VF Corporation (VFC) News

VF Corporation Delivered First Quarter Fiscal 2027 Ahead of Guidance

Wed, 29 Jul 2026 06:00:00 -0400

Raises full year revenue outlook to +2% or better C$ vs. LY

Appoints Abhishek Dalmia as Chief Financial Officer and Chief Operating Officer

DENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC) today reported financial results for its first quarter (Q1'27) ended June 27, 2026 ahead of guidance and raises full year revenue outlook. The ��ߺ��'s Board of Directors authorized a quarterly per share dividend of $0.09. These financial results are also reflected in a presentation available on the Investor Relations website at ir.vfc.com.

Bracken Darrell, President and CEO, said: "We had a solid start to the year, beating our revenue and operating income guidance. The North Face^®, Timberland^® and Altra^® delivered another quarter of growth; and Vans^® Americas DTC continued to grow but was more than offset by declines in global Wholesale. We expect Vans^® Wholesale to improve significantly in the second half of the year. Given our overall Q1 performance and better visibility into the balance of the year, we are raising our FY'27 revenue guidance."

Darrell continued, “Regarding our CFO transition announced today, I would like to thank Paul for his partnership, leadership and contributions to VF. Looking ahead, I’m excited for Abhishek to step into his newly expanded role of Chief Financial Officer and Chief Operating Officer. He is a proven leader with deep knowledge of our business and our industry, and I am confident he is well positioned to drive strong execution against our key financial and operational priorities.”

Disclosed Q1'27 figures are shown on both reported and adjusted excluding Dickies^® (“e�� Dickies^®”) bases

VF Q1’27 results ahead of guidance

Revenue (5%) vs. LY
- Revenue ex Dickies^® +1% vs. LY or flat C$, ahead of guidance of down low-single digits C$ vs. LY
- Continued positive performance in global DTC, +2% vs. LY or +5% C$ ex Dickies^®
- Americas region (4%) vs. LY; ex Dickies^® +4% C$ with growth across both channels
- The North Face^® +6% vs. LY or +4% C$, led by the Americas region and DTC channel
- Vans^® (8%) vs. LY or (9%) C$, with continued growth in Americas DTC, more than offset by Wholesale declines
- Timberland^® +4% vs. LY or +3% C$, driven by the Americas
Operating income (loss) of ($83M) and operating margin (OM) of (5.0%), down 10 bps vs. LY
- Adjusted operating income (loss) ex Dickies^® of ($95M), slightly ahead of guidance of ($100M); adjusted OM ex Dickies^® of (5.7%), down 210 bps vs. LY
- Gross margin (GM) of 54.9%, up 100 bps vs. LY; adjusted GM ex Dickies^® of 54.9%, up 10 bps vs. LY
Net debt down $1.1B or (20%) vs. LY
- Net debt excluding lease liabilities down $1.1B or (27%) vs. LY

Raising FY'27 revenue guidance

Revenue +2% or better C$ vs. LY¹, and vs. prior guidance of +1% to +2% C$
Adjusted OM of approximately 8%
Free cash flow flat to up vs. LY² of $405M
FYE'27 leverage ratio of 2.6x to 2.9x

¹Revenue performance excludes Dickies^® in FY'26 and includes 53rd week in FY'27

²Excludes $100M net impact of pension termination in FY'26 and any net impact from tariff refunds in FY'27

Webcast Information

VF management will host its first quarter Fiscal 2027 conference call beginning at approximately 8:00 a.m. ET today. The conference call will be broadcast live via the Internet, accessible at ir.vfc.com. For those unable to listen to the live broadcast, an archived version will be available at the same location.

Dividend Declared

VF’s Board of Directors declared a quarterly dividend of $0.09 per share. This dividend will be payable on September 17, 2026, to shareholders of record at the close of business on September 10, 2026.

About VF

VF Corporation is a portfolio of leading outdoor and active brands, including The North Face^®, Vans^®, and Timberland^®. VF is committed to providing consumers with innovative products that are rooted in performance and elevated design, while delivering sustainable and long-term value for its employees, communities, and shareholders. For more information, please visit vfc.com.

Financial Presentation Disclosure

All per share amounts are presented on a diluted basis. This release refers to “reported” (R$) and “constant dollar” (C$) or “constant currency” amounts, terms that are described under the heading below “Constant Currency - Excluding the Impact of Foreign Currency.” Unless otherwise noted, “reported” and “constant dollar” or “constant currency” amounts are the same, and amounts will be as “reported” unless otherwise specified. This release also refers to results “excluding Dickies^®” and “Adjusted excluding Dickies”, which are described under the heading “Dickies Divestiture”. This release also refers to “adjusted” amounts, a term that is described under the heading “Adjusted Amounts - Excluding Reinvent”. Unless otherwise noted, “reported” and “adjusted” amounts are the same. VF operates and reports using a 52/53 week fiscal year ending on the Saturday closest to March 31 of each year. Fiscal 2027 contains 53 weeks, with an additional week occurring in the fourth quarter. This release refers to VF's first quarter of Fiscal 2027 as Q1'27, and similarly Q1'26 denotes VF's first quarter of Fiscal 2026, etc. VF defines “free cash flow” as cash flow from operations less capital expenditures and software purchases, defines “net debt” as long-term debt, the current portion of long-term debt, short-term borrowings, and operating lease liabilities, less cash and cash equivalents per VF's consolidated balance sheet and defines “leverage” as net debt to adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”), which excludes operating lease cost.

Dickies Divestiture

On September 15, 2025, VF entered into a definitive agreement with Bluestar Alliance LLC to sell the Dickies^® brand business (“Dickies”) and on November 12, 2025, VF completed the sale of Dickies. The Dickies sale did not qualify for discontinued operations presentation under U.S. generally accepted accounting principles (“GAAP”) and "reported" amounts include Dickies results in continuing operations through the date of sale. References to results “excluding Dickies^®” and “Adjusted excluding Dickies” exclude the results of Dickies in the prior year period. VF believes this non-GAAP presentation provides investors with useful information regarding VF’s current business trends and performance of VF’s operations, post the closing of the sale of Dickies.

Constant Currency - Excluding the Impact of Foreign Currency

This release refers to “reported” amounts in accordance with GAAP, which include translation and transactional impacts from foreign currency exchange rates. This release also refers to both “constant dollar” and “constant currency” amounts, which exclude the impact of translating foreign currencies into U.S. dollars. Reconciliations of GAAP measures to constant currency amounts are presented in the supplemental financial information included with this release, which identifies and quantifies all excluded items, and provides management’s view of why this information is useful to investors.

Adjusted Amounts - Excluding Reinvent

The adjusted amounts in this release exclude costs (benefits) related to Reinvent, VF's transformation program. Costs (benefits), including restructuring charges and project-related costs, were approximately ($11) million in the first quarter of Fiscal 2027.

The above items positively impacted GAAP earnings per share by $0.02 during the first quarter of Fiscal 2027. All adjusted amounts referenced herein exclude the effects of these amounts.

Reconciliations of measures calculated in accordance with GAAP to adjusted amounts are presented in the supplemental financial information included with this release, which identifies and quantifies all excluded items, and provides management’s view of why this information is useful to investors. The company does not provide a reconciliation of forward-looking measures where the company believes such a reconciliation would imply a degree of precision and certainty that could be confusing to investors and is unable to reasonably predict certain items contained in the GAAP measures without unreasonable efforts. This is due to the inherent difficulty of forecasting the timing or amount of various items that have not yet occurred and are out of the company's control or cannot be reasonably predicted. For the same reasons, the company is unable to address the probable significance of the unavailable information.

Forward-looking Statements

Certain statements included in this release are “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on VF’s expectations and beliefs concerning future events impacting VF and therefore involve several risks and uncertainties. Words such as “will,” “anticipate,” “believe,” “estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates may be used to identify forward-looking statements, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding VF’s plans, objectives, projections and expectations relating to VF’s operations or financial performance, and assumptions related thereto, are forward-looking statements. Forward-looking statements are not guarantees, and actual results could differ materially from those expressed or implied in the forward-looking statements. VF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of VF to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the level of consumer demand for apparel, footwear, equipment and accessories; disruption to VF’s distribution system; changes in global economic conditions and the financial strength of VF’s consumers and customers, including as a result of current inflationary pressures; fluctuations in the price, availability and quality of raw materials and finished products, including as a result of tariffs and geopolitical conflicts; disruption and volatility in the global capital and credit markets; VF’s response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; VF’s ability to maintain the image and value of its brands, including through investment in brand building and product innovation; intense competition from online retailers and other direct-to-consumer business risks; increasing pressure on margins; fluctuations in sales and operating income due to the seasonal nature of its business; retail industry changes and challenges; VF's ability to execute its turnaround program, “The VF Way” operating principles and other business priorities, including measures to grow revenue and expand margins, streamline and right-size its cost base and strengthen the balance sheet while reducing leverage; VF’s ability to successfully establish a global commercial organization, and identify and capture efficiencies in its business model; any inability of VF or third parties on which it relies, to maintain the strength and security of information technology systems; the fact that VF’s facilities and systems, and those of third parties on which it relies, are frequent targets of cyberattacks of varying levels of severity, and may in the future be vulnerable to such attacks, and any inability or failure by VF or such third parties to anticipate or detect data or information security breaches or other cyberattacks, could result in data or financial loss, reputational harm, business disruption, damage to VF’s relationships with customers, consumers, employees and third parties on which it relies; litigation, regulatory investigations, enforcement actions or other negative impacts; any inability by VF or third parties on which it relies to properly collect, use, manage and secure business, consumer and employee data and comply with privacy and security regulations; VF’s ability to adopt new technologies, including artificial intelligence, in a competitive and responsible manner; foreign currency fluctuations; stability of VF’s vendors' manufacturing facilities and VF's ability to establish and maintain effective supply chain capabilities; continued use by VF’s suppliers of ethical business practices; VF’s ability to accurately forecast demand for products; actions of activist and other shareholders; VF’s ability to recruit, develop or retain key executive or employee talent or successfully transition executives; changes in the availability and cost of labor; VF’s ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; maintenance by VF’s licensees and distributors of the value of VF’s brands; VF’s ability to execute acquisitions and dispositions, integrate acquisitions and manage its brand portfolio; VF’s ability to execute, and realize benefits, successfully, or at all, from the completed sale of the Dickies^® brand; business resiliency in response to natural or man-made economic, public health, cyber, political or environmental disruptions, including any potential effects from changes in tariffs and international trade policy, or a U.S. federal government shutdown; changes in tax laws and additional tax liabilities; legal, regulatory, political, economic, and geopolitical risks, including those related to the current conflicts in Europe, the Middle East and Asia and tensions between the U.S. and China; changes to laws and regulations; adverse or unexpected weather conditions, including any potential effects from climate change; VF’s indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent VF from fulfilling its financial obligations; VF’s ability to pay and declare dividends or repurchase its stock in the future; climate risks and increased focus on environmental, social and governance issues; VF’s ability to execute on its sustainability strategy and achieve its sustainability-related targets; risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis; litigation, regulatory proceedings, or any other claims asserted against VF; and tax risks associated with the spin-off of the Jeanswear business completed in 2019. More information on potential factors that could affect VF’s financial results is included from time to time in VF’s public reports filed or furnished with the U.S. Securities and Exchange Commission (SEC), including VF’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Forms 8-K.

VF CORPORATION Supplemental Financial Information Reconciliation of Select GAAP Measures to Non-GAAP Measures - Three Months Ended June 2026 (Unaudited) (In thousands, except per share amounts)

Three Months Ended June 2026	As Reported under GAAP			Reinvent^(a)			Adjusted
Revenues	$	1,669,379		$	—		$	1,669,379
Gross profit		917,044			—			917,044
*Percent*		54.9	%					54.9	%
Selling, general and administrative expenses		1,000,116			11,476			1,011,592
*Percent*		59.9	%					60.6	%
Operating loss		(83,072	)		(11,476	)		(94,548	)
*Percent*		(5.0	%)					(5.7	%)
Diluted loss per share ^(b)		(0.25	)		(0.02	)		(0.27	)

Notes:

^(a) Costs (benefits) related to Reinvent, VF's transformation program, including restructuring charges and project-related costs, were ($11.5) million in the three months ended June 2026. A gain of $17.6 million and an impairment charge of $6.4 million related to the sale of a distribution center and an impairment of a leased distribution center, respectively, are included in the Reinvent amounts for the three months ended June 2026, as the actions leading to the gain and the impairment charge were initiated under Reinvent. Expenses related to the engagement of a consulting firm to support VF's transformation journey are also included in the Reinvent charges. VF entered into a contract with a consulting firm during the second quarter of Fiscal 2025, with services under the contract substantially completed in the third quarter of Fiscal 2026. In addition to payment for services, the contract includes contingent fees tied to increases in VF's stock price through June 2027. Expenses related to the contract, which only related to changes in the fair value of the contingent fees, were ($0.3) million in the three months ended June 2026. Reinvent resulted in a net tax expense of $3.1 million in the three months ended June 2026.

