VF Corp

VFC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$67.00	Qkdv	Pwdnrgqfq

VF Lacks a Competitive Edge, but Its Complete Overhaul Provides Hope

David Swartz

Aug 26, 2024

Business Strategy and Outlook

VF has built a portfolio of solid brands in multiple apparel categories, but we do not believe it has a competitive advantage. Vans and Timberland have been drivers of value historically, but both have experienced steep declines in sales over the past few quarters. The North Face has been performing better, but we do not believe it can provide a moat for the company by itself.

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