Core Viewpoint - Rosen Law Firm is reminding investors who purchased V.F. Corporation securities during the specified class period of the upcoming lead plaintiff deadline on November 12, 2025 [1] Group 1: Class Action Details - Investors who purchased V.F. Corporation securities between October 30, 2023, and May 20, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6] - The lawsuit alleges that V.F. Corporation's management provided misleading information regarding the company's turnaround plans, particularly concerning the Vans brand [5] Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms may lack the necessary experience [4] - Rosen Law Firm has a history of successful settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions for investors [4] Group 3: Case Specifics - The lawsuit claims that V.F. Corporation's management concealed the need for significant reset actions to return the Vans brand to growth, which negatively impacted revenue growth [5]

Core Insights - V.F. Corp. reported Q2'26 earnings on October 28, exceeding expectations on both revenue and earnings per share [1] - Despite the positive earnings report, the stock experienced an approximate 8% decline as investors sold off shares [1] Financial Performance - The company achieved better-than-expected results for both top and bottom lines in Q2'26 [1] - Specific financial metrics were not detailed in the provided content, but the overall performance indicates strong operational results [1] Market Reaction - Following the earnings announcement, V.F. Corp.'s stock price fell by around 8%, suggesting a negative market reaction despite the strong earnings [1]

Core Insights - V.F. Corp. reported Q2'26 earnings on October 28, exceeding expectations on both revenue and earnings [1] - Despite the positive earnings report, the stock experienced an approximate 8% decline as investors sold off shares [1] Financial Performance - The company's Q2'26 results were significantly better than anticipated, indicating strong operational performance [1] - The stock's decline post-earnings suggests market reactions may not align with the reported financial success [1]

Core Insights - V.F. Corporation (VFC) reported second-quarter fiscal 2026 results with a sales and earnings beat, although earnings fell year over year while revenues increased [1][9] - The company is progressing with its Reinvent program, aiming for cost savings and improved operating profitability [1][12] Financial Performance - Adjusted earnings per share were 52 cents, exceeding the Zacks Consensus Estimate of 42 cents, but down from 60 cents a year earlier [2][9] - Net revenues reached $2.80 billion, a 2% increase year over year, surpassing the consensus estimate of $2.73 billion [2][9] - The adjusted gross margin remained flat year over year at 52.2% [2] Revenue Breakdown - Revenues in the Americas fell 1% year over year, while EMEA revenues increased by 6% on a reported basis [3] - APAC revenues decreased by 2% on both reported and constant-currency bases [3] - Wholesale revenues rose 3% on a reported basis, while direct-to-consumer revenues declined by 1% year over year [4] Segment Performance - The Outdoor segment saw a 6% year-over-year revenue increase to $1,663 million, while the Active segment's revenues declined by 8% to $760.8 million [6] - The All-Other segment reported a 3% revenue gain year over year to $378.5 million [6] Financial Position - VFC ended the fiscal second quarter with cash and cash equivalents of $419.1 million and long-term debt of $3.54 billion [7] - The company announced a quarterly dividend of nine cents per share, payable on December 18, 2025 [7] Reinvent Program - In the first half of fiscal 2026, VFC spent $46.3 million on its Reinvent transformation program, primarily for severance and consulting costs [8] - The program has led to a net tax benefit of $10.3 million and total restructuring charges of $211.7 million [10] Future Outlook - For Q3 fiscal 2026, VFC expects revenues to decline by 1-3% in constant currency compared to the prior year [11] - Adjusted operating income is projected to be between $275 million and $305 million, with a likely decrease in adjusted gross margin year over year [11] - For fiscal 2026, VFC anticipates increases in adjusted operating income and operating cash flow, reflecting ongoing progress under the Reinvent program [12]

