VF Sees FY24 Total Revenue Flat To Up Slightly, Sees EPS $2.05-$2.25, Including More Than $(0.30) From Adverse Effect Of Higher Interest, Forex, Normalized Incentive Compensation And Higher Tax Rate
Portfolio Pulse from Bill Haddad
VF Corporation (VFC) expects FY24 total revenue to be flat or slightly up, with an EPS of $2.05-$2.25, including more than $(0.30) from adverse effects of higher interest, forex, normalized incentive compensation, and higher tax rate.
May 23, 2023 | 8:11 pm
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VFC's FY24 revenue is expected to be flat or slightly up, with an EPS of $2.05-$2.25, negatively impacted by higher interest, forex, normalized incentive compensation, and higher tax rate.
The company's revenue forecast for FY24 is flat to slightly up, which indicates a neutral outlook. However, the EPS is negatively impacted by higher interest, forex, normalized incentive compensation, and higher tax rate, which could create uncertainty among investors. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100