The ��ߺ�� incurred $193.8 million in total restructuring charges in connection with Reinvent. Substantially all restructuring actions were completed at the end of the first quarter of Fiscal 2026. Total fees associated with the contract with the consulting firm could be up to $146.0 million, with $75.0 million of the fees contingent on increases to VF’s stock price through June 2027.

^(b) Amounts shown in the table have been calculated using unrounded numbers. The diluted loss per share impacts were calculated using 392,107,000 weighted average common shares for the three months ended June 2026.

Non-GAAP Financial Information

The financial information above has been presented on a GAAP basis and on an adjusted basis, which excludes the impact of Reinvent. The adjusted presentation provides non-GAAP measures and is not based on any comprehensive set of accounting rules or principles. Management believes these measures provide investors with useful supplemental information regarding VF's underlying business trends and the performance of VF's ongoing operations and are useful for period-over-period comparisons of such operations.

Management uses the above financial measures internally in its budgeting and review process and, in some cases, as a factor in determining compensation. While management believes that these non-GAAP financial measures are useful in evaluating the business, this information should be considered as supplemental in nature and should be viewed in addition to, and not in lieu of or superior to, VF's operating performance measures calculated in accordance with GAAP. In addition, these non-GAAP financial measures may not be the same as similarly titled measures presented by other companies. These measures should be used to evaluate the ��ߺ��'s results of operations only in conjunction with the corresponding GAAP measures.

VF CORPORATION Supplemental Financial Information Reconciliation of Select GAAP Measures to Non-GAAP Measures - Three Months Ended June 2025 (Unaudited) (In thousands, except per share amounts)

Three Months Ended June 2025	As Reported under GAAP			Reinvent ^(a)			Adjusted			Less: Adjusted Contribution from Dickies ^(b)		Adjusted Excluding Dickies
Revenues	$	1,760,666		$	—		$	1,760,666		$	113,502	$	1,647,164
Gross profit		949,002			4,282			953,284			50,437		902,847
*Percent*		53.9	%					54.1	%				54.8	%
Selling, general and administrative expenses		1,035,611			(26,500	)		1,009,111			46,416		962,695
*Percent*		58.8	%					57.3	%				58.4	%
Operating income (loss)		(86,609	)		30,782			(55,827	)		4,022		(59,849	)
*Percent*		(4.9	%)					(3.2	%)				(3.6	%)
Diluted earnings (loss) per share ^(c)		(0.30	)		0.06			(0.24	)		0.01		(0.25	)

Notes:

^(a) Costs related to Reinvent, VF's transformation program, including restructuring charges and project-related costs, were $30.8 million in the three months ended June 2025. These costs related primarily to severance and employee-related benefits and expenses related to the engagement of a consulting firm to support VF's transformation journey. VF entered into a contract with a consulting firm during the second quarter of Fiscal 2025, with services under the contract substantially completed in the third quarter of Fiscal 2026. In addition to payment for services, the contract includes contingent fees tied to increases in VF's stock price through June 2027. Expenses related to the contract, including contingent fees, were $8.0 million in the three months ended June 2025. Reinvent resulted in a net tax benefit of $6.8 million in the three months ended June 2025.

^(b) The “Adjusted Contribution from Dickies” column represents the operating results of Dickies for the three months ended June 2025 on an adjusted basis. Accordingly, this column excludes Reinvent charges of $0.8 million in the three months ended June 2025. The adjusted contribution from Dickies resulted in a net tax expense of $1.3 million for the three months ended June 2025.

^(c) Amounts shown in the table have been calculated using unrounded numbers. The diluted earnings (loss) per share impacts were calculated using 390,024,000 weighted average common shares for the three months ended June 2025.

Non-GAAP Financial Information

The financial information above has been presented on a GAAP basis, on an adjusted basis, which excludes the impact of Reinvent, and on an adjusted basis excluding Dickies, which also excludes the operating results of Dickies on an adjusted basis. These adjusted presentations provide non-GAAP measures and are not based on any comprehensive set of accounting rules or principles. Management believes these measures provide investors with useful supplemental information regarding VF's underlying business trends and the performance of VF's ongoing operations and are useful for period-over-period comparisons of such operations.

VF CORPORATION Supplemental Financial Information Reportable Segment Information - Constant Currency Basis (Unaudited) (In thousands, except per share amounts)

	Three Months Ended June 2026
	As Reported under GAAP			Adjust for Foreign Currency Exchange			Constant Currency
Revenues:
Outdoor segment	$	856,979		$	(15,230	)	$	841,749
Active segment		667,303			(8,610	)		658,693
All Other		145,097			(1,327	)		143,770
Total revenues	$	1,669,379		$	(25,167	)	$	1,644,212
Segment profit (loss):
Outdoor segment	$	(41,618	)	$	(1,038	)	$	(42,656	)
Active segment		47,409			(534	)		46,875
Total segment profit		5,791			(1,572	)		4,219
Corporate and other expenses		(72,628	)		397			(72,231	)
Interest expense, net		(24,611	)		(320	)		(24,931	)
“All Other” loss		(15,444	)		376			(15,068	)
Loss before income taxes	$	(106,892	)	$	(1,119	)	$	(108,011	)
Diluted net loss per share change		17	%		(1	%)		16	%

Constant Currency Financial Information

VF is a global company that reports financial information in U.S. dollars in accordance with GAAP. Foreign currency exchange rate fluctuations affect the amounts reported by VF from translating its foreign revenues and expenses into U.S. dollars. These rate fluctuations can have a significant effect on reported operating results. As a supplement to our reported operating results, we present constant currency financial information, which is a non-GAAP financial measure that excludes the impact of translating foreign currencies into U.S. dollars. We use constant currency information to provide a framework to assess how our business performed excluding the effects of changes in the rates used to calculate foreign currency translation. Management believes this information is useful to investors to facilitate comparison of operating results and better identify trends in our businesses.

To calculate foreign currency translation on a constant currency basis, operating results for the current year period for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the average exchange rates in effect during the comparable period of the prior year (rather than the actual exchange rates in effect during the current year period).

These constant currency performance measures should be viewed in addition to, and not in lieu of or superior to, our operating performance measures calculated in accordance with GAAP. The constant currency information presented may not be comparable to similarly titled measures reported by other companies.

View source version on businesswire.com:

Investor Contact:
Allegra Perry
ir@vfc.com

Media Contact:
Colin Wheeler
corporate_communications@vfc.com

Source: VF Corporation

VF Corporation Announces First Quarter Fiscal 2027 Earnings and Conference Call Date

Wed, 08 Jul 2026 16:30:00 -0400

DENVER--(BUSINESS WIRE)--

VF Corporation (NYSE: VFC) plans to release its first quarter fiscal 2027 financial results on Wednesday, July 29^th, 2026 at approximately 6:00 a.m. ET. Following the release, VF management will host a conference call at approximately 8:00 a.m. ET to review results.

The conference call will be broadcast live via the Internet, accessible at ir.vfc.com. For those unable to listen to the live broadcast, an archived version will be available at the same location.

About VF

VF Corporation is a portfolio of leading outdoor and active brands, including The North Face^®, Vans^®, and Timberland^®. VF is committed to providing consumers with innovative products that are rooted in performance and elevated design, while delivering sustainable and long-term value for its employees, communities, and shareholders. For more information, please visit .

View source version on businesswire.com:

Investor Contact:
Allegra Perry
ir@vfc.com

Media Contact:
Colin Wheeler
corporate_communications@vfc.com

Source: VF Corporation

VF Corporation Returns to Revenue Growth for the Full Year in FY'26 With Expanded Margins and Reduced Debt

Wed, 20 May 2026 06:00:00 -0400

Delivered another quarter of revenue growth in Q4'26, led by the Americas region

Vans^® Americas Direct-to-Consumer (DTC) returned to growth

Reinstates annual guidance effective FY'27: expects another year of growth and ~8% adjusted operating margin

DENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC) today reported financial results for its fourth quarter (Q4'26) ended March 28, 2026, and the ��ߺ��'s Board of Directors authorized a quarterly per share dividend of $0.09. These financial results are also reflected in a presentation available on the Investor Relations website at ir.vfc.com.

Bracken Darrell, President and CEO, said: “For the first time in three years, we returned to a full year of growth and expect to keep growing in FY'27. We also significantly expanded margins and reduced our leverage ratio by a full turn vs. LY. In the fourth quarter, we delivered our strongest revenue performance since I joined VF. Both The North Face^® and Timberland^® continued to deliver global growth. Vans^® is starting to show momentum with a return to growth in Americas DTC for the first time in over four years. We remain on track to achieve our medium-term targets, an exit run rate of 10% operating margin in FY'28 and a leverage ratio of 2.5x or lower by FY'28. This has been a strong year for VF and I'm excited about the momentum we are building.”

Disclosed Q4’26 and FY'26 figures are shown on both reported and adjusted excluding Dickies^® (“e�� Dickies^®”) bases

Returned to growth for the full year in FY'26 with expanding margins and reduced debt

Revenue +1% vs. LY
- Revenue ex Dickies^® +4% vs. LY or +1% C$
- Recall Dickies^® was sold during Q3'26
FY'26 gross margin (GM) of 54.8%, up 130 bps vs. LY
- Adjusted GM ex Dickies^® of 55.2%, up 110 bps vs. LY
FY'26 operating income (OI) of $577M and operating margin (OM) of 6.0%, up 280 bps vs. LY
- Adjusted OI ex Dickies^® of $650M and adjusted OM ex Dickies^® of 7.0%, up 110 bps vs. LY
FY'26 free cash flow¹ of $405M, up over $90M vs. LY
FYE'26 leverage ratio of 3.1x vs. LY of 4.1x, and vs. FYE'24 of 5.1x

Q4’26 revenue growth driven by momentum in the Americas; Q4’26 OI ahead of guidance

Revenue +1% vs. LY
- Revenue ex Dickies^® +8% vs. LY or +3% C$, ahead of guidance of flat to +2% C$ vs. LY
- Strongest revenue performance in three years (C$, ex Dickies^®)
- Americas region +2% vs. LY; ex Dickies^® +10% C$, the region's highest growth since Q1'23
- The North Face^® +12% vs. LY or +7% C$, with the Americas +17% vs. LY or +16% C$
- Vans^® (1%) vs. LY or (5%) C$, with a return to growth in Americas DTC
- Timberland^® +8% vs. LY or +2% C$
Q4'26 OI of $62M
- Adjusted OI ex Dickies^® of $54M, ahead of guidance of $10M to $30M; normalized² OI within guidance range

Reinstating annual guidance effective FY'27 with continued growth and expanding margins

Revenue +1% to +2% C$ vs. LY³
Adjusted OM of approximately 8%
Free cash flow flat to up vs. LY¹ of $405M

FYE'27 leverage ratio of 2.6x to 2.9x

¹Excludes $100M net impact of pension termination in FY'26
² Normalized for tariff receivable and offsetting charges, including restructuring costs
³Revenue performance excludes Dickies^® in FY'26

Webcast Information

VF management will host its fourth quarter Fiscal 2026 conference call beginning at approximately 8:00 a.m. ET today. The conference call will be broadcast live via the Internet, accessible at ir.vfc.com. For those unable to listen to the live broadcast, an archived version will be available at the same location.

Dividend Declared

VF’s Board of Directors declared a quarterly dividend of $0.09 per share. This dividend will be payable on June 18, 2026, to shareholders of record at the close of business on June 10, 2026.

