V.f. Corporation · NYSE:VFC
V.f — Investor Day
91 slides from V.f's investor day presentation
Slide 1: Reinvent to Grow
VF INVESTOR DAY FY25 REINVENT TO GROW VF INVESTOR DAY FY25 | PART 2
Slide 2: Allegra Perry, VP Investor Relations
ALLEGRA PERRY VP,INVESTOR RELATIONS VF INVESTOR DAY FY25 | PART 2 2
Slide 3: Safe Harbor Statement Disclosure
SAFE HARBOR STATEMENT DISCLOSURE Certain statements included in this presentation are "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on VF’s expectations and beliefs conc
Slide 4: Financial Disclosures
FINANCIAL DISCLOSURES Financial information contained in this presentation represent financial measures that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles in the United States of America (“GAAP”), which include or ex
Slide 5: Bracken Darrell, President and CEO
BRACKEN DARRELL PRESIDENT AND CHIEF EXECUTIVE OFFICER VF INVESTOR DAY FY25 | PART 2 5
Slide 6: Today Is About Our Brands
TODAY IS ABOUT OUR BRANDS ENTERPRISE FINANCIAL BRANDS VF INVESTOR DAY FY25 | PART 2 6
Slide 7: We Will Return to Growth
WE WILL RETURN TO GROWTH MARKET SHARE CATEGORY GROWTH GAINS EXPANSION VF INVESTOR DAY FY25 | PART 2 7
Slide 8: Our Brands Are Rooted in Performance
OUR BRANDS ARE ROOTED IN PERFORMANCE VF INVESTOR DAY FY25 | PART 2 8
Slide 9: Our New Brand Leaders Are Focused on Product Creation and Brand Building
OUR NEW BRAND LEADERS ARE FOCUSED ON PRODUCT CREATION AND BRAND BUILDING VF INVESTOR DAY FY25 | PART 2 9
Slide 10: Who Will You Hear From Today?
WHO WILL YOU HEAR FROM TODAY? BRACKEN ABHISHEK NINA CAROLINE DARRELL DALMIA FLOOD BROWN President & CEO Chief Strategy, Global Brand Global Brand President, Transformation President, The North Face® & Digital Officer Timberland® CHRIS GOBLE JENNIFER SUN CHOE PAUL VOGEL Global Brand MCLAREN Global Br
Slide 11: We Are Delivering on Key Commitments
WE ARE DELIVERING ON KEY COMMITMENTS STRENGTHEN BALANCE SHEET Reduced net debt, excluding operating leases, by nearly 40% vs. LY, tracking to 2.5x leverage1 ratio by FY’28 REDUCE COSTS On track to deliver initial $300M in cost savings; actions underway to generate additional ~$500M to $600M operatin
Slide 12: We Are Building a New VF Positioning Brands for Scalable Growth
WE ARE BUILDING A NEW VF THAT IS POSITIONING BRANDS FOR SCALABLE GROWTH ENHANCED FUNCTIONAL STANDARDIZED CREATIVITY EXCELLENCE PROCESSES VF INVESTOR DAY FY25 | PART 2 12
Slide 13: Abhishek Dalmia, Chief Strategy, Transformation & Digital Officer
ABHISHEK DALMIA CHIEF STRATEGY, TRANSFORMATION & DIGITAL OFFICER VF INVESTOR DAY FY25 | PART 2 13
Slide 14: Our Transformation Is Anchored on Brand Growth
RECALL: ~$500M to $600M OPERATING INCOME EXPANSION OUR TRANSFORMATION IS ANCHORED ON BRAND GROWTH REVENUE 1 Global Brand Positioning GROWTH SIMPLIFYING WORK 2 Marketing Effectiveness TO UNLOCK CREATIVITY GROSS MARGIN 3 Product Creation EXPANSION 4 Integrated Business Planning ~$250M to $300M BUILDIN
Slide 15: Why The VF Way Matters
WHY “THE VF WAY” MATTERS Drives improved Creates capacity for Allows rapid performance through our brands to focus transference of adoption of best on what they do best – learnings across practices Creating products brands and and experiences geographies VF INVESTOR DAY FY25 | PART 2 15
Slide 16: The VF Way Is Starting to Unlock Brand Potential
“THE VF WAY” IS STARTING TO UNLOCK BRAND POTENTIAL GLOBAL BRAND DIGITAL & TECHNOLOGY ORGANIZATIONAL POSITIONING ACCELERATION EFFECTIVENESS Driving deeper understanding of our Accelerating our ability to deploy Simplifying brand organizations to consumer, competitor landscape, and new capabilities ac
Slide 17: We Are Building a New VF Positioning Brands for Scalable Growth
WE ARE BUILDING A NEW VF THAT IS POSITIONING BRANDS FOR SCALABLE GROWTH ENHANCED FUNCTIONAL STANDARDIZED CREATIVITY EXCELLENCE PROCESSES VF INVESTOR DAY FY25 | PART 2 17
