V.F. Corporation (NYSE:VFC) Q1 2025 Earnings Conference Call August 6, 2024 4:30 PM ET

Company Participants

Allegra Perry - Vice President of Investor Relations
Bracken Darrell - President & Chief Executive Officer
Paul Vogel - Executive Vice President & Chief Financial Officer

Conference Call Participants

Brooke Roach - Goldman Sachs
Michael Binetti - Evercore ISI
Paul Lejuez - Citigroup
Jim Duffy - Stifel
Matthew Boss - JPMorgan
Laurent Vasilescu - BNP Paribas
Bob Drbul - Guggenheim
Jay Sole - UBS
Mitch Kummetz - Seaport Research Partners
John Kernan - TD Cowen
Adrienne Yih - Barclays
Tom Nikic - Wedbush Securities
Ike Boruchow - Wells Fargo
Simeon Siegel - BMO Capital Markets
Janine Stichter - BTIG
Dana Telsey - Telsey Advisory Group
Jonathan Komp - Baird

Operator

Good afternoon. My name is Angela and I will be your conference operator today. At this time, I would like to welcome everyone to the VF Corporation’s First Quarter Fiscal Year 2025 Earnings Call. [Operator Instructions]

I will now turn the call over to Allegra Perry, Vice President, Investor Relations, to open the conference call. You may begin.

Allegra Perry

Good afternoon and welcome to VF Corporation's first quarter fiscal 2025 conference call.

Participants on today's call will make forward-looking statements. These statements are based on current expectations and are subject to uncertainties that could cause actual results to differ materially. These uncertainties are detailed in documents filed regularly with the SEC. Unless otherwise noted, amounts referred to on today's call will be on an adjusted constant dollar basis which we've defined in the press release that was issued this afternoon and which we use as lead numbers in our discussion because we believe they more accurately represent the true operational performance and underlying results of our business. You may also hear us refer to reported amounts which are in accordance with U.S. GAAP. Reconciliations of GAAP measures to adjusted amounts can be found in the supplemental financial tables included in the press release which identify and quantify all excluded items and provide management's view of why this information is useful to investors.

Joining me on the call will be VF's President and Chief Executive Officer, Bracken Darrell; and EVP and Chief Financial Officer, Paul Vogel. Following our prepared remarks, we'll open the call for questions.

I'll now hand over to Bracken.

Bracken Darrell

Thank you all for joining us. I passed my 1-year anniversary of VF on July 17. Coincidentally, the same day we announced the Supreme divestiture. It's been a full year of transformation and I believe the pace of change won't slow going forward. This is the new norm at VF and it's exciting.