About VF

VF Corporation is a portfolio of leading outdoor and active brands, including The North Face^®, Vans^®, and Timberland^®. VF is committed to providing consumers with innovative products that are rooted in performance and elevated design, while delivering sustainable and long-term value for its employees, communities, and shareholders. For more information, please visit vfc.com.

Financial Presentation Disclosure

All per share amounts are presented on a diluted basis. This release refers to “reported” (R$) and “constant dollar” (C$) or “constant currency” amounts, terms that are described under the heading below “Constant Currency - Excluding the Impact of Foreign Currency.” Unless otherwise noted, “reported” and “constant dollar” or “constant currency” amounts are the same, and amounts will be as “reported” unless otherwise specified. This release also refers to “continuing” and “discontinued” operations amounts, which are concepts described under the heading “Discontinued Operations - Supreme.” Unless otherwise noted, results presented are based on continuing operations. This release also refers to results “excluding Dickies^®” and “Adjusted excluding Dickies”, which are described under the heading “Dickies Divestiture”. This release also refers to “adjusted” amounts, a term that is described under the heading “Adjusted Amounts - Excluding Reinvent, Transaction and Deal Related Activities, Pension Settlement Charges, Pension Excise Tax and Non-cash Impairment Charge”. Unless otherwise noted, “reported” and “adjusted” amounts are the same. VF operates and reports using a 52/53 week fiscal year ending on the Saturday closest to March 31 of each year. This release refers to VF's fourth quarter of Fiscal 2026 as Q4'26, and similarly Q4'25 denotes VF's fourth quarter of Fiscal 2025, etc. VF defines “free cash flow” as cash flow from continuing operations less capital expenditures and software purchases and defines “net debt” as long-term debt, the current portion of long-term debt, short-term borrowings, and operating lease liabilities, less cash and cash equivalents per VF's consolidated balance sheet and defines “leverage” as net debt to adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”), which excludes operating lease cost. See the supplemental financial information included with this release for a calculation of adjusted EBITDA, including a reconciliation to the nearest U.S generally accepted accounting principles (“GAAP”) financial measure.

Change in Reportable Segments

VF realigned its reportable segments in the first quarter of Fiscal 2026. VF's updated reportable segments are Outdoor and Active. We have included an “All Other” category for the remaining operating segments that do not meet the quantitative threshold to be disclosed as a separate reportable segment. VF's financial results in this release reflect the new segments for all periods presented.

Dickies Divestiture

On September 15, 2025, VF entered into a definitive agreement with Bluestar Alliance LLC to sell the Dickies^® brand business (“Dickies”) and on November 12, 2025, VF completed the sale of Dickies. “Reported” amounts present VF's Fiscal 2026 results in accordance with GAAP and include Dickies results in continuing operations through the date of sale, as the Dickies sale did not qualify for discontinued operations presentation under GAAP. References to results “excluding Dickies^®” and “Adjusted excluding Dickies” exclude the results of Dickies for all periods presented. VF believes this non-GAAP presentation provides investors with useful information regarding VF’s current business trends and performance of VF’s operations, post the closing of the sale of Dickies.

Discontinued Operations - Supreme

On July 16, 2024, VF entered into a definitive Stock and Asset Purchase Agreement with EssilorLuxottica S.A. to sell the Supreme^® brand business (“Supreme”). On October 1, 2024, VF completed the sale of Supreme. Accordingly, the company has reported the related held-for-sale assets and liabilities as assets and liabilities of discontinued operations and included the operating results and cash flows of the business in discontinued operations for all periods presented, through the date of sale.

Constant Currency - Excluding the Impact of Foreign Currency

Adjusted Amounts - Excluding Reinvent, Transaction and Deal Related Activities, Pension Settlement Charges, Pension Excise Tax and Non-cash Impairment Charge

The adjusted amounts in this release exclude costs related to Reinvent, VF's transformation program. Costs, including restructuring charges and project-related costs, were approximately ($8) million in the fourth quarter of Fiscal 2026 and $44 million in Fiscal 2026.

The adjusted amounts in this release exclude transaction and deal related activities associated with the divestiture of Dickies, including expenses and the final pre-tax gain on sale. Total transaction and deal related activities included expenses of approximately $10 million in Fiscal 2026 and a final pre-tax gain on sale of approximately $127 million in Fiscal 2026, which included a reduction to the gain to reflect working capital adjustments of approximately $12 million in the three months ended March 2026.

The adjusted amounts in this release exclude non-cash pension settlement charges of approximately $158 million in the fourth quarter of Fiscal 2026 and $192 million in Fiscal 2026. The pension settlement charges related to the termination of the U.S. qualified plan, which was completed as of the end of Fiscal 2026.

The adjusted amounts in this release exclude pension excise tax of approximately $25 million in the fourth quarter of Fiscal 2026 and in Fiscal 2026, related to the termination of the U.S. qualified plan.

The adjusted amounts in this release exclude a non-cash impairment charge related to the Napapijri reporting unit goodwill of approximately $31 million in Fiscal 2026.

Combined, the above items negatively impacted earnings per share by $0.30 during the fourth quarter of Fiscal 2026 and $0.20 during Fiscal 2026. All adjusted amounts referenced herein exclude the effects of these amounts.

Forward-looking Statements

Certain statements included in this release are “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on VF’s expectations and beliefs concerning future events impacting VF and therefore involve several risks and uncertainties. Words such as “will,” “anticipate,” “believe,” “estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates may be used to identify forward-looking statements, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding VF’s plans, objectives, projections and expectations relating to VF’s operations or financial performance, and assumptions related thereto, are forward-looking statements. Forward-looking statements are not guarantees, and actual results could differ materially from those expressed or implied in the forward-looking statements. VF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of VF to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the level of consumer demand for apparel, footwear, equipment, and accessories; disruption to VF’s distribution system; changes in global economic conditions and the financial strength of VF’s consumers and customers, including as a result of current inflationary pressures; fluctuations in the price, availability and quality of raw materials and finished products, including as a result of tariffs and geopolitical conflicts; disruption and volatility in the global capital and credit markets; VF’s response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; VF’s ability to maintain the image and value of its brands, including through investment in brand building and product innovation; intense competition from online retailers and other direct-to-consumer business risks; increasing pressure on margins; fluctuations in sales and operating income due to the seasonal nature of its business; retail industry changes and challenges; VF's ability to execute its turnaround program, “The VF Way” operating principles, and other business priorities, including measures to grow revenue and expand margins, streamline and right-size its cost base and strengthen the balance sheet while reducing leverage; VF’s ability to successfully establish a global commercial organization, and identify and capture efficiencies in its business model; any inability of VF or third parties on which it relies to maintain the strength and security of information technology systems; the fact that VF’s facilities and systems, and those of third parties on which it relies, are frequent targets of cyberattacks of varying levels of severity, and may in the future be vulnerable to such attacks, and any inability or failure by VF or such third parties to anticipate or detect data or information security breaches or other cyberattacks, could result in data or financial loss, reputational harm, business disruption, damage to VF’s relationships with customers, consumers, employees and third parties on which it relies, litigation, regulatory investigations, enforcement actions or other negative impacts; any inability by VF or third parties on which it relies to properly collect, use, manage and secure business, consumer and employee data and comply with privacy and security regulations; VF’s ability to adopt new technologies, including artificial intelligence, in a competitive and responsible manner; foreign currency fluctuations; stability of VF’s vendors' manufacturing facilities and VF's ability to establish and maintain effective supply chain capabilities; continued use by VF’s suppliers of ethical business practices; VF’s ability to accurately forecast demand for products; actions of activist and other shareholders; VF’s ability to recruit, develop or retain key executive or employee talent or successfully transition executives; changes in the availability and cost of labor; VF’s ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; maintenance by VF’s licensees and distributors of the value of VF’s brands; VF’s ability to execute acquisitions and dispositions, integrate acquisitions and manage its brand portfolio; VF’s ability to execute, and realize benefits, successfully, or at all, from the completed sale of the Dickies^®brand; business resiliency in response to natural or man-made economic, public health, cyber, political or environmental disruptions, including any potential effects from changes in tariffs and international trade policy, or a U.S. federal government shutdown; changes in tax laws and additional tax liabilities; legal, regulatory, political, economic, and geopolitical risks, including those related to the current conflicts in Europe, the Middle East and Asia and tensions between the U.S. and China; changes to laws and regulations; adverse or unexpected weather conditions, including any potential effects from climate change; VF’s indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent VF from fulfilling its financial obligations; VF’s ability to pay and declare dividends or repurchase its stock in the future; climate risks and increased focus on environmental, social and governance issues; VF’s ability to execute on its sustainability strategy and achieve its sustainability-related targets; risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis; litigation, regulatory proceedings, or any other claims asserted against VF; and tax risks associated with the spin-off of the Jeanswear business completed in 2019. More information on potential factors that could affect VF’s financial results is included from time to time in VF’s public reports filed or furnished with the U.S. Securities and Exchange Commission (SEC), including VF’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Forms 8-K.

VF CORPORATION Supplemental Financial Information Reconciliation of Select GAAP Measures to Non-GAAP Measures - Three and Twelve Months Ended March 2026 (Unaudited) (In thousands, except per share amounts)
Three Months Ended March 2026	As Reported under GAAP			Reinvent^(a)			Impairment, Pension Settlement Charges and Pension Excise Tax^(b)		Transaction and Deal Related Activities ^(c)			Adjusted			Less: Adjusted Contribution from Dickies ^(d)		Adjusted Excluding Dickies
Revenues	$	2,166,034		$	—		$	—	$	—		$	2,166,034		$	—	$	2,166,034
Gross profit		1,221,928			—			—		—			1,221,928			—		1,221,928
*Percent*		56.4	%										56.4	%				56.4	%
Selling, general and administrative expenses		1,160,424			7,634			—		—			1,168,058			—		1,168,058
*Percent*		53.6	%										53.9	%				53.9	%
Operating income		61,504			(7,634	)		—		—			53,870			—		53,870
*Percent*		2.8	%										2.5	%				2.5	%
Diluted loss per share from continuing operations ^(e)		(0.30	)		(0.01	)		0.29		0.03			0.00			0.00		0.00

Twelve Months Ended March 2026	As Reported under GAAP			Reinvent^(a)			Impairment, Pension Settlement Charges and Pension Excise Tax^(b)		Transaction and Deal Related Activities ^(c)			Adjusted			Less: Adjusted Contribution from Dickies ^(d)		Adjusted Excluding Dickies
Revenues	$	9,605,207		$	—		$	—	$	—		$	9,605,207		$	309,255	$	9,295,952
Gross profit		5,261,715			4,257			—		—			5,265,972			136,662		5,129,310
*Percent*		54.8	%										54.8	%				55.2	%
Selling, general and administrative expenses		4,654,430			(39,473	)		—		(10,194	)		4,604,763			125,428		4,479,335
*Percent*		48.5	%										47.9	%				48.2	%
Operating income		576,569			43,730			30,716		10,194			661,209			11,235		649,974
*Percent*		6.0	%										6.9	%				7.0	%
Diluted earnings per share from continuing operations ^(e)		0.64			0.08			0.43		(0.32	)		0.84			0.02		0.82

Notes:

^(a) Costs related to Reinvent, VF's transformation program, including restructuring charges and project-related costs, were ($7.6) million and $43.7 million in the three and twelve months ended March 2026, respectively. These costs related primarily to severance and employee-related benefits and expenses related to the engagement of a consulting firm to support VF's transformation journey. VF entered into a contract with a consulting firm during the second quarter of Fiscal 2025, with services under the contract substantially completed in the third quarter of Fiscal 2026. In addition to payment for services, the contract includes contingent fees tied to increases in VF's stock price through June 2027. Expenses related to the contract, including contingent fees, were ($4.1) million and $21.2 million in the three and twelve months ended March 2026, respectively. Reinvent resulted in a net tax expense of $1.8 million and a net tax benefit of $10.0 million in the three and twelve months ended March 2026, respectively.

The ��ߺ�� incurred $205.0 million in total restructuring charges in connection with Reinvent. Substantially all restructuring actions were completed at the end of the first quarter of Fiscal 2026. Total fees associated with the contract with the consulting firm could be up to $146.0 million, with $75.0 million of the fees contingent on increases to VF’s stock price through June 2027.