Slide 18: Nina Flood, Global Brand President, Timberland
NINA FLOOD GLOBAL BRAND PRESIDENT VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 18
Slide 19: Key Themes: Cultural Relevancy, Clear Positioning, Growth Potential
KEY THEMES 1 CULTURAL RELEVANCY 2 CLEAR POSITIONING 3 GROWTH POTENTIAL VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 19
Slide 20: Timberland's Story Starts at the Intersection of Craft and Innovation
ORIGIN STORY TIMBERLAND’S STORY STARTS AT THE INTERSECTION OF CRAFT AND INNOVATION VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 20
Slide 21: Over the Decades, It Was Shaped by Culture
CULTURAL ADOPTION OVER THE DECADES, IT WAS SHAPED BY CULTURE VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 21
Slide 22: Wearing Timbs Has Become a Point of Pride
BADASS ENERGY WEARING TIMBS HAS BECOME A POINT OF PRIDE VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 22
Slide 23: From Boot to Brand
DEEP EMOTIONAL CONNECTION FROM BOOT TO BRAND VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 23
Slide 24: Timberland Had an MVP Year in 2024
“TIMBERLAND HAD AN MVP YEAR IN 2024” - HIGHSNOBIETY VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 24
Slide 25: Style-Forward and Prepared for the Elements
CLEAR CONSUMER TARGET STYLE-FORWARD AND PREPARED FOR THE ELEMENTS VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 25
Slide 26: Consumers Want Products Expertly Crafted That Make a Statement
CRAFTED STYLE CONSUMERS WANT PRODUCTS THAT ARE EXPERTLY CRAFTED AND MAKE A STATEMENT VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 26
Slide 27: Driving Footwear Franchises, Elevating and Curating Apparel
PRODUCT PRIORITIES DRIVING FOOTWEAR ELEVATING AND FRANCHISES CURATING APPAREL VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 27
Slide 28: Consumers Also Want to Feel Bold and Be Noticed
BOLD COMMUNICATIONS CONSUMERS ALSO WANT TO FEEL BOLD AND BE NOTICED VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 28
Slide 29: The Power of Cultural Relevancy
MODERN MARKETING THE POWER OF CULTURAL RELEVANCY Unified Global Amplified Organic Messaging Engagement VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 29
Slide 30: Elevating the Consumer Experience
MARKETPLACE ELEVATING THE CONSUMER EXPERIENCE VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 30
Slide 31: We Have Significant Potential to Grow Timberland
KEY TAKEAWAYS WE HAVE SIGNIFICANT POTENTIAL TO GROW TIMBERLAND 1 Staying Power & Relevance Clear Positioning, 2 Connected to our Heritage & DNA 3 Long Runway for Growth VF INVESTOR DAY FY25 | PART 2 | TIMBERLAND 31
Slide 32: Caroline Brown, Global Brand President, The North Face
CAROLINE BROWN GLOBAL BRAND PRESIDENT VF INVESTOR DAY FY25 | PART 2 | THE NORTH FACE 32 Internal Use
Slide 33: The North Face
VF INVESTOR DAY FY25 | PART 2 | THE NORTH FACE 33 Internal Use
Slide 34: 60 Years of Exploration
60 years of exploration VF INVESTOR DAY FY25 | PART 2 | THE NORTH FACE 34 Internal Use
Slide 35: Consumer, Product, Marketing, Marketplace, Culture & Operations
Consumer Product Marketing Marketplace Culture & Operations VF INVESTOR DAY FY25 | PART 2 | THE NORTH FACE 35 Internal Use
Slide 36: Our Consumer Segments
OUR CONSUMER SEGMENTS Pure Performance Performance-Inspired VF INVESTOR DAY FY25 | PART 2 | THE NORTH FACE 36 Internal Use
Slide 37: Focused Growth in Apparel
FOCUSED GROWTH IN APPAREL 2x Apparel INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 37 Internal Use
Slide 38: Deeper Apparel Distinction
DEEPER APPAREL DISTINCTION Snow, climb, trail Elevating product Head-to-toe, year-round Distinction through design INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 38 Internal Use
