V.F. Corporation

V.F. Corporation Earnings Recaps

VFC Consumer Discretionary 2 recaps
Q4 2026 May 21, 2026

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.

Key takeaways
  • 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.
Full recap
Q3 2026 Jan 28, 2026

V.F. Corporation reported a strong Q3 for Fiscal 2026, with total revenue rising 2% and robust growth across key brands, notably in DTC channels and the Americas.

Key takeaways
  • Total revenue of $3.15 billion with adjusted growth of 5% excluding Vans and Dickies.
  • DTC sales increased by 3%, driven by strong digital performance, with The North Face seeing a 5% revenue rise.
  • Operating income exceeded expectations at $341 million, while net debt decreased nearly 20%, down $600 million year-over-year.
Full recap