^(b) VF recognized a non-cash impairment charge related to the Napapijri reporting unit goodwill of $30.7 million during the twelve months ended March 2026.

Non-cash pension settlement charges of $158.1 million and $192.1 million were recorded in the other income (expense), net line item during the three and twelve months ended March 2026, respectively, related to the termination of the U.S. qualified plan, which was completed as of the end of Fiscal 2026.

Pension excise tax of $25.1 million was recorded in the other income (expense), net line item during the three and twelve months ended March 2026, related to the termination of the U.S. qualified plan.

The impairment, pension settlement charges and pension excise tax resulted in a net tax benefit of $68.9 million and $78.3 million in the three and twelve months ended March 2026, respectively.

^(c) Transaction and deal related activities include costs associated with the divestiture of Dickies, which totaled $10.2 million for the twelve months ended March 2026. Additionally, the activities include a working capital adjustment of $11.9 million as a reduction to the pre-tax gain on sale related to the divestiture of Dickies and a $127.2 million final pre-tax gain on sale related to Dickies, which were recorded in the other income (expense), net line item in the Consolidated Statements of Operations in the three and twelve months ended March 2026, respectively. The transaction and deal related activities resulted in a net tax benefit of $1.8 million and $7.7 million in the three and twelve months ended March 2026, respectively.

^(d) The “Adjusted Contribution from Dickies” column represents the operating results of Dickies for the twelve months ended March 2026 on an adjusted basis. This column excludes transaction and deal related costs as described above. The adjusted contribution from Dickies resulted in a net tax expense of $3.3 million for the twelve months ended March 2026.

^(e) Amounts shown in the table have been calculated using unrounded numbers. The diluted earnings (loss) per share impacts were calculated using 391,371,000 and 395,875,000 weighted average common shares for the three and twelve months ended March 2026, respectively.

Non-GAAP Financial Information

The financial information above has been presented on a GAAP basis, on an adjusted basis, which excludes the impact of Reinvent, an impairment charge, pension settlement charges, pension excise tax, and transaction and deal related activities, and on an adjusted basis excluding Dickies, which also excludes the operating results of Dickies on an adjusted basis. These adjusted presentations provides non-GAAP measures and are not based on any comprehensive set of accounting rules or principles. Management believes these measures provide investors with useful supplemental information regarding VF's underlying business trends and the performance of VF's ongoing operations and are useful for period-over-period comparisons of such operations.

VF CORPORATION Supplemental Financial Information Reconciliation of Select GAAP Measures to Non-GAAP Measures - Twelve Months Ended March 2026 (Unaudited) (In thousands, except per share amounts)
	Twelve Months Ended March 2026
Operating income - as reported under GAAP	$	576,569
Adjustments to operating income:
Reinvent ^(a)		43,730
Impairment charge ^(b)		30,716
Transaction and deal related activities ^(c)		10,194
Adjusted operating income		661,209
Other income (expense), net - as reported under GAAP		(86,608	)
Adjustments to other income (expense), net:
Reinvent ^(d)		(531	)
Pension settlement charges and pension excise tax ^(e)		217,156
Transaction and deal related activities ^(f)		(127,211	)
Adjusted other income (expense), net		2,806
Depreciation, amortization and other asset write-downs - as reported		280,529
Adjustments to depreciation, amortization and other asset write-downs:
Reinvent ^(g)		(2,837	)
Transaction and deal related activities ^(h)		(10,079	)
Adjusted depreciation, amortization and other asset write-downs		267,613
Operating lease cost		411,339
Adjusted EBITDA	$	1,342,967

Notes:

^(a)Costs related to Reinvent, VF's transformation program, including restructuring charges and project-related costs, which totaled $43.7 million. These costs related primarily to severance and employee-related benefits and expenses related to the engagement of a consulting firm to support VF's transformation journey.

^(b) Non-cash impairment charge related to the Napapijri reporting unit goodwill of $30.7 million.

^(c) Transaction and deal related activities include costs associated with the divestiture of Dickies, which totaled $10.2 million.

^(d) Curtailment gains of $0.5 million, related to Reinvent, recorded within the other income (expense), net line item related to employee exits from an international plan resulting from restructuring actions.

^(e) Non-cash pension settlement charges of $192.1 million and pension excise tax of $25.1 million were recorded in the other income (expense), net line item related to the termination of the U.S. qualified plan, which was completed as of the end of Fiscal 2026.

^(f) Transaction and deal related activities include the final pre-tax gain related to the divestiture of Dickies of $127.2 million, which was recorded in the other income (expense), net line item.

^(g) Asset impairments and write-downs of $2.8 million related to Reinvent.

^(h) Asset impairments and write-downs of $10.1 million associated with the divestiture of Dickies.

Non-GAAP Financial Information

The financial information above has been presented on a GAAP basis and on an adjusted basis, which excludes the impact of Reinvent, an impairment charge, pension settlement charges, pension excise tax, transaction and deal related activities, depreciation, amortization and other asset write-downs, and operating lease cost. The adjusted presentation and adjusted EBITDA provide non-GAAP measures. Management uses these measures in calculating VF’s net debt leverage ratio, which is a key ratio used by management, investors and rating agencies to assess our ability to meet our debt obligations.

While management believes these non-GAAP financial measures are useful for the above purpose, this information should be considered as supplemental in nature and should be viewed in addition to, and not in lieu of or superior to, VF's operating performance measures calculated in accordance with GAAP. In addition, these non-GAAP financial measures may not be the same as similarly titled measures presented by other companies.

Three Months Ended March 2025	As Reported under GAAP	Reinvent ^(a)	Impairment Charges^(b)	Transaction and Deal Related Activities ^(c)	Adjusted	Less: Adjusted Contribution from Dickies ^(d)	Adjusted Excluding Dickies
Revenues	$ 2,143,771	$ —	$ —	$ —	$ 2,143,771	$ 139,272	$ 2,004,499
Gross profit	1,142,456	1,560	—	—	1,144,016	60,741	1,083,275
*Percent*	53.3%				53.4%		54.0%
Selling, general and administrative expenses	1,177,101	(54,674)	—	—	1,122,427	55,134	1,067,293
*Percent*	54.9%				52.4%		53.2%
Operating income (loss)	(72,887)	56,234	38,242	—	21,589	5,607	15,982
*Percent*	(3.4%)				1.0%		0.8%
Diluted earnings (loss) per share from continuing operations ^(e)	(0.39)	0.16	0.10	0.00	(0.13)	0.01	(0.14)

Twelve Months Ended March 2025	As Reported under GAAP	Reinvent ^(a)	Impairment Charges^(b)	Transaction and Deal Related Activities ^(c)	Adjusted	Less: Adjusted Contribution from Dickies ^(d)	Adjusted Excluding Dickies
Revenues	$ 9,504,691	$ —	$ —	$ —	$ 9,504,691	$ 542,065	$ 8,962,626
Gross profit	5,083,865	1,972	—	—	5,085,837	233,467	4,852,370
*Percent*	53.5%				53.5%		54.1%
Selling, general and administrative expenses	4,690,850	(160,672)	—	(490)	4,529,688	206,738	4,322,950
*Percent*	49.4%				47.7%		48.2%
Operating income	303,773	162,644	89,242	490	556,149	26,730	529,419
*Percent*	3.2%				5.9%		5.9%
Diluted earnings per share from continuing operations ^(e)	0.18	0.36	0.20	0.00	0.74	0.06	0.67

Notes:

^(a) Costs related to Reinvent, VF's transformation program, including restructuring charges and project-related costs, were $56.2 million and $162.6 million in the three and twelve months ended March 2025, respectively. These costs related primarily to severance and employee-related benefits and expenses related to the engagement of a consulting firm to support VF's transformation journey. VF entered into a contract with a consulting firm during the second quarter of Fiscal 2025, with services under the contract substantially completed in the third quarter of Fiscal 2026. In addition to payment for services, the contract includes contingent fees tied to increases in VF's stock price through June 2027. Expenses related to the contract, including contingent fees, were $16.4 million and $76.4 million in the three and twelve months ended March 2025, respectively. Reinvent resulted in a net tax expense of $5.5 million and a net tax benefit of $21.2 million in the three and twelve months ended March 2025, respectively.

^(b) VF recognized a non-cash goodwill impairment charge related to the Icebreaker reporting unit of $38.2 million during the three months ended March 2025. During the twelve months ended March 2025, VF recognized non-cash impairment charges related to the Dickies indefinite-lived trademark intangible asset and Icebreaker reporting unit goodwill of $51.0 million and $38.2 million, respectively. The impairment charges resulted in a net tax benefit of $10.5 million in the twelve months ended March 2025. Because Dickies is not considered a discontinued operation, the impairment is considered an adjustment to derive the Adjusted non-GAAP measure.

^(c) Transaction and deal related activities reflect activities associated with the review of strategic alternatives for the Global Packs business, consisting of the Kipling^®, Eastpak^® and JanSport^® brands, which totaled $0.5 million for the twelve months ended March 2025. The transaction and deal related activities resulted in a net tax benefit of $0.1 million in the twelve months ended March 2025.

^(d) The “Adjusted Contribution from Dickies” column represents the operating results of Dickies for the three and twelve months ended March 2025 on an adjusted basis. This column excludes a non-cash impairment charge as described above. The adjusted contribution from Dickies resulted in a net tax expense of $1.5 million and $5.6 million for the three and twelve months ended March 2025, respectively.

^(e) Amounts shown in the table have been calculated using unrounded numbers. The diluted earnings (loss) per share impacts were calculated using 389,605,000 and 392,571,000 weighted average common shares for the three and twelve months ended March 2025, respectively.

Non-GAAP Financial Information

The financial information above has been presented on a GAAP basis, on an adjusted basis, which excludes the impact of Reinvent, impairment charges and transaction and deal related activities, and on an adjusted basis excluding Dickies, which also excludes the operating results of Dickies on an adjusted basis. These adjusted presentations provides non-GAAP measures and are not based on any comprehensive set of accounting rules or principles. Management believes these measures provide investors with useful supplemental information regarding VF's underlying business trends and the performance of VF's ongoing operations and are useful for period-over-period comparisons of such operations.

VF CORPORATION Supplemental Financial Information Reportable Segment Information - Constant Currency Basis (Unaudited) (In thousands, except per share amounts)
	Three Months Ended March 2026
	As Reported under GAAP			Adjust for Foreign
	As Reported under GAAP			Currency Exchange			Constant Currency
Revenues:
Outdoor segment	$	1,339,839		$	(66,250	)	$	1,273,589
Active segment		588,695			(25,342	)		563,353
All Other		237,500			(12,059	)		225,441
Total revenues	$	2,166,034		$	(103,651	)	$	2,062,383
Segment profit (loss):
Outdoor segment	$	175,004		$	(11,158	)	$	163,846
Active segment		(14,921	)		(2,096	)		(17,017	)
Total segment profit		160,083			(13,254	)		146,829
Corporate and other expenses ^(a)		(321,613	)		1,077			(320,536	)
Interest expense, net		(26,803	)		(825	)		(27,628	)
“All Other” profit		25,004			(1,232	)		23,772
Loss from continuing operations before income taxes	$	(163,329	)	$	(14,234	)	$	(177,563	)
Diluted net loss per share change from continuing operations		21	%		(8	%)		13	%

^(a) A reduction to the gain on the sale of Dickies to reflect final working capital adjustments of $11.9 million was recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the three months ended March 2026. In addition, pension settlement charges of $158.1 million and excise taxes of $25.1 million related to the termination of the U.S. qualified plan were recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the three months ended March 2026.

