| Schedule of Financial Information for Reportable Segments |
Financial information for VF’s segments is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 2026 |
|
| (In thousands) |
Outdoor |
|
Active |
|
Total |
|
| Reportable segment revenues |
$ |
856,979 |
|
|
$ |
667,303 |
|
|
$ |
1,524,282 |
|
|
“All Other” revenues |
|
|
|
|
145,097 |
|
|
| Total revenues |
|
|
|
|
1,669,379
|
|
|
| Less: |
|
|
|
|
|
|
| Cost of goods sold |
405,872 |
|
|
278,616 |
|
|
|
|
| Marketing expenses |
83,980 |
|
|
56,090 |
|
|
|
|
| Other SG&A expenses |
409,309 |
|
|
285,264 |
|
|
|
|
Other segment items (a)
|
564 |
|
|
76 |
|
|
|
|
| Segment profit (loss) |
(41,618) |
|
|
47,409
|
|
|
5,791
|
|
|
|
|
|
|
|
|
|
| Corporate and other expenses |
|
|
|
|
(72,628) |
|
|
| Interest expense, net |
|
|
|
|
(24,611) |
|
|
“All Other” loss |
|
|
|
|
(15,444) |
|
|
| Loss before income taxes |
|
|
|
|
$ |
(106,892) |
|
|
(a)For each reportable segment, 'Other segment items' include certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 2025 |
| (In thousands) |
Outdoor |
|
Active |
|
Total |
| Reportable segment revenues |
$ |
812,466 |
|
|
$ |
699,687 |
|
|
$ |
1,512,153 |
|
“All Other” revenues |
|
|
|
|
248,513 |
|
| Total revenues |
|
|
|
|
1,760,666
|
|
| Less: |
|
|
|
|
|
| Cost of goods sold |
386,077 |
|
|
298,769 |
|
|
|
| Marketing expenses |
71,591 |
|
|
53,117 |
|
|
|
| Other SG&A expenses |
398,553 |
|
|
291,280 |
|
|
|
Other segment items (a)
|
1,485 |
|
|
317 |
|
|
|
| Segment profit (loss) |
(42,270) |
|
|
56,838
|
|
|
14,568
|
|
|
|
|
|
|
|
| Corporate and other expenses |
|
|
|
|
(104,560) |
|
| Interest expense, net |
|
|
|
|
(41,120) |
|
“All Other” profit |
|
|
|
|
4,519 |
|
| Loss before income taxes |
|
|
|
|
$ |
(126,593) |
|
(a)For each reportable segment, 'Other segment items' include certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
|
| Schedule of Reconciliation of Assets from Segment to Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
June 2026 |
|
|
March 2026 |
|
June 2025 |
| Segment assets: |
|
|
|
|
|
|
|
| Outdoor |
|
$ |
1,874,318 |
|
|
|
$ |
1,634,714 |
|
|
$ |
1,791,623 |
|
| Active |
|
877,531 |
|
|
|
800,316 |
|
|
983,790 |
|
| All Other |
|
318,555 |
|
|
|
306,730 |
|
|
522,127 |
|
| Corporate and other |
|
44,345 |
|
|
|
57,471 |
|
|
10,161 |
|
| Total segment assets |
|
3,114,749 |
|
|
|
2,799,231 |
|
|
3,307,701 |
|
| Cash and cash equivalents |
|
670,063 |
|
|
|
823,943 |
|
|
642,386 |
|
|
|
|
|
|
|
|
|
| Property, plant and equipment, net |
|
674,539 |
|
|
|
674,508 |
|
|
720,785 |
|
| Goodwill and intangible assets, net |
|
2,049,485 |
|
|
|
2,055,247 |
|
|
2,344,578 |
|
| Operating lease right-of-use assets |
|
1,307,325 |
|
|
|
1,320,733 |
|
|
1,319,142 |
|
| Other assets |
|
1,648,221 |
|
|
|
1,616,515 |
|
|
1,815,905 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated assets |
|
$ |
9,464,382
|
|
|
|
$ |
9,290,177
|
|
|
$ |
10,150,497
|
|
|