securities of approximately 9.0 million and 13.6 million shares were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2024, respectively, because the effect of their inclusion would have been anti-dilutive to those periods. In addition,2.4 million and 1.9 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2024, respectively, because these units were not considered to be contingent outstanding shares in those periods.
In the three and nine-month periods ended December 2023, the dilutive impacts of all outstanding stock options and other dilutive securities were excluded from dilutive shares as a result of the Company's loss from continuing operations for the periods and, as such, their inclusion would have been anti-dilutive. As a result, a total of 19.2 million and 19.0 million potentially dilutive shares related to stock options and other dilutive securities were excluded from the diluted loss per share calculations for the three and nine-month periods ended December 2023, respectively.
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