VFC
V.F. Corporation19.02
-0.25-1.3%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Vans trends improving; reaffirms momentum
Q&A largely reaffirmed prepared remarks' momentum, fleshing out Vans green shoots with underlying trends improving to mid-single-digit Q4 declines, first e-com growth in 19 quarters, and sequential store traffic gains—yet physical traffic lags. TNF Americas' 15% surge proved repeatable, not holiday-specific, with inventory days down. CEO Darrell spotlighted Altra's $270M FY26 path and billion-dollar potential. Gross margins beat via lighter promotions and sourcing offsets to tariffs. Vans traffic turns pivotal. Management eyes full-year guidance return.
Key Stats
Market Cap
7.43BP/E (TTM)
79.25Basic EPS (TTM)
0.24Dividend Yield
0.02%Recent Filings
8-K
VF leadership reshuffle
8-K
Q3 revenue beats, debt drops
V.F. Corporation posted Q3'26 revenue up 1% to $2.9B, with ex-Dickies growth of 4% or 2% constant dollar, beating guidance amid holiday strength. The North Face and Timberland each rose 8%, Americas surged 6% ex-Dickies, DTC turned positive; adjusted OI hit $341M. Net debt fell $0.5B. Board declared $0.09/share dividend, payable March 19.
10-Q
Q3 FY2026 results
VF revenues rose 1% y/y to $2.9B in Q3 FY2026 ended December 27, 2025, with Outdoor up 8% y/y while Active fell 6% y/y; gross margin edged up 0.3% to 56.6% on favorable mix despite tariffs. Operating income climbed to $289M from $226M y/y, boosted by $139M pre-tax Dickies sale gain (closed November 12 for $600.5M cash), yet tempered by $34M pension settlement charge and $31M Napapijri goodwill impairment. Diluted EPS from continuing ops hit $0.76, verified against 397M shares. Cash swelled to $1.5B on $638M operating cash flow (capex $87M, FCF $551M derived), $972M ABL availability; total debt $4.1B. Portfolio sharpened post-Dickies. Vans weakness persists.
8-K
V.F. redeems 2026 notes
V.F. Corporation issued a notice of redemption on January 8, 2026, for all its outstanding 4.125% Senior Notes due 2026 (NYSE: VFC26), set to redeem on February 7, 2026, at 100% of principal plus accrued interest. The paying agent is The Bank of New York Mellon Trust Company, N.A. V.F. clears its 2026 debt early.
8-K
VF sells Dickies for $600M
VF Corporation closed the sale of its Dickies brand to Bluestar Alliance on November 12, 2025, for $600.0 million in cash, subject to customary adjustments. The divestiture sharpens focus on core outdoor and active brands like The North Face and Vans. VF supplied supplemental financials showing Dickies contributed $542 million in FY2025 revenues. Sale nets cash but skips discontinued ops treatment.
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