Slide 39: Sharpening Franchise Management
SHARPENING FRANCHISE MANAGEMENT Nuptse Mountain Jacket Jacket Himalayan Denali Parka Fleece VF INVESTOR DAY FY25 | PART 2 | THE NORTH FACE 39 Internal Use
Slide 40: Maintaining Leadership in Bags & Equipment
MAINTAINING LEADERSHIP IN BAGS & EQUIPMENT 2x Bags & Equipment Leading the industry with Pushing innovation to best-in-class product drive further growth INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 40 Internal Use
Slide 41: Momentum in Footwear
MOMENTUM IN FOOTWEAR 3x Footwear Award-winning performance Style rooted in authenticity INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 41 Internal Use
Slide 42: Our Innovation Platform
OUR INNOVATION PLATFORM Fueling solution-led innovation INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 42 Internal Use
Slide 43: Key Innovation Areas
3 KEY INNOVATION AREAS Element Moisture Movement protection management enhancement INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 43 Internal Use
Slide 44: Putting More Power Behind the Brand
PUTTING MORE POWER BEHIND THE BRAND Creating deeper consumer connections VF INVESTOR DAY FY25 | PART 2 | THE NORTH FACE 44 Internal Use
Slide 45: Mountain Jacket 40th Anniversary
MOUNTAIN JACKET 40TH ANNIVERSARY Modernizing our marketing platforms VF INVESTOR INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 45
Slide 46: Doubling Down on Our World-Class Athletes
Doubling down on our world-class athletes INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 46 Internal Use
Slide 47: The North Face x Skims Collaboration
THE NORTH FACE X SKIMS Driving strategic collaborations INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 47 Internal Use
Slide 48: The North Face x Skims
THE NORTH FACE X SKIMS INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 48 Internal Use
Slide 49: Globally Consistent Brand Experiences
GLOBALLY CONSISTENT BRAND EXPERIENCES Elevating our global marketplace INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 49 Internal Use
Slide 50: Brooklyn, New York City
BROOKLYN NEW YORK CITY INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 50 Internal Use
Slide 51: Regent Street, London
REGENT STREET LONDON INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 51 Internal Use
Slide 52: Digital
DIGITAL INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 52 Internal Use
Slide 53: Culture & Operations: Strengthening Our Core
CULTURE & OPERATIONS Strengthening our core Culture, talent & Leveraging VF Activating our ways of working capabilities growth model INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 53 Internal Use
Slide 54: Key Takeaways: Unlocking Our Growth Potential
KEY TAKEAWAYS Unlocking our growth potential PRODUCT 1 Building pathways to 2x apparel, 2x equipment, 3x footwear Elevate, innovate, and create differently BRAND 2 Putting more power & consistency behind the brand Focusing on modern marketing platforms, consistent brand, retail & digital experiences
Slide 55: INVESTOR VF INVESTOR DAY DAY
INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2THE | THE NORTH NORTH FACE FACE 55 Internal Use
Slide 56: Chris Goble, Global Brand President, Dickies
CHRIS GOBLE GLOBAL BRAND PRESIDENT VF INVESTOR DAY FY25 | PART 2 | DICKIES 56
Slide 57: Famous for Quality Workwear since 1922
BRAND LEGACY Famous for Quality Workwear since 1922 1922 1950s 1980s 1990s 2017 2022 Present Founded in 1922 Expanded further into Acquisition by VF Strategic reset by C.N. Williamson casual trends with and E.E. “Colonel” Dickie dyed painter’s pants Continued with the Appropriated by pop 100-Year ma
Slide 58: Workwear Built for Job Sites to Off Sites
BRAND – GROWTH MODEL Workwear Built for Job Sites to Off Sites Performance Lifestyle Workwear Workwear FUNCTION & INNOVATION STYLE & RELEVANCE AUTHENTICITY & BRAND DNA VF INVESTOR DAY FY25 | PART 2 | DICKIES 58
