V.F. Corporation Q2 2027 Earnings Recap

V.F. delivered quarterly results above its own guidance and reaffirmed its full-year outlook; the stock rose 1.2%, a roughly flat reaction. Revenue growth remained modest at 1%, with Vans down 9% in the first half.

Key Takeaways

• Q2 revenue grew 1%, versus guidance for flat revenue. Operating income was $364 million, about $50 million above the company’s $315 million guidance.
• Gross margin expanded nearly 300 basis points year over year to 55.4%; EPS was $0.70, up more than 40%.
• Management reaffirmed FY2027 guidance and medium-term targets. It expects approximately 8% operating margin this year and 10% or more in FY2029.
• The North Face, Timberland, and Altra continued to grow. Vans was broadly in line with expectations but down 9% in the first half.
• The share of revenue from businesses that are growing reached 75%, up from 43% in fiscal 2024, including Dickies.