Constant Currency Financial Information

VF CORPORATION Supplemental Financial Information Reportable Segment Information - Constant Currency Basis (Unaudited) (In thousands, except per share amounts)
	Twelve Months Ended March 2026
	As Reported under GAAP			Adjust for Foreign Currency Exchange
	As Reported under GAAP			Adjust for Foreign Currency Exchange			Constant Currency
Revenues:
Outdoor segment	$	5,741,792		$	(169,273	)	$	5,572,519
Active segment		2,720,967			(66,627	)		2,654,340
All Other		1,142,448			(30,554	)		1,111,894
Total revenues	$	9,605,207		$	(266,454	)	$	9,338,753
Segment profit:
Outdoor segment	$	841,200		$	(29,973	)	$	811,227
Active segment		103,043			(8,354	)		94,689
Total segment profit		944,243			(38,327	)		905,916
Impairment of goodwill		(30,716	)		—			(30,716	)
Corporate and other expenses ^(a)		(511,815	)		2,094			(509,721	)
Interest expense, net		(148,743	)		(2,298	)		(151,041	)
“All Other” profit		88,249			(3,335	)		84,914
Income from continuing operations before income taxes	$	341,218		$	(41,866	)	$	299,352
Diluted earnings per share change from continuing operations		265	%		(52	%)		213	%

^(a) A final pre-tax gain on the sale of Dickies of $127.2 million was recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the twelve months ended March 2026. In addition, pension settlement charges of $192.1 million and excise taxes of $25.1 million related to the termination of the U.S. qualified plan were recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the twelve months ended March 2026.

Constant Currency Financial Information

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Investor Contact:
Allegra Perry
ir@vfc.com

Media Contact:
Colin Wheeler
corporate_communications@vfc.com

Source: VF Corporation

VF Corporation Announces Fourth Quarter Fiscal 2026 Earnings and Conference Call Date

Wed, 29 Apr 2026 16:30:00 -0400

DENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC) plans to release its fourth quarter fiscal 2026 financial results on Wednesday, May 20^th, 2026 at approximately 6:00 a.m. ET. Following the release, VF management will host a conference call at approximately 8:00 a.m. ET to review results.

The conference call will be broadcast live via the Internet, accessible at ir.vfc.com. For those unable to listen to the live broadcast, an archived version will be available at the same location.

About VF

VF Corporation is a portfolio of leading outdoor, active and workwear brands, including The North Face^®, Vans^®, and Timberland^®. VF is committed to providing consumers with innovative products that are rooted in performance and elevated design, while delivering sustainable and long-term value for its employees, communities, and shareholders. For more information, please visit .

View source version on businesswire.com:

Investor Contact:
Allegra Perry
ir@vfc.com

Media Contact:
Colin Wheeler
corporate_communications@vfc.com

Source: VF Corporation

VF Corporation Announces Participation at Citi’s 2026 Global Consumer & Retail Conference

Tue, 03 Mar 2026 16:30:00 -0500

DENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC) announced today that VF management will participate in a fireside chat at Citi’s 2026 Global Consumer & Retail Conference, being held Tuesday, March 10, 2026 at 9:30 a.m. ET.

The event will be broadcast live via the Internet, accessible at ir.vfc.com. For those unable to listen to the live broadcast, an archived version and transcript will be available at the same location following the event.

About VF

VF Corporation is a portfolio of leading outdoor and active brands, including The North Face^®, Vans^® and Timberland^®. VF is committed to providing consumers with innovative products that are rooted in performance and elevated design, while delivering sustainable and long-term value for its employees, communities, and shareholders. For more information, please visit .

View source version on businesswire.com:

Investor Contact:
Allegra Perry
ir@vfc.com

Media Contact:
Colin Wheeler
corporate_communications@vfc.com

Source: VF Corporation

VF Corporation Progressed on Transformation in Its Third Quarter Fiscal 2026 Delivering Revenue Growth, Margin Expansion and Debt Reduction

Wed, 28 Jan 2026 06:00:00 -0500

DENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC) today reported financial results for its third quarter (Q3'26) ended December 27, 2025, and the ��ߺ��'s Board of Directors authorized a quarterly per share dividend of $0.09. These financial results are also reflected in a presentation available on the Investor Relations website at ir.vfc.com.

Bracken Darrell, President and CEO, said: "In Q3, we delivered growth during our peak holiday quarter and beat revenue and operating income guidance. The North Face^® and Timberland^® each grew 8% and 5% on a constant dollar basis, while Vans^® results were as we expected. The Americas region had its strongest performance in over three years, while global DTC inflected to growth. We remain on track to deliver our medium-term financial targets and are excited about the future of the business."

Strong execution during holidays, led by the Americas region and DTC channel

Completed sale of Dickies^® during the quarter; disclosed Q3’26 figures are shown on both reported and adjusted excluding Dickies^® ("ex Dickies^®") bases
The North Face^®, +8% vs. LY or +5% C$, delivered growth during the brand's peak season
Product newness and digital performance drove holiday period at Vans^®, (8%) vs. LY or (10%) C$
Timberland^®, +8% vs. LY or +5% C$, delivered fifth consecutive quarter of growth
Americas region, +2% vs. LY; ex Dickies^® +6% C$ with DTC and Wholesale channels up vs. LY
Global DTC performance inflected to positive, +4% vs. LY or +3% C$ ex Dickies^®, driven by Digital

Q3'26 Financial Review

	Reported	Adjusted ex Dickies^®
Revenue % vs. LY	+1%	+4%
Revenue % vs. LY (C$)	(1%)	+2%
Gross margin	56.6%	57.0%
	+30bps vs. LY	*+10bps vs. LY*
SG&A % of revenue	45.5%	44.9%
	-100bps vs. LY	*-20bps vs. LY*
Operating income	$289M	$341M
	vs. LY of $226M	*vs. LY of $318M*
Operating margin	10.1%	12.1%
	+210bps vs. LY	*+30bps vs. LY*
Earnings per share	$0.76	$0.58
	vs. LY of $0.43	*vs. LY of $0.61*

Q4'26 and FY'26 Financial Outlook¹

Q4'26:
- Revenue flat to +2% C$ vs. LY
- Adjusted OI of $10M to $30M
FY'26:
- Free cash flow up vs. LY
  - Adjusted OI up vs. LY
  - Operating cash flow up vs. LY
FYE'26 leverage at or below 3.5x, progressing towards medium-term target

¹Q4'26 and FY'26 P&L guidance exclude Dickies^® in current and prior years;

FY'26 free and operating cash flow guidance on a reported basis, including Dickies^® through the date of sale in Q3'26

Webcast Information

VF management will host its third quarter Fiscal 2026 conference call beginning at approximately 8:00 a.m. ET today. The conference call will be broadcast live via the Internet, accessible at ir.vfc.com. For those unable to listen to the live broadcast, an archived version will be available at the same location.

Dividend Declared

VF’s Board of Directors declared a quarterly dividend of $0.09 per share. This dividend will be payable on March 19, 2026, to shareholders of record at the close of business on March 10, 2026.

About VF

Financial Presentation Disclosure

All per share amounts are presented on a diluted basis. This release refers to “reported” (R$) and “constant dollar” (C$) or “constant currency” amounts, terms that are described under the heading below “Constant Currency - Excluding the Impact of Foreign Currency.” Unless otherwise noted, “reported” and “constant dollar” or “constant currency” amounts are the same, and amounts will be as “reported” unless otherwise specified. This release also refers to “continuing” and “discontinued” operations amounts, which are concepts described under the heading “Discontinued Operations - Supreme.” Unless otherwise noted, results presented are based on continuing operations. This release also refers to results “excluding Dickies^®” and “Adjusted excluding Dickies”, which are described under the heading “Dickies Divestiture”. This release also refers to “adjusted” amounts, a term that is described under the heading “Adjusted Amounts - Excluding Reinvent, Transaction and Deal Related Activities, Pension Settlement Charge and Non-cash Impairment Charge”. Unless otherwise noted, “reported” and “adjusted” amounts are the same. VF operates and reports using a 52/53 week fiscal year ending on the Saturday closest to March 31 of each year. This release refers to VF's third quarter of Fiscal 2026 as Q3'26, and similarly Q3'25 denotes VF's third quarter of Fiscal 2025, etc. VF defines “free cash flow” as cash flow from continuing operations less capital expenditures and software purchases and defines “net debt” as long-term debt, the current portion of long-term debt, short-term borrowings, and operating lease liabilities, less cash and cash equivalents per VF's consolidated balance sheet.

Change in Reportable Segments

Dickies Divestiture

On September 15, 2025, VF entered into a definitive agreement with Bluestar Alliance LLC to sell the Dickies^® brand business (“Dickies”) and on November 12, 2025, VF completed the sale of Dickies. “Reported” amounts present VF's third quarter Fiscal 2026 results in accordance with generally accepted accounting principles in the U.S. (“GAAP”) and include Dickies results in continuing operations through the date of sale, as the Dickies sale did not qualify for discontinued operations presentation under GAAP. References to results “excluding Dickies^®” and “Adjusted excluding Dickies” exclude the results of Dickies for all periods presented. VF believes this non-GAAP presentation provides investors with useful information regarding VF’s current business trends and performance of VF’s operations, post the closing of the sale of Dickies.

Discontinued Operations - Supreme

Constant Currency - Excluding the Impact of Foreign Currency

Adjusted Amounts - Excluding Reinvent, Transaction and Deal Related Activities, Pension Settlement Charge and Non-cash Impairment Charge

The adjusted amounts in this release exclude costs related to Reinvent, VF's transformation program. Costs, including restructuring charges and project-related costs, were approximately $5 million in the third quarter of Fiscal 2026 and $51 million in the first nine months of Fiscal 2026.

The adjusted amounts in this release exclude transaction and deal related activities associated with the divestiture of Dickies, including expenses and an estimated pre-tax gain on sale. Total transaction and deal related activities, included expenses of approximately $8 million in the third quarter and $10 million in the first nine months of Fiscal 2026 and an estimated pre-tax gain on sale of approximately $139 million in the third quarter and first nine months of Fiscal 2026.

The adjusted amounts in this release exclude a non-cash pension settlement charge of approximately $34 million in the third quarter and first nine months of Fiscal 2026. The pension settlement charge resulted from lump-sum payments of retirement benefits related to the termination of the U.S. qualified plan, which is expected to be completed by the end of Fiscal 2026.

The adjusted amounts in this release exclude a non-cash impairment charge related to the Napapijri reporting unit goodwill of approximately $31 million in the third quarter and first nine months of Fiscal 2026.

Combined, the above items positively impacted earnings per share by $0.20 during the third quarter of Fiscal 2026 and $0.10 during the first nine months of Fiscal 2026. All adjusted amounts referenced herein exclude the effects of these amounts.

Forward-looking Statements

Certain statements included in this release are “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on VF’s expectations and beliefs concerning future events impacting VF and therefore involve several risks and uncertainties. Words such as “will,” “anticipate,” “believe,” “estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates may be used to identify forward-looking statements, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding VF’s plans, objectives, projections and expectations relating to VF’s operations or financial performance, and assumptions related thereto, are forward-looking statements. Forward-looking statements are not guarantees, and actual results could differ materially from those expressed or implied in the forward-looking statements. VF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of VF to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the level of consumer demand for apparel, footwear and accessories; disruption to VF’s distribution system; changes in global economic conditions and the financial strength of VF’s consumers and customers, including as a result of current inflationary pressures; fluctuations in the price, availability and quality of raw materials and finished products, including as a result of tariffs; disruption and volatility in the global capital and credit markets; VF’s response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; VF’s ability to maintain the image, health and equity of its brands, including through investment in brand building and product innovation; intense competition from online retailers and other direct-to-consumer business risks; increasing pressure on margins; retail industry changes and challenges; VF's ability to execute its Reinvent transformation program, “The VF Way” and other business priorities, including measures to streamline and right-size its cost base and strengthen the balance sheet while reducing leverage; VF’s ability to successfully establish a global commercial organization, and identify and capture efficiencies in its business model; any inability of VF or third parties on which it relies, to maintain the strength and security of information technology systems; the fact that VF’s facilities and systems, and those of third parties on which it relies, are frequent targets of cyberattacks of varying levels of severity, and may in the future be vulnerable to such attacks, and any inability or failure by VF or such third parties to anticipate or detect data or information security breaches or other cyberattacks, could result in data or financial loss, reputational harm, business disruption, damage to VF’s relationships with customers, consumers, employees and third parties on which it relies, litigation, regulatory investigations, enforcement actions or other negative impacts; any inability by VF or third parties on which it relies to properly collect, use, manage and secure business, consumer and employee data and comply with privacy and security regulations; VF’s ability to adopt new technologies, including artificial intelligence, in a competitive and responsible manner; foreign currency fluctuations; stability of VF’s vendors' manufacturing facilities and VF's ability to establish and maintain effective supply chain capabilities; continued use by VF’s suppliers of ethical business practices; VF’s ability to accurately forecast demand for products; actions of activist and other shareholders; VF’s ability to recruit, develop or retain key executive or employee talent or successfully transition executives; continuity of members of VF’s management; changes in the availability and cost of labor; VF’s ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; maintenance by VF’s licensees and distributors of the value of VF’s brands; VF’s ability to execute acquisitions and dispositions, integrate acquisitions and manage its brand portfolio, including the completed sale of the Dickies^® brand; VF’s ability to execute, and realize benefits, successfully, or at all, from the completed sale of the Dickies^® brand; business resiliency in response to natural or man-made economic, public health, cyber, political or environmental disruptions, including any potential effects from changes in tariffs and international trade policy, and the U.S. federal government shutdown; changes in tax laws and additional tax liabilities; legal, regulatory, political, economic, and geopolitical risks, including those related to the current conflicts in Europe, the Middle East and Asia and tensions between the U.S. and China; changes to laws and regulations; adverse or unexpected weather conditions, including any potential effects from climate change; VF’s indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent VF from fulfilling its financial obligations; VF’s ability to pay and declare dividends or repurchase its stock in the future; climate change and increased focus on environmental, social and governance issues; VF’s ability to execute on its sustainability strategy and achieve its sustainability-related goals and targets; risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis; and tax risks associated with the spin-off of the Jeanswear business completed in 2019. More information on potential factors that could affect VF’s financial results is included from time to time in VF’s public reports filed with the SEC, including VF’s Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q, and Forms 8-K filed or furnished with the SEC.

