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Article Date: April 2019
Word Count: 246

VF Eyes 14% to 16% Total Shareholder Return after Kontoor Spinoff


VF Corp.’s faster growing Vans, North Face, Timberland and Dickies businesses will remain behind as the profitable, but slow-growing Wrangler and Lee jeanswear cash cow is spun off into a separate, publicly traded company next month. Kontoor Brands, which will also include Rock & Republic and the VF Outlet business, will trade under the KTB ticker on the NYSE. After the spin, “RemainCo” will consist of the $4.8 billion Outdoor segment, $4.7 billion Active segment, and $1.8 billion Work segment, which VF expects will product a total long term return of 14-16% per year. That breaks down as 7-8% organic ... Log in to view full article.

 


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