Let's not mince words here: VF Corporation (NYSE: VFC) has had a terrible 2022. The parent company of well-known footwear and apparel brands like Vans, the North Face, Timberland, Dickies, and others has performed poorly and trimmed guidance multiple times.

Revenue declined, inventory built up, and management said that it had to be more promotional due to deteriorating demand, which has led to lower margins.

Making matters worse, the company's CEO stepped down in December. The company characterized the move as a retirement, but many investors are reading between the lines and believe he was forced out due to the stock's poor performance.  

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Source Fool.com