Slide 59: Serving a Broad Spectrum of Consumers
MARKETPLACE – WHERE TO PLAY Serving a Broad Spectrum of Consumers WORK CONSUMERS LIFESTYLE SEGMENT DICKIES WORK SEGMENT CONSUMERS VALUE LIFESTYLE CONSUMERS CONSUMERS VALUE SEGMENT CONSUMER TARGET DISTRIBUTION STRATEGY VF INVESTOR DAY FY25 | PART 2 | DICKIES 59
Slide 60: New Collar Boom Fuels Workwear Resurgence
RISING DEMAND New Collar Boom Fuels Workwear Resurgence VF INVESTOR DAY FY25 | PART 2 | DICKIES 60
Slide 61: Regain Leadership in Workwear with a Proven Strategic Playbook
HOW TO WIN Regain Leadership in Workwear with a Proven Strategic Playbook 01 02 03 04 Brand Product Marketing Marketplace Purpose-driven Positioning Global Franchise Management Global Big Idea Framework Consumer-led Segmentation VF INVESTOR DAY FY25 | PART 2 | DICKIES 61
Slide 62: Leveraging Legendary Icons as Vehicles for Growth
PRODUCT – MINING THE ARCHIVES Leveraging Legendary Icons as Vehicles for Growth and Creating Future Franchises Bib Eisenhower Coverall Original 874® Work Shirt Jacket Overall VF INVESTOR DAY FY25 | PART 2 | DICKIES 62
Slide 63: Reigniting Relevance in Our Icons with Design-led Innovation
PRODUCT – FRANCHISE MANAGEMENT Reigniting Relevance in our Icons with Design-led Innovation DETAIL FABRICATION PROPORTION https://www.ocdskateshop.com.au/products/dickies-eisenhower-denim-jacket-light-indigo SILHOUETTE PRINT GRAPHIC Eisenhower Jacket VF INVESTOR DAY FY25 | PART 2 | DICKIES 63
Slide 64: Driving Brand Heat through Style Conviction
MARKETING – GLOBAL BIG IDEA FRAMEWORK Driving Brand Heat through Style Conviction LIFESTYLE INFLUENCE SEGMENT THE MARKET WORK AUTHENTICATE SEGMENT THE CORE SCALE VALUE HOODED THE VOLUME SEGMENT WORKWEAR JACKET VF INVESTOR DAY FY25 | PART 2 | DICKIES 64
Slide 65: Strategic Priorities to Execute the Dickies Turnaround
KEY TAKEAWAYS Strategic Priorities to Execute the Dickies Turnaround REGAIN LEADERSHIP IN WORKWEAR 1 Purpose-driven Positioning and Consumer-led Segmentation LEVERAGE OUR ICONS THROUGH DESIGN-LED INNOVATION 2 Global Franchise Management DRIVE BRAND HEAT 3 Global Big Idea Framework VF INVESTOR DAY FY
Slide 66: Jen McLaren, Global Brand President, Altra
JEN MCLAREN GLOBAL BRAND PRESIDENT VF INVESTOR VF INVESTOR DAYDAY FY25FY25 | 2PART | PART 2 | ALTRA | ALTRA 66 66
Slide 67: Creating a Different Shoe, for Runners by Runners
OUR FOUNDERS' STORY Creating A Different Shoe, For Runners By Runners Brian & Golden VF INVESTOR DAY FY25 | PART 2 | ALTRA 67
Slide 68: Investing Against Our Top Priorities
HOW TO WIN Investing Against Our Top 3 Priorities 1. Product 2. Marketing 3. Marketplace Iconic Innovation Beloved Brand Strategic Marketplace VF INVESTOR DAY FY25 | PART 2 | ALTRA 68
Slide 69: Owning Best-In-Class Fit with Distinct Design
PRODUCT - ICONIC INNOVATION Owning Best-In-Class Fit With Distinct Design Roomy Toe Box Z e ro -to -Lo w D ro p VF INVESTOR DAY FY25 | PART 2 | ALTRA 69
Slide 70: Focus on Core Categories & Winning with Her
PRODUCT - ICONIC INNOVATION Focus On Core Categories & Winning With Her 1. OWN THE TRAIL 2. WIN THE ROAD 3. LEAD WITH WOMEN VF INVESTOR DAY FY25 | PART 2 | ALTRA 70
Slide 71: Embracing Cultural Trends to Drive Brand Awareness
MARKETING - BELOVED BRAND Embracing Cultural Trends To Drive Brand Awareness VF INVESTOR DAY FY25 | PART 2 | ALTRA 71
Slide 72: Leading with Specialty Partners
STRATEGIC MARKETPLACE Leading With Specialty Partners VF INVESTOR DAY FY25 | PART 2 | ALTRA 72
Slide 73: Investing in a Beloved Brand with a Distinctive Solution for Runners
KEY TAKEAWAYS Investing In A Beloved Brand With A Distinctive Solution For Runners Focusing on product by elevating design, 1 innovation, and fit 2 Driving brand awareness authentically Prioritizing specialty retailers in the run 3 and outdoor markets VF INVESTOR DAY FY25 | PART 2 | ALTRA 73
