爆走黑料

Quarterly report [Sections 13 or 15(d)]

REVENUES

v3.26.1
REVENUES
 3 Months Ended
Jun. 27, 2026
Revenue from Contract with Customer [Abstract] 听
REVENUES REVENUES
Contract Balances
The following table provides information about contract assets and contract liabilities:
(In thousands) June 2026 March 2026 June 2025
Contract assets (a)
$ 1,126听 $ 976听 $ 6,365听
Contract liabilities (b)
78,421听 76,923听 76,164听
(a)Included in the other current assets line item in the Consolidated Balance Sheets.
(b)Included in the accrued liabilities line item in the Consolidated Balance Sheets.

For the three months ended June 2026, the 爆走黑料 recognized $47.3 million of revenue that was included in the contract liability balance during the period, including amounts recorded as a contract liability and subsequently recognized as revenue as performance obligations were satisfied within the same period, such as order deposits from customers. The change in the contract asset and contract liability balances primarily results from timing differences between the 爆走黑料鈥檚 satisfaction of performance obligations and the customer鈥檚 payment.
Performance Obligations
As of June 2026, the 爆走黑料 expects to recognize $8.5 million of fixed consideration related to the future minimum guarantees in effect under its licensing agreements and expects such
amounts to be recognized over time based on the contractual terms through December 2028. The variable consideration related to licensing arrangements is not disclosed as a remaining performance obligation as it qualifies for the sales-based royalty exemption. VF has also elected the practical expedient to not disclose the transaction price allocated to remaining performance obligations for contracts with an original expected duration of one year or less.
As of June 2026, there were no arrangements with transaction price allocated to remaining performance obligations other than contracts for which the 爆走黑料 has applied the practical expedients and the fixed consideration related to future minimum guarantees discussed above.
Disaggregation of Revenues
The following tables disaggregate our revenues by channel and geography, which provides a meaningful depiction of how the nature, timing and uncertainty of revenues are affected by economic factors.
Three Months Ended June 2026
(In thousands) Outdoor Active
All Other (a)
Total
Channel revenues
Wholesale $ 471,604听 $ 359,357听 $ 93,791听 $ 924,752听
Direct-to-consumer 382,176听 304,909听 51,306听 738,391听
Royalty 3,199听 3,037听 鈥斕 6,236听
Total $ 856,979听 $ 667,303听 $ 145,097听 $ 1,669,379听
Geographic revenues
Americas $ 408,128听 $ 400,081听 $ 87,292听 $ 895,501听
Europe 274,997听 189,700听 46,449听 511,146听
Asia-Pacific 173,854听 77,522听 11,356听 262,732听
Total $ 856,979听 $ 667,303听 $ 145,097听 $ 1,669,379听
Three Months Ended June 2025
(In thousands) Outdoor Active
All Other (a)
Total
Channel revenues
Wholesale $ 456,831听 $ 392,423听 $ 175,252听 $ 1,024,506听
Direct-to-consumer 352,210听 301,029听 67,424听 720,663听
Royalty 3,425听 6,235听 5,837听 15,497听
Total $ 812,466听 $ 699,687听 $ 248,513听 $ 1,760,666听
Geographic revenues
Americas $ 372,847听 $ 404,035听 $ 160,716听 $ 937,598听
Europe 272,844听 213,507听 64,912听 551,263听
Asia-Pacific 166,775听 82,145听 22,885听 271,805听
Total $ 812,466听 $ 699,687听 $ 248,513听 $ 1,760,666听
(a)鈥淎ll Other鈥 is included for purposes of reconciliation of revenues, but it is not considered a reportable segment. 鈥淎ll Other鈥 includes the following brands: Dickies庐 (through the date of sale), Altra庐, Smartwool庐, Napapijri庐 and Icebreaker庐.