VF CORPORATION Supplemental Financial Information Reconciliation of Select GAAP Measures to Non-GAAP Measures - Three and Nine Months Ended December 2025 (Unaudited) (In thousands, except per share amounts)

Three Months Ended December 2025	As Reported under GAAP			Reinvent ^(a)			Impairment and Pension Settlement Charge ^(b)		Transaction and Deal Related Activities ^(c)			Adjusted			Less: Adjusted Contribution from Dickies ^(d)			Adjusted Excluding Dickies
Revenues	$	2,875,801		$	—		$	—	$	—		$	2,875,801		$	55,747		$	2,820,054
Gross profit		1,628,341			214			—		—			1,628,555			21,475			1,607,080
*Percent*		56.6	%										56.6	%					57.0	%
Selling, general and administrative expenses		1,308,571			(4,885	)		—		(8,173	)		1,295,513			29,430			1,266,083
*Percent*		45.5	%										45.0	%					44.9	%
Operating income (loss)		289,054			5,099			30,716		8,173			333,042			(7,955	)		340,997
*Percent*		10.1	%										11.6	%					12.1	%
Diluted earnings (loss) per share from continuing operations ^(e)		0.76			0.01			0.14		(0.34	)		0.56			(0.01	)		0.58

Nine Months Ended December 2025	As Reported under GAAP			Reinvent ^(a)			Impairment and Pension Settlement Charge ^(b)		Transaction and Deal Related Activities ^(c)			Adjusted			Less: Adjusted Contribution from Dickies ^(d)			Adjusted Excluding Dickies
Revenues	$	7,439,173		$	—		$	—	$	—		$	7,439,173		$	309,255		$	7,129,918
Gross profit		4,039,787			4,257			—		—			4,044,044			136,662			3,907,382
*Percent*		54.3	%										54.4	%					54.8	%
Selling, general and administrative expenses		3,494,006			(47,107	)		—		(10,194	)		3,436,705			125,428			3,311,277
*Percent*		47.0	%										46.2	%					46.4	%
Operating income		515,065			51,364			30,716		10,194			607,339			11,235			596,104
*Percent*		6.9	%										8.2	%					8.4	%
Diluted earnings per share from continuing operations ^(e)		0.95			0.10			0.14		(0.34	)		0.85			0.02			0.83

Notes:

^(a) Costs related to Reinvent, VF's transformation program, including restructuring charges and project-related costs, were $5.1 million and $51.4 million in the three and nine months ended December 2025, respectively. These costs related primarily to severance and employee-related benefits and expenses related to the engagement of a consulting firm to support VF's transformation journey. VF entered into a contract with a consulting firm during the second quarter of Fiscal 2025, with services under the contract substantially completed in the third quarter of Fiscal 2026. In addition to payment for services, the contract includes contingent fees tied to increases in VF's stock price through June 2027. Expenses related to the contract, including contingent fees, were $8.1 million and $25.3 million in the three and nine months ended December 2025, respectively. Reinvent resulted in a net tax benefit of $1.6 million and $11.9 million in the three and nine months ended December 2025, respectively.

The ��ߺ�� incurred $207.7 million in total restructuring charges in connection with Reinvent. Substantially all restructuring actions were completed at the end of the first quarter of Fiscal 2026. Total fees associated with the contract with the consulting firm could be up to $146.0 million, with $75.0 million of the fees contingent on increases to VF’s stock price through June 2027.

^(b) VF recognized a non-cash impairment charge related to the Napapijri reporting unit goodwill of $30.7 million during the three and nine months ended December 2025.

A non-cash pension settlement charge of $34.0 million was recorded in the other income (expense), net line item during the three and nine months ended December 2025. The pension settlement charge resulted from lump-sum payments of retirement benefits due to the termination of the U.S. qualified plan, which is expected to be completed by the end of Fiscal 2026.

The impairment and pension settlement charge resulted in a net tax benefit of $9.4 million in the three and nine months ended December 2025.

^(c) Transaction and deal related activities include costs associated with the divestiture of Dickies, which totaled $8.2 million and $10.2 million for the three and nine months ended December 2025, respectively. Additionally, the activities include an estimated pre-tax gain on sale related to the divestiture of Dickies totaling $139.1 million recorded in the other income (expense), net line item in the Consolidated Statements of Operations in the three and nine months ended December 2025. The transaction and deal related activities resulted in a net tax benefit of $5.4 million and $5.9 million in the three and nine months ended December 2025, respectively.

^(d) The “Adjusted Contribution from Dickies” column represents the operating results of Dickies for the three and nine months ended December 2025 on an adjusted basis. This column excludes transaction and deal related costs as described above. The adjusted contribution from Dickies resulted in a net tax benefit of $2.6 million and a net tax expense of $3.3 million for the three and nine months ended December 2025, respectively.

^(e) Amounts shown in the table have been calculated using unrounded numbers. The diluted earnings (loss) per share impacts were calculated using 397,157,000 and 394,414,000 weighted average common shares for the three and nine months ended December 2025, respectively.

Non-GAAP Financial Information

The financial information above has been presented on a GAAP basis, on an adjusted basis, which excludes the impact of Reinvent, an impairment and pension settlement charge and transaction and deal related activities, and on an adjusted basis excluding Dickies, which also excludes the operating results of Dickies on an adjusted basis. These adjusted presentations provides non-GAAP measures and are not based on any comprehensive set of accounting rules or principles. Management believes these measures provide investors with useful supplemental information regarding VF's underlying business trends and the performance of VF's ongoing operations and are useful for period-over-period comparisons of such operations.

VF CORPORATION Supplemental Financial Information Reconciliation of Select GAAP Measures to Non-GAAP Measures - Three and Nine Months Ended December 2024 (Unaudited) (In thousands, except per share amounts)

Three Months Ended December 2024	As Reported under GAAP			Reinvent ^(a)			Impairment Charge^(b)		Transaction and Deal Related Activities ^(c)			Adjusted			Less: Adjusted Contribution from Dickies ^(d)		Adjusted Excluding Dickies
Revenues	$	2,833,912		$	—		$	—	$	—		$	2,833,912		$	133,599	$	2,700,313
Gross profit		1,595,174			—			—		—			1,595,174			59,038		1,536,136
*Percent*		56.3	%										56.3	%				56.9	%
Selling, general and administrative expenses		1,318,397			(47,282	)		—		—			1,271,115			53,450		1,217,665
*Percent*		46.5	%										44.9	%				45.1	%
Operating income		225,777			47,282			51,000		—			324,059			5,588		318,471
*Percent*		8.0	%										11.4	%				11.8	%
Diluted earnings per share from continuing operations ^(e)		0.43			0.09			0.10		—			0.62			0.01		0.61

Nine Months Ended December 2024	As Reported under GAAP			Reinvent^(a)			Impairment Charge^(b)		Transaction and Deal Related Activities^(c)			Adjusted			Less: Adjusted Contribution from Dickies^(d)		Adjusted Excluding Dickies
Revenues	$	7,360,920		$	—		$	—	$	—		$	7,360,920		$	402,793	$	6,958,127
Gross profit		3,941,409			412			—		—			3,941,821			172,726		3,769,095
*Percent*		53.5	%										53.6	%				54.2	%
Selling, general and administrative expenses		3,513,749			(105,998	)		—		(490	)		3,407,261			151,604		3,255,657
*Percent*		47.7	%										46.3	%				46.8	%
Operating income		376,660			106,410			51,000		490			534,560			21,123		513,437
*Percent*		5.1	%										7.3	%				7.4	%
Diluted earnings per share from continuing operations ^(e)		0.56			0.20			0.10		—			0.87			0.05		0.82

Notes:

^(a) Costs related to Reinvent, VF's transformation program, including restructuring charges and project-related costs, were $47.3 million and $106.4 million in the three and nine months ended December 2024, respectively. These costs related primarily to severance and employee-related benefits and expenses related to the engagement of a consulting firm to support VF's transformation journey. VF entered into a contract with a consulting firm during the second quarter of Fiscal 2025, with services under the contract substantially completed in the third quarter of Fiscal 2026. In addition to payment for services, the contract includes contingent fees tied to increases in VF's stock price through June 2027. Expenses related to the contract, including contingent fees, were $28.9 million and $60.0 million in the three and nine months ended December 2024, respectively. Reinvent resulted in a net tax benefit of $12.0 million and $26.7 million in the three and nine months ended December 2024, respectively.

^(b) VF recognized a non-cash impairment charge related to the Dickies indefinite-lived trademark intangible asset of $51.0 million during the three and nine months ended December 2024. The impairment charge resulted in a net tax benefit of $10.5 million in the three and nine months ended December 2024. Because Dickies is not considered a discontinued operation, the impairment is considered an adjustment to derive the Adjusted non-GAAP measure.

^(c) Transaction and deal related activities reflect activities associated with the review of strategic alternatives for the Global Packs business, consisting of the Kipling^®, Eastpak^® and JanSport^® brands, which totaled $0.5 million for the nine months ended December 2024. The transaction and deal related activities resulted in a net tax benefit of $0.1 million in the nine months ended December 2024.

^(d) The “Adjusted Contribution from Dickies” column represents the operating results of Dickies for the three and nine months ended December 2024 on an adjusted basis. This column excludes a noncash impairment charge as described above. The adjusted contribution from Dickies resulted in a net tax expense of $1.1 million and $4.1 million for the three and nine months ended December 2024, respectively.

^(e) Amounts shown in the table have been calculated using unrounded numbers. The diluted earnings per share impacts were calculated using 393,908,000 and 391,435,000 weighted average common shares for the three and nine months ended December 2024, respectively.

Non-GAAP Financial Information

The financial information above has been presented on a GAAP basis, on an adjusted basis, which excludes the impact of Reinvent, an impairment charge and transaction and deal related activities, and on an adjusted basis excluding Dickies, which also excludes the operating results of Dickies on an adjusted basis. These adjusted presentations provides non-GAAP measures and are not based on any comprehensive set of accounting rules or principles. Management believes these measures provide investors with useful supplemental information regarding VF's underlying business trends and the performance of VF's ongoing operations and are useful for period-over-period comparisons of such operations.

VF CORPORATION Supplemental Financial Information Reportable Segment Information - Constant Currency Basis (Unaudited) (In thousands, except per share amounts)

	Three Months Ended December 2025
	As Reported			Adjust for Foreign
	under GAAP			Currency Exchange			Constant Currency
Revenues:
Outdoor segment	$	1,926,008		$	(53,668	)	$	1,872,340
Active segment		671,835			(17,774	)		654,061
All Other		277,958			(6,736	)		271,222
Total revenues	$	2,875,801		$	(78,178	)	$	2,797,623
Segment profit (loss):
Outdoor segment	$	407,726		$	(11,820	)	$	395,906
Active segment		(4,622	)		(1,645	)		(6,267	)
Total segment profit		403,104			(13,465	)		389,639
Impairment of goodwill		(30,716	)		—			(30,716	)
Corporate and other income (expenses) ^(a)		10,030			397			10,427
Interest expense, net		(34,611	)		(479	)		(35,090	)
“All Other” profit		15,052			(141	)		14,911
Income from continuing operations before income taxes	$	362,859		$	(13,688	)	$	349,171
Diluted earnings per share change from continuing operations		76	%		(6	%)		70	%

^(a) An estimated pre-tax gain on the sale of Dickies of $139.1 million was recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the three months ended December 2025. In addition, a pension settlement charge of $34.0 million related to the termination of the U.S. qualified plan was recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the three months ended December 2025.