Financial Performance - Total revenues for the three months ended September 2025 were $2,802,706, an increase of 1.6% compared to $2,757,948 in September 2024[11]. - Operating income for the three months ended September 2025 was $312,620, up 14.1% from $273,903 in the same period last year[11]. - Net income for the three months ended September 2025 was $189,765, compared to a net income of $52,178 in September 2024, representing a significant increase[11]. - Comprehensive income for the three months ended September 2025 was $203,148, compared to $35,225 in the same period last year[14]. - Net income for the six months ended September 2025 was $73,357,000, a significant improvement compared to a net loss of $206,708,000 in the same period of 2024[17]. - Income from continuing operations, net of tax, increased to $73,357,000 from $50,482,000 year-over-year[17]. - Earnings per share for continuing operations were $0.49 for the three months ended September 2025, compared to $0.52 in September 2024[11]. - Income from continuing operations for the three months ended September 2025 was $189.8 million ($0.48 per diluted share), compared to $202.5 million ($0.52 per diluted share) in the 2024 period[155]. Assets and Liabilities - Total current assets as of September 2025 were $5,118,868, an increase from $3,786,098 in March 2025[9]. - Total liabilities increased to $9,166,269 as of September 2025, compared to $7,890,177 in March 2025[9]. - The company’s total assets were $10,644,124 as of September 2025, down from $12,219,638 in September 2024[9]. - Total inventories as of September 2025 were $1.855 billion, a decrease from $2.083 billion in September 2024[62]. - The balance of common stock shares increased to 390,712,620 as of September 2025, up from 389,283,419 in September 2024[24]. - Working capital increased to $1,360.1 million as of September 2025, compared to $1,088.2 million in March 2025[184]. - The net debt to total capital ratio was 79.4% as of September 2025, an increase from 76.8% in March 2025[185]. Cash Flow and Expenditures - Cash used by operating activities for continuing operations was $(372,468,000), compared to $(301,823,000) in the prior year, indicating increased cash outflow[17]. - Total cash, cash equivalents, and restricted cash at the end of the period was $435,504,000, down from $514,630,000 at the end of September 2024[20]. - Cash and cash equivalents decreased to $419,115 as of September 2025 from $492,164 in September 2024[9]. - The company paid cash dividends of $(70,312,000) during the period, slightly up from $(70,048,000) in the prior year[17]. - The Company paid cash dividends of $0.09 and $0.18 per share during the three and six months ended September 2025, respectively, and declared a cash dividend of $0.09 per share for Q3 Fiscal 2026[204]. Segment Performance - Wholesale revenues for the Outdoor segment reached $1.21 billion for the three months ended September 2025, compared to $1.14 billion in the same period of 2024, reflecting a growth of 6.0%[47]. - Direct-to-consumer revenues for the Active segment were $376.8 million for the three months ended September 2025, a decrease from $413.7 million in the same period of 2024[47]. - The Americas generated $1.34 billion in total revenues for the three months ended September 2025, compared to $1.36 billion in the same period of 2024, indicating a slight decline[47]. - Outdoor segment revenues increased to $1,663,479,000 in September 2025 from $1,566,722,000 in September 2024, reflecting a growth of 6.2%[103][104]. - Active segment revenues decreased to $760,750,000 in September 2025 from $824,536,000 in September 2024, a decline of 7.8%[103][104]. - Segment profit for the Outdoor segment was $300,740,000 for the three months ended September 2025, up from $278,138,000 in the same period of 2024, an increase of 8.2%[103][104]. Accounting and Compliance - The company is evaluating the impact of new accounting standards on its disclosures, including those related to income taxes and expense disaggregation[40][41]. - The ABL Credit Facility includes a financial covenant requiring a Fixed Charge Coverage Ratio of at least 1.00 to 1.00, applicable only if Global Excess Availability falls below $100.0 million[74]. - The Company has chosen accounting policies that accurately report operating results and financial position in conformity with generally accepted accounting principles[207]. - Significant accounting policies are summarized in Note 1 to the consolidated financial statements included in the Fiscal 2025 Form 10-K[207]. - There have been no material changes in the Company's accounting policies from those disclosed in the Fiscal 2025 Form 10-K[207]. Restructuring and Transformation - VF introduced the Reinvent transformation program, with 74% of total charges related to severance and employee-related benefits, totaling $49.9 million in cash payments during the six months ended September 2025[125]. - VF's restructuring charges related to Reinvent for the six months ended September 2025 totaled $21.6 million, with cumulative charges since inception amounting to $211.7 million[126]. - The company entered into a definitive agreement to sell the Dickies brand business for $600.0 million in cash on September 15, 2025[137]. Market and Economic Conditions - VF expects to recognize $51.2 million of fixed consideration related to future minimum guarantees under licensing agreements through March 2031[44]. - Approximately 85% of products purchased for sale in the U.S. are sourced through Southeast Asia and Central and South America, with less than 2% sourced from China[138]. - The company expects gross margin to be negatively impacted (though not materially) throughout the second half of Fiscal 2026 due to the implementation of tariffs[140].

For the quarter ended September 2025, V.F. (VFC) reported revenue of $2.8 billion, up 1.6% over the same period last year. EPS came in at $0.52, compared to $0.60 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.73 billion, representing a surprise of +2.72%. The company delivered an EPS surprise of +23.81%, with the consensus EPS estimate being $0.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...

