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Q1 Fiscal 2021 Earnings Presentation JULY 31, 2020
Earnings Presentation
JULY 31, 20202Safe Harbor Statement
Q1 FISCAL 2021Certain statements included in this presentation are "forward- looking statements" within the meaning of the federal securities l aws. Forward- looking
statements are made based on our expectations and beliefs concerning future events impacting VF and therefore involve several risks and
uncertainties. You can identify these statements by the fact that they use words such as “will,” “anticipate,” “estimate,” “expect,” “should,” and “may”
and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean
that a statement is not forward- looking. All statements regarding VF’s plans, objectives, projections and expectations relating to VF’s operations or
financial performance, and assumptions related thereto are forward- looking statements. We caution that forward- looking statement s are not
guarantees and that actual results could differ materially from those expressed or implied in the forward- looking statements. VF undertakes no
obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, except as
required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of V F to differ materially
from those expressed or implied by forward- looking statements include, but are not limited to: risks arising from the widespread outbreak of an
illness or any other communicable disease, or any other public health crisis, including the coronavirus (COVID -19) global pandem ic; the level of
consumer demand for apparel, footwear and accessories; disruption to VF’s distribution system; the financial strength of VF’s customers;
fluctuations in the price, availability and quality of raw materials and contracted products; disruption and volatility in the global capital and credit
markets; VF’s response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; intense
competition from online retailers; manufacturing and product innovation; increasing pressure on margins; VF’s ability to impl ement its business
strategy; VF’s ability to grow its international and direct -to-consumer businesses; retail industry changes and challenges; VF’s and its vendors’
ability to maintain the strength and security of information technology systems; the risk that VF’s facilities and systems and t hose of our third- party
service providers may be vulnerable to and unable to anticipate or detect data security breaches and data or financial loss; VF’ s ability to properly
collect, use, manage and secure consumer and employee data; foreign currency fluctuations; stability of VF’s manufacturing facilities and foreign suppliers; continued use by VF’s suppliers of ethical business practices; VF’s ability to accurately forecast demand for product s; continuity of
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