VF Corp. Backs FY22 Outlook; Declares Dividend - Quick Facts

(RTTNews) - While reporting financial results for the second quarter on Friday, VF Corp. (VFC) maintains its adjusted earnings and revenue guidance for the full-year 2022.

For fiscal 2022, the company continues to project adjusted earnings to be approximately $3.20 per share, including an approximate $0.25 contribution from the Supreme brand.

The company also still expects full-year revenues to be approximately $12.0 billion, reflecting growth of approximately 30 percent, including an approximate $600 million contribution from the Supreme brand.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.17 per share on revenues of $11.96 billion for the year. Analysts' estimates typically exclude special items.

Further, VF's Board of Directors declared a quarterly dividend of $0.50 per share, payable on December 20, 2021, to shareholders of record on December 10, 2021. Subject to approval by its Board of Directors, VF intends to continue to pay its regularly scheduled dividend.