Shares of V.F. Corporation declined 3.2% following earnings as investors reacted negatively to a cautious outlook and signs of deceleration within key segments despite some margin gains and balance sheet improvements.

• Revenue grew 3% in Q4, with Americas accelerating to 10% growth and Vans returning to growth after nearly four years.
• Operating margins expanded to 7% for fiscal year 2026, up 220 basis points from 4.8% in fiscal 2024 (including Dickies).
• The North Face delivered 7% growth overall and 16% in the Americas, marking five consecutive quarters of double-digit growth in footwear.
• Timberland grew 2% with 8% DTC growth offset by slight wholesale declines due to lower distressed sales; efforts are ongoing to reset apparel and expand women's business.
• Altra posted exceptional results with 45% revenue growth in Q4 and over 30% growth for the year, driven by successful product launches and broad-based channel momentum.