After multiple guidance cuts over the past six months, VFC chief Benno Dorer, who replaced Steve Rendle on an interim basis in Dec., affirmed the company’s latest guidance for approximately 3% revenue growth and adjusted earnings of $2.05 to $2.15 per share, within the previous outlook of $2.00 to $2.20. While a search continues for a permanent replacement, Dorer has initiated several actions to “sharpen the company’s focus,” including cutting the dividend to enable faster debt pay down, reducing other operating expenses, and exploring strategic alternatives for VF’s pack brands. Consumer ... Log in to view full article.