Slide 74: Sun Choe, Global Brand President, Vans
SUN CHOE GLOBAL BRAND PRESIDENT INVESTOR VF INVESTOR DAYDAY FY25 FY25 | PART | PART 2 |2VANS | VANS 74
Slide 75: Our Past Sets the Pattern for a Bold Future
BUILT DIFFERENT SINCE DAY 1 Our Past Sets the Pattern for a Bold Future INVESTOR DAY FY25 | PART 2 | VANS 75
Slide 76: Claiming Our Legacy – Skate Chose Us
WE NEVER LOST IT — WE’RE JUST TAKING IT BACK Claiming Our Legacy – Skate Chose Us § Authenticity: Our athletes are our § Community & Culture: our global § Built for skaters, by skaters cultural ambassadors, creative support for shops that influentially collaborators & community leaders serve as loca
Slide 77: We're Not Following the Culture – We're Resetting It
OTW by Vans We’re Not Following the Culture – We’re Resetting It INVESTOR DAY FY25 | PART 2 | VANS 77
Slide 78: It's Being Noticed
BRAND ELEVATION It’s Being Noticed INVESTOR DAY FY25 | PART 2 | VANS 78
Slide 79: Resetting the Marketplace
SHRINK TO GROW. EDIT TO AMPLIFY. Resetting the Marketplace Resetting Retail: Elevating the Wholesale Marketplace Beyond the Value Channel Segmentation, Not Saturation: Reshaping Wholesale Assortment INVESTOR DAY FY25 | PART 2 | VANS 79
Slide 80: Retail, Reinvented
DTC: ELEVATE OR GET LEFT BEHIND Retail, Reinvented NOTE: the new site is still being designed so we will need to update the mobile video/experience when confirmed. INVESTOR DAY FY25 | PART 2 | VANS 80
Slide 81: Now We Engineer Growth
SOLID START, BIGGER GOALS… Now We Engineer Growth INVESTOR DAY FY25 | PART 2 | VANS 81
Slide 82: We Create It with the Ones Who Own It
WE DON’T CHASE YOUTH CULTURE… We Create It with the Ones Who Own It INVESTOR DAY FY25 | PART 2 | VANS 82
Slide 83: Her Adoption = Our Acceleration
WOMEN DRIVE CULTURE Her Adoption = Our Acceleration INVESTOR DAY FY25 | PART 2 | VANS 83
Slide 84: Expanding Authentically From Our Roots
BUILT, NOT BORROWED Expanding Authentically From Our Roots INVESTOR DAY FY25 | PART 2 | VANS 84
Slide 85: Authentic Growth in Action: What Matters Most
IDENTITY, OWNED. POTENTIAL, UNLOCKED. Authentic Growth in Action: What Matters Most Catalyst. Culture. Canvas. INVESTOR DAY FY25 | PART 2 | VANS 85
Slide 86: Paul Vogel, Chief Financial Officer
PAUL VOGEL CHIEF FINANCIAL OFFICER VF INVESTOR DAY FY25 | PART 2 86
Slide 87: Delivering $300M in Gross Cost Savings
DELIVERING $300M IN GROSS COST SAVINGS VF INVESTOR DAY FY25 | PART 2 87
Slide 88: Additional ~$500M to $600M of Operating Income Expansion
WE WILL DELIVER AN ADDITIONAL ~$500M to $600M OF OPERATING INCOME EXPANSION REVENUE 1 Global Brand Positioning FINANCIAL GROWTH 2 Marketing Effectiveness GROSS MARGIN 3 Product Creation EXPANSION 4 Integrated Business Planning ~$250M to $300M 5 Markdown Management 6 Store Fleet & Labor Optimization
Slide 89: Committed to at Least 10% Operating Margin
COMMITTED TO AT LEAST 10% OPERATING MARGIN Medium-term1 GROSS MARGIN 55% Each incremental $1 billion in revenue drives 1.5% to 2% SG&A (% REVENUE) 45% improvement in operating margin OPERATING MARGIN 10% VF INVESTOR DAY FY25 | PART 2 1Medium-term is defined as in Fiscal Year 2028 89
Slide 90: We Have a Clear Philosophy on Capital Allocation
WE HAVE A CLEAR PHILOSOPHY ON CAPITAL ALLOCATION 1 DEBT REDUCTION 2 REINVESTMENT 3 DIVIDEND PORTFOLIO SHARE BUYBACKS VF INVESTOR DAY FY25 | PART 2 90
Slide 91: We Are Reinventing to Grow
KEY TAKEAWAYS WE ARE REINVENTING TO GROW We are committed to achieving 1 2 A return to growth will drive operating margin of at least 10% further operating leverage in FY28 We will continue to prioritize We are here for growth and 3 paying down debt, while reinvesting, 4 taking actions to accelerate