Vf reports fourth quarter and full year fiscal 2020 results

Vf reports fourth quarter and full year fiscal 2020 results.sees q1 revenue down more than 50 percent.qtrly revenue decreased 11 percent (down 10 percent in constant dollars) to $2.1 billion.qtrly loss per share was $1.22 on a reported basis.on adjusted basis, qtrly eps decreased 70 percent to $0.10.q4 earnings per share view $0.14, revenue view $2.28 billion -- refinitiv ibes data.not possible to provide a financial outlook for full-year fiscal 2021 at this time.full-year fiscal 2021 free cash flow is expected to exceed $600 million..suspended its share repurchase program..on may 12, 2020, vf's board of directors declared a quarterly dividend of $0.48 per share.currently expects most of its retail stores to be open by mid-calendar year 2020.believes has sufficient liquidity and flexibility to operate during disruptions caused by covid-19.currently, all of vf's retail stores in apac region, including mainland china, have re-opened..while retail store traffic has improved recently, it remains down significantly compared with prior year..started a phased reopening of its retail stores in emea region.in north america, vf is prepared to begin a phased reopening of its retail stores.vf currently expects most of its retail stores to be open by mid-calendar year 2020.vf - has approximately $3 billion of cash on hand in addition to approximately $2.2 billion available under its revolving credit facility.continues to operate global network of distribution centers.
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