Group 1: Earnings Performance - V.F. reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, but down from $0.60 per share a year ago, representing an earnings surprise of +23.81% [1] - The company posted revenues of $2.8 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.72%, compared to revenues of $2.76 billion a year ago [2] Group 2: Stock Performance and Outlook - V.F. shares have declined approximately 22.6% since the beginning of the year, contrasting with the S&P 500's gain of 16.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.56 on revenues of $2.88 billion, and for the current fiscal year, it is $0.74 on revenues of $9.57 billion [7] Group 3: Industry Context - The Textile - Apparel industry, to which V.F. belongs, is currently ranked in the bottom 13% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

V.F. Corporation (NYSE:VFC) Q2 2026 Earnings Call October 28, 2025 08:00 AM ET Company ParticipantsBracken Darrell - President and CEOAnna Andreeva - Managing DirectorJay Sole - Managing DirectorPaul Vogel - EVP and CFOAllegra Perry - VP of Investor RelationsBrooke Roach - VP of Equity ResearchMichael Binetti - Senior Managing DirectorIke Boruchow - Managing DirectorJanine Stichter - Managing Director of Consumer Equity ResearchTom Nikic - Managing DirectorConference Call ParticipantsAdrienne Yih - Managing ...

Financial Data and Key Metrics Changes - Total revenue increased by 2% in reported dollars but decreased by 1% in constant dollars, showing an improving trend compared to the previous quarter [6][19] - Operating income reached $330 million, exceeding guidance of $260 million - $290 million [6][19] - Net debt, excluding lease liabilities, decreased by $1.5 billion year-over-year, representing a 27% reduction [6][23] - Adjusted earnings per share was $0.52, down from $0.60 in the same quarter last year [22] Business Line Data and Key Metrics Changes - The North Face revenue grew by 4%, with growth in both wholesale and direct-to-consumer channels [8][19] - Timberland also saw a 4% revenue increase, driven by strong demand in the Americas [10][19] - Altra experienced significant growth, with revenue up over 35% year-over-year [12] - Vans revenue declined by 11%, impacted by channel rationalization actions [14][19] Market Data and Key Metrics Changes - The Americas region revenue was down 1%, EMEA was flat, and APAC decreased by 2% [19] - Direct-to-consumer sales were down 2%, while wholesale remained flat [20] Company Strategy and Development Direction - The company is focused on returning to growth and has made progress in its turnaround strategy, with 65% of its business by revenue growing [6][7] - Plans to divest the Dickies brand for $600 million to pay down debt and focus on core brands [8][17] - Emphasis on product innovation and marketing strategies to drive brand engagement and growth across all brands [9][10][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertain global environment but expressed confidence in the company's strategy and ability to execute [5][26] - The company expects Q3 revenue to decline by 1% to 3% in constant dollars, but remains optimistic about the holiday season [23][26] - Management highlighted the importance of maintaining a lower promotional environment while preparing for price increases in Q4 [46][48] Other Important Information - Free cash flow through Q2 was -$453 million, consistent with expectations due to seasonal working capital needs [22] - The company is on track to achieve medium-term targets of $500 million - $600 million in operating income expansion by fiscal 2028 [25] Q&A Session Summary Question: Path back to growth for Vans - Management indicated that increasing new product offerings and enhancing marketing strategies are key to returning Vans to growth, with expectations of improved performance as new products are introduced [30][32] Question: Gross margins and cost discipline - Management noted that gross margins were impacted by FX and lower promotions, but overall cost discipline initiatives are on track [38][41] Question: Promotional recapture and pricing plans - Management confirmed that they are well on track with promotional recapture and expect to operate in a lower promotional environment moving forward [46][48] Question: Performance in Asia - Management acknowledged a stabilizing period in APAC, particularly in China, but remains optimistic about growth opportunities in other regions [57][60] Question: Debt deleveraging strategy - Management expressed confidence in achieving a leverage ratio of 2.5 times or below by 2028, focusing on fundamental improvements and growing EBITDA [121]

V.F. Corporation (NYSE:VFC) Q2 2026 Earnings Call October 28, 2025 08:00 AM ET Speaker2Hello everyone, thank you for joining us and welcome to the V.F. Corporation Q2 Full Year 2026 Earnings Call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please raise your hand. If you have dialed in to today's call, please press *9 to raise your hand and *6 to unmute. I will now hand the call over to Allegra Perry, Vice President of Investor Relations. ...