VF Corp. Reiterates Guidance For Free Cash Flow Plus The Proceeds From Non-Core Physical Asset Sales Of ~$600M, Excluding The Impact Of The Divestiture Of Supreme, Which Is Anticipated To Be Completed By The End Of Calendar Year 2024. Supreme Is Expected To Be Reported As Discontinued Operations Beginning In Q2 2025
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VF Corp. has reiterated its guidance for free cash flow plus proceeds from non-core physical asset sales of approximately $600 million, excluding the impact of the divestiture of Supreme, which is expected to be completed by the end of 2024. Supreme will be reported as discontinued operations starting in Q2 FY25.
August 06, 2024 | 8:20 pm
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VF Corp. has reiterated its guidance for free cash flow plus proceeds from non-core physical asset sales of approximately $600 million, excluding the impact of the divestiture of Supreme, which is expected to be completed by the end of 2024. Supreme will be reported as discontinued operations starting in Q2 FY25.
The reiteration of guidance for free cash flow and asset sales provides a positive outlook for VF Corp. Excluding the Supreme divestiture, which will be reported as discontinued operations, indicates a strategic focus on core operations. This news is likely to have a positive short-term impact on VFC's stock price.
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