Constant Currency Financial Information

VF CORPORATION Supplemental Financial Information Reportable Segment Information - Constant Currency Basis (Unaudited) (In thousands, except per share amounts)

	Nine Months Ended December 2025
	As Reported			Adjust for Foreign
	under GAAP			Currency Exchange			Constant Currency
Revenues:
Outdoor segment	$	4,401,953		$	(103,023	)	$	4,298,930
Active segment		2,132,272			(41,285	)		2,090,987
All Other		904,948			(18,495	)		886,453
Total revenues	$	7,439,173		$	(162,803	)	$	7,276,370
Segment profit:
Outdoor segment	$	666,196		$	(18,815	)	$	647,381
Active segment		117,964			(6,258	)		111,706
Total segment profit		784,160			(25,073	)		759,087
Impairment of goodwill		(30,716	)		—			(30,716	)
Corporate and other expenses ^(a)		(190,202	)		1,017			(189,185	)
Interest expense, net		(121,940	)		(1,473	)		(123,413	)
“All Other” profit		63,245			(2,103	)		61,142
Income from continuing operations before income taxes	$	504,547		$	(27,632	)	$	476,915
Diluted earnings per share change from continuing operations		69	%		(11	%)		58	%

^(a) An estimated pre-tax gain on the sale of Dickies of $139.1 million was recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the nine months ended December 2025. In addition, a pension settlement charge of $34.0 million related to the termination of the U.S. qualified plan was recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the nine months ended December 2025.

Constant Currency Financial Information

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Investor Contact:
Allegra Perry
ir@vfc.com

Media Contact:
Colin Wheeler
corporate_communications@vfc.com

Source: VF Corporation

VF Corporation Announces Participation at the 28th Annual ICR Conference

Tue, 13 Jan 2026 06:00:00 -0500

DENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC) announced today that VF management will participate in a fireside chat at the 28^th Annual ICR Conference, being held today Tuesday, January 13, 2026 at 9:30 a.m. ET.

The event will be broadcast live via the Internet, accessible at . For those unable to listen to the live broadcast, an archived version and transcript will be available at the same location following the event.

About VF

VF Corporation is a portfolio of leading outdoor, active and workwear brands, including The North Face^®, Vans^® and Timberland^®. VF is committed to providing consumers with innovative products that are rooted in performance and elevated design, while delivering sustainable and long-term value for its employees, communities, and shareholders. For more information, please visit .

View source version on businesswire.com:

Investor Contact:
Allegra Perry
ir@vfc.com

Media Contact:
Colin Wheeler
corporate_communications@vfc.com

Source: VF Corporation

VF Corporation Announces Third Quarter Fiscal 2026 Earnings and Conference Call Date

Wed, 07 Jan 2026 16:30:00 -0500

DENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC) plans to release its third quarter fiscal 2026 financial results on Wednesday, January 28^th, 2026 at approximately 6:00 a.m. ET. Following the release, VF management will host a conference call at approximately 8:00 a.m. ET to review results.

The conference call will be broadcast live via the Internet, accessible at . For those unable to listen to the live broadcast, an archived version will be available at the same location.

About VF

View source version on businesswire.com:

Investor Contact:
Allegra Perry
ir@vfc.com

Media Contact:
Colin Wheeler
corporate_communications@vfc.com

Source: VF Corporation

VF Corporation Completes Sale of Dickies® to Bluestar Alliance

Wed, 12 Nov 2025 16:10:00 -0500

DENVER & NEW YORK--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, announced that it has successfully closed the previously announced transaction to sell the Dickies^® brand to Bluestar Alliance LLC, a leading global brand management firm, for an aggregate base purchase price of $600 million in cash subject to customary adjustments.

About VF

VF Corporation is a portfolio of leading outdoor, active and workwear brands, including The North Face^®, Vans^®, and Timberland^®. VF is committed to providing consumers with innovative products that are rooted in performance and elevated design, while delivering sustainable and long-term value for its employees, communities, and shareholders. For more information, please visit vfc.com.

About Bluestar Alliance, LLC

Founded in 2006 by Joseph Gabbay and Ralph Gindi, Bluestar Alliance is a global brand management leader, overseeing a portfolio of premium fashion and lifestyle brands generating more than $13 billion in global retail sales. Bluestar Alliance is recognized for transforming iconic consumer names into dynamic, best-in-class lifestyle brands with worldwide reach. Its portfolio includes Off-White™, Palm Angels^®, Dickies^®, Scotch & Soda^®, Hurley^®, Justice^®, Bebe^®, Elie Tahari^®, Limited Too^®, Brookstone^®, and more—each re-energized through creative vision, strategic partnerships, and a deep understanding of global markets. With more than 600 licensees and a growing network of over 500 branded retail stores across North America, Europe, Australia, South America, India, Asia, the Middle East, and the United Arab Emirates, Bluestar Alliance continues to expand its global presence—most notably through the Bluestar Luxury Group, focused on building the next generation of luxury and lifestyle brands. Bluestar Alliance stands at the intersection of innovation, influence, and brand authority, shaping the future of how consumers experience brands around the world.

View source version on businesswire.com:

VF Media
Colin Wheeler
Vice President, Corporate Affairs, Public Relations and Communications
corporate_communications@vfc.com

VF Investor Relations
Allegra Perry
Vice President, Investor Relations
ir@vfc.com

Bluestar Alliance, LLC
Sarah Rosen
Bluestar Alliance
SRosen@Bluestarall.com

Source: VF Corporation

VF Corporation Releases Second Quarter Fiscal 2026 Financial Results

Tue, 28 Oct 2025 06:00:00 -0400

DENVER--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC) today reported financial results for its second quarter (Q2'26) ended September 27, 2025, and the ��ߺ��'s Board of Directors authorized a quarterly per share dividend of $0.09. These financial results are also reflected in a presentation available on the Investor Relations website at .

Bracken Darrell, President and CEO, said: "In Q2 we made further progress on our turnaround plan. We delivered broad-based growth for The North Face^® and Timberland^®, while continuing to moderate declines in Vans^®. We also announced the pending sale of Dickies^® for $600 million, enhancing our capacity to invest in the portfolio and drive shareholder returns. Looking ahead, we will continue to focus on generating value across our brands and returning the company to sustainable and profitable growth."

Q2'26 Financial Review

Revenue of $2.8B, +2% vs. LY or (1%) C$
- Revenue (1%) C$ vs. LY, above guidance of (4%) to (2%) C$ vs. LY
- Q2’26 revenue reflects better-than-expected back-to-school results and early Wholesale demand
- The North Face^® and Timberland^® grew +6% and +7% vs. LY, respectively, or both +4% C$
- Vans^® revenue sequentially improved to (9%) vs. LY or (11%) C$
Adjusted operating income and margin up vs. LY
- Operating income of $313M; adjusted operating income of $330M, meaningfully above guidance of $260M to $290M and +5% vs. LY or +1% C$
- Operating margin of 11.2%, +130bps vs. LY, and adjusted operating margin of 11.8%, +40bps vs. LY
- Gross margin of 52.2%, flat vs. LY
- SG&A dollars (1%) vs. LY, adjusted SG&A dollars +1% vs. LY or (1%) C$
EPS of $0.48, adjusted EPS of $0.52
- Earnings per share (EPS) of $0.48 vs. LY of $0.52, adjusted EPS of $0.52 vs. LY of $0.60
- Net interest expense of $46M; effective tax rate of 29%
Net debt down $1.5B or (21%) vs. LY
- Net debt excluding lease liabilities down $1.5B or (27%) vs. LY

Q3'26 and FY'26 Financial Outlook¹

Q3'26:
- Revenue (3%) to (1%) C$ vs. LY
- Adjusted operating income of $275M to $305M
FY'26:
- Free cash flow up vs. LY, includes known and anticipated tariff impacts
  - Adjusted operating income up vs. LY
  - Operating cash flow up vs. LY

Q3'26 and FY'26 P&L guidance excludes Dickies^® in current and prior years; FY'26 free and operating cash flow guidance on a reported basis, including the expected impact of the sale of Dickies^® in Q3'26

Webcast Information

VF management will host its second quarter Fiscal 2026 conference call beginning at approximately 8:00 a.m. ET today. The conference call will be broadcast live via the Internet, accessible at . For those unable to listen to the live broadcast, an archived version will be available at the same location.

Dividend Declared

VF’s Board of Directors declared a quarterly dividend of $0.09 per share. This dividend will be payable on December 18, 2025, to shareholders of record at the close of business on December 10, 2025.

About VF

VF Corporation is a portfolio of leading outdoor, active and workwear brands, including The North Face^®, Vans^®, Timberland^® and Dickies^®. VF is committed to providing consumers with innovative products that are rooted in performance and elevated design, while delivering sustainable and long-term value for its employees, communities, and shareholders. For more information, please visit .

Financial Presentation Disclosure

Change in Reportable Segments

VF realigned its reportable segments in the first quarter of Fiscal 2026. VF's updated reportable segments are Outdoor and Active. We have included an "All Other" category for the remaining operating segments that do not meet the quantitative threshold to be disclosed as a separate reportable segment. VF's financial results for Q2'26 and Q2'25 in this presentation reflect the new segments.

Dickies Held-for-Sale

On September 15, 2025, VF entered into a definitive agreement with Bluestar Alliance LLC to sell the Dickies^® brand business ("Dickies"). The ��ߺ�� determined that the associated assets and liabilities met the held-for-sale accounting criteria and they were classified accordingly in the September 2025 Consolidated Balance Sheet.

Discontinued Operations - Supreme

Constant Currency - Excluding the Impact of Foreign Currency

This release refers to “reported” amounts in accordance with U.S. generally accepted accounting principles (“GAAP”), which include translation and transactional impacts from foreign currency exchange rates. This release also refers to both “constant dollar” and “constant currency” amounts, which exclude the impact of translating foreign currencies into U.S. dollars. Reconciliations of GAAP measures to constant currency amounts are presented in the supplemental financial information included with this release, which identifies and quantifies all excluded items, and provides management’s view of why this information is useful to investors.

Adjusted Amounts - Excluding Reinvent and Transaction and Deal Related Activities

The adjusted amounts in this release exclude costs related to Reinvent, VF's transformation program. Costs, including restructuring charges and project-related costs, were approximately $15 million in the second quarter of Fiscal 2026 and $46 million in the first six months of Fiscal 2026.

The adjusted amounts in this release exclude transaction and deal related activities associated with the pending divestiture of Dickies. Total transaction and deal related activities include costs of approximately $2 million in the second quarter and first six months of Fiscal 2026.

Combined, the above items negatively impacted loss per share by $0.04 during the second quarter of Fiscal 2026 and $0.09 during the first six months of Fiscal 2026. All adjusted amounts referenced herein exclude the effects of these amounts.

