VF Corporation today reported financial results for its fourth quarter and fiscal year ended March 30, 2024 .
Bracken Darrell, President and CEO, said:
In Q4, we made progress advancing our.
First Quarter 2024 Highlights
Revenue of $631 million decreased 5 percent compared to prior year
Reported gross margin was 45.2 percent. Adjusted gross margin was 45.7 percent and increased 270.
Fourth Quarter 2023 Highlights
Revenue of $670 million decreased 8 percent
Reported gross margin was 41.7 percent. Adjusted gross margin was 42.2 percent, including an unanticipated 90 basis.
Public cloud ARR of $454 million, an increase of 63% as reported and 61% in constant currency from the prior year period
Total ARR of $1.524 billion, an increase of 11% as reported and 9% in.
Third Quarter 2023 Highlights
Q3’23 revenue of $655 million increased 8 percent compared to Q3 22
Q3’23 gross margin of 41.5 percent decreased 200 basis points compared to Q3’22,.