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Article Date: September 2019
Word Count: 1125

VF Raises Growth Targets in New Five Year Plan


Halfway through its previous five year plan that began in 2017, VF Corp. said revenue is tracking ahead, driven by its major brands, DTC digital and international businesses, with total revenues from calendar year 2016 through FY19 up 10% against a 2021 target of 4%-6% growth. Looking at new five year targets to 2024, management projects 7%-8% CAGR for total revenue, and a total shareholder return target between 14% and 16%. It identified growth drivers as its “big 4” brands – Vans, The North Face, Timberland and Dickies – which make up 90% of sales, along with its international business ... Log in to view full article.

 


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