Forward-looking Statements

Certain statements included in this release are "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on VF’s expectations and beliefs concerning future events impacting VF and therefore involve several risks and uncertainties. Words such as “will,” “anticipate,” "believe," “estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates may be used to identify forward-looking statements; however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding VF’s plans, objectives, projections and expectations relating to VF’s operations or financial performance, and assumptions related thereto, are forward-looking statements. Forward-looking statements are not guarantees, and actual results could differ materially from those expressed or implied in the forward-looking statements. VF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of VF to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the level of consumer demand for apparel, footwear and accessories; disruption to VF’s distribution system; changes in global economic conditions and the financial strength of VF’s consumers and customers, including as a result of current inflationary pressures; fluctuations in the price, availability and quality of raw materials and finished products, including as a result of tariffs; disruption and volatility in the global capital and credit markets; VF’s response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; VF's ability to maintain the image, health and equity of its brands, including through investment in brand building and product innovation; intense competition from online retailers and other direct-to-consumer business risks; increasing pressure on margins; retail industry changes and challenges; VF's ability to execute its Reinvent transformation program, "The VF Way" and other business priorities, including measures to streamline and right-size its cost base and strengthen the balance sheet while reducing leverage; VF’s ability to successfully establish a global commercial organization, and identify and capture efficiencies in its business model; any inability of VF or third parties on which it relies, to maintain the strength and security of information technology systems; the fact that VF’s facilities and systems, and those of third parties on which it relies, are frequent targets of cyberattacks of varying levels of severity, and may in the future be vulnerable to such attacks, and any inability or failure by VF or such third parties to anticipate or detect data or information security breaches or other cyberattacks, could result in data or financial loss, reputational harm, business disruption, damage to VF’s relationships with customers, consumers, employees and third parties on which it relies, litigation, regulatory investigations, enforcement actions or other negative impacts; any inability by VF or third parties on which it relies to properly collect, use, manage and secure business, consumer and employee data and comply with privacy and security regulations; VF’s ability to adopt new technologies, including artificial intelligence, in a competitive and responsible manner; foreign currency fluctuations; stability of VF's vendors' manufacturing facilities and VF's ability to establish and maintain effective supply chain capabilities; continued use by VF’s suppliers of ethical business practices; VF’s ability to accurately forecast demand for products; actions of activist and other shareholders; VF's ability to recruit, develop or retain key executive or employee talent or successfully transition executives; continuity of members of VF’s management; changes in the availability and cost of labor; VF’s ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; maintenance by VF’s licensees and distributors of the value of VF’s brands; VF’s ability to execute acquisitions and dispositions, integrate acquisitions and manage its brand portfolio, including the proposed sale of the Dickies^® brand; whether and when the required regulatory approvals for the proposed sale of the Dickies^® brand will be obtained, whether and when the closing conditions will be satisfied and whether and when the proposed sale of the Dickies^® brand will close, if at all; VF’s ability to execute, and realize benefits, successfully, or at all, from the proposed sale of the Dickies^® brand; business resiliency in response to natural or man-made economic, public health, cyber, political or environmental disruptions, including any potential effects from changes in tariffs and international trade policy, and the U.S. federal government shutdown; changes in tax laws and additional tax liabilities; legal, regulatory, political, economic, and geopolitical risks, including those related to the current conflicts in Europe, the Middle East and Asia and tensions between the U.S. and China; changes to laws and regulations; adverse or unexpected weather conditions, including any potential effects from climate change; VF's indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent VF from fulfilling its financial obligations; VF's ability to pay and declare dividends or repurchase its stock in the future; climate change and increased focus on environmental, social and governance issues; VF's ability to execute on its sustainability strategy and achieve its sustainability-related goals and targets; risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis; and tax risks associated with the spin-off of the Jeanswear business completed in 2019. More information on potential factors that could affect VF’s financial results is included from time to time in VF’s public reports filed with the SEC, including VF’s Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q, and Forms 8-K filed or furnished with the SEC.

VF CORPORATION

Supplemental Financial Information

Reconciliation of Select GAAP Measures to Non-GAAP Measures - Three and Six Months Ended September 2025

(Unaudited)

(In thousands, except per share amounts)

��

Three Months Ended September 2025

��

As Reported
under GAAP

��

Reinvent ^(a)

��

Transaction
and Deal
Related
Activities ^(b)

��

Adjusted

Revenues

��

2,802,706

��

—

��

—

��

2,802,706

��

Gross profit

��

1,462,444

��

(239

)

��

—

��

1,462,205

��

Percent

��

52.2

��

52.2

��

Selling, general and administrative expenses

��

1,149,824

��

(15,722

)

��

(2,021

)

��

1,132,081

��

Operating income

��

312,620

��

15,483

��

2,021

��

330,124

��

Percent

��

11.2

��

11.8

��

Diluted earnings per share from continuing operations ^(c)

��

0.48

��

0.03

��

—

��

0.52

��

Six Months Ended September 2025

��

As Reported
under GAAP

��

Reinvent^(a)

��

Transaction
and Deal
Related
Activities ^(b)

��

Adjusted

Revenues

��

4,563,372

��

—

��

—

��

4,563,372

��

Gross profit

��

2,411,446

��

4,043

��

—

��

2,415,489

��

Percent

��

52.8

��

52.9

��

Selling, general and administrative expenses

��

2,185,435

��

(42,222

)

��

(2,021

)

��

2,141,192

��

Operating income

��

226,011

��

46,265

��

2,021

��

274,297

��

Percent

��

5.0

��

6.0

��

Diluted earnings per share from continuing operations ^(c)

��

0.19

��

0.09

��

—

��

0.28

��

Notes:

^(a) Costs related to Reinvent, VF's transformation program, including restructuring charges and project-related costs, were $15.5 million and $46.3 million in the three and six months ended September 2025, respectively. These costs related primarily to severance and employee-related benefits and expenses related to the engagement of a consulting firm to support VF's transformation journey. VF entered into a contract with a consulting firm during the second quarter of Fiscal 2025, with services under the contract expected to be substantially complete by the third quarter of Fiscal 2026. In addition to payment for services, the contract includes contingent fees tied to increases in VF's stock price through June 2027. Expenses related to the contract, including contingent fees, were $9.2 million and $17.2 million in the three and six months ended September 2025, respectively. Reinvent resulted in a net tax benefit of $3.5 million and $10.3 million in the three and six months ended September 2025, respectively.

The ��ߺ�� incurred $211.7 million in total restructuring charges in connection with Reinvent. Substantially all restructuring actions were completed at the end of the first quarter of Fiscal 2026. Total fees associated with the contract with the consulting firm could be up to $146.0 million, with $75.0 million of the fees contingent on increases to VF’s stock price through June 2027.

^(b) Transaction and deal related activities reflect activities associated with the pending divestiture of Dickies, which totaled $2.0 million for the three and six months ended September 2025. The transaction and deal related activities resulted in a net tax benefit of $0.5 million in the three and six months ended September 2025.

^(c)Amounts shown in the table have been calculated using unrounded numbers. The diluted earnings per share impacts were calculated using 393,986,000 and 393,043,000 weighted average common shares for the three and six months ended September 2025, respectively.

Non-GAAP Financial Information

The financial information above has been presented on a GAAP basis and on an adjusted basis, which excludes the impact of Reinvent and transaction and deal related activities. The adjusted presentation provides non-GAAP measures. Management believes these measures provide investors with useful supplemental information regarding VF's underlying business trends and the performance of VF's ongoing operations and are useful for period-over-period comparisons of such operations.

VF CORPORATION

Supplemental Financial Information

Reconciliation of Select GAAP Measures to Non-GAAP Measures - Three and Six Months Ended September 2024

(Unaudited)

(In thousands, except per share amounts)

��

Three Months Ended September 2024

��

As Reported
under GAAP

��

Reinvent ^(a)

��

Transaction
and Deal
Related
Activities ^(b)

��

Adjusted

Revenues

��

2,757,948

��

—

��

—

��

2,757,948

��

Gross profit

��

1,440,557

��

—

��

—

��

1,440,557

��

Percent

��

52.2

��

52.2

��

Selling, general and administrative expenses

��

1,166,654

��

(41,279

)

��

—

��

1,125,375

��

Operating income

��

273,903

��

41,279

��

—

��

315,182

��

Percent

��

9.9

��

11.4

��

Diluted earnings per share from continuing operations ^(c)

��

0.52

��

0.08

��

—

��

0.60

��

Six Months Ended September 2024

��

As Reported
under GAAP

��

Reinvent^(a)

��

Transaction
and Deal
Related
Activities^(b)

��

Adjusted

Revenues

��

4,527,008

��

—

��

—

��

4,527,008

��

Gross profit

��

2,346,235

��

412

��

—

��

2,346,647

��

Percent

��

51.8

��

51.8

��

Selling, general and administrative expenses

��

2,195,352

��

(58,716

)

��

(490

)

��

2,136,146

��

Operating income

��

150,883

��

59,128

��

490

��

210,501

��

Percent

��

3.3

��

4.6

��

Diluted earnings per share from continuing operations ^(c)

��

0.13

��

0.11

��

—

��

0.24

��

Notes:

^(a)Costs related to Reinvent, VF's transformation program, including restructuring charges and project-related costs, were $41.3 million and $59.1 million in the three and six months ended September 2024, respectively. These costs related primarily to severance and employee-related benefits and expenses related to the engagement of a consulting firm to support VF's transformation journey. VF entered into a contract with a consulting firm during the three months ended September 2024, with services under the contract expected to be substantially complete by the third quarter of Fiscal 2026. In addition to payment for services, the contract includes contingent fees tied to increases in VF's stock price through June 2027. Expenses related to the contract, including contingent fees, were $28.1 million and $31.1 million in the three and six months ended September 2024, respectively. Reinvent resulted in a net tax benefit of $10.5 million and $14.7 million in the three and six months ended September 2024, respectively.

^(b) Transaction and deal related activities reflect activities associated with the review of strategic alternatives for the Global Packs business, consisting of the Kipling^®, Eastpak^® and JanSport^® brands, which totaled $0.5 million for the six months ended September 2024. The transaction and deal related activities resulted in a net tax benefit of $0.1 million in the six months ended September 2024.

^(c) Amounts shown in the table have been calculated using unrounded numbers. The diluted earnings per share impacts were calculated using 390,945,000 and 390,198,000 weighted average common shares for the three and six months ended September 2024, respectively.

Non-GAAP Financial Information

VF CORPORATION

Supplemental Financial Information

Reportable Segment Information - Constant Currency Basis

(Unaudited)

(In thousands, except per share amounts)

��

Three Months Ended September 2025

��

As Reported
under GAAP

��

Adjust for Foreign
Currency Exchange

��

Constant Currency

Revenues:

��

Outdoor segment

��

1,663,479

��

(37,330

)

��

1,626,149

��

Active segment

��

760,750

��

(16,242

)

��

744,508

��

All Other

��

378,477

��

(8,172

)

��

370,305

��

Total revenues

��

2,802,706

��

(61,744

)

��

2,740,962

��

Segment profit:

��

Outdoor segment

��

300,740

��

(7,724

)

��

293,016

��

Active segment

��

65,748

��

(3,057

)

��

62,691

��

Total segment profit

��

366,488

��

(10,781

)

��

355,707

��

Corporate and other expenses

��

(95,672

)

��

265

��

(95,407

)

Interest expense, net

��

(46,209

)

��

(580

)

��

(46,789

)

"All Other" profit

��

43,674

��

(1,607

)

��

42,067

��

Income from continuing operations before income taxes

��

268,281

��

(12,703

)

��

255,578

��

Diluted earnings per share change from continuing operations

��

(12

Constant Currency Financial Information

VF CORPORATION

Supplemental Financial Information

Reportable Segment Information - Constant Currency Basis

(Unaudited)

(In thousands, except per share amounts)

��

Six Months Ended September 2025

��

As Reported
under GAAP

��

Adjust for Foreign
Currency Exchange

��

Constant Currency

Revenues:

��

Outdoor segment

��

2,475,945

��

(49,355

)

��

2,426,590

��

Active segment

��

1,460,437

��

(23,511

)

��

1,436,926

��

All Other

��

626,990

��

(11,759

)

��

615,231

��

Total revenues

��

4,563,372

��

(84,625

)

��

4,478,747

��

Segment profit:

��

Outdoor segment

��

258,470

��

(6,995

)

��

251,475

��

Active segment

��

122,586

��

(4,613

)

��

117,973

��

Total segment profit

��

381,056

��

(11,608

)

��

369,448

��

Corporate and other expenses

��

(200,232

)

��

620

��

(199,612

)

Interest expense, net

��

(87,329

)

��

(994

)

��

(88,323

)

"All Other" profit

��

48,193

��

(1,962

)

��

46,231

��

Income from continuing operations before income taxes

��

141,688

��

(13,944

)

��

127,744

��

Diluted earnings per share change from continuing operations

��

(24

��

Constant Currency Financial Information

View source version on businesswire.com:

Investor Contact:
Allegra Perry
ir@vfc.com

Media Contact:
Colin Wheeler
corporate_communications@vfc.com

Source: VF Corporation