Core Insights - VF Corp. is successfully executing its turnaround plan, exceeding Wall Street's expectations in Q2 with a net income of $189.8 million, or 48 cents per diluted share, compared to $52.2 million, or 13 cents, in the same period last year [1][2] - Revenues increased by 1.6% to $2.80 billion from $2.76 billion, with direct-to-consumer sales down 1% to $909.9 million and wholesale sales up 3% to $1.89 billion [1][5] Financial Performance - Operating income reached $313 million, or $330 million on an adjusted basis, surpassing guidance of $260 million to $290 million [5] - Operating margin improved to 11.2%, up 130 basis points from the previous year, while gross margin remained flat at 52.2% [5] - Net debt decreased by $1.5 billion, indicating improved financial health [5] Brand Performance - Revenue growth was observed in The North Face (up 6% to $1.16 billion) and Timberland (up 7% to $506.4 million), while Vans experienced a decline of 9% to $606.9 million [6] - The North Face saw strong performance in performance apparel across all regions, with double-digit growth in transitional outerwear and footwear [6][7] Strategic Initiatives - The company announced the pending sale of its Dickies brand for $600 million, which is expected to enhance investment capacity and drive shareholder returns [3][4] - The sale proceeds will be used to pay down debt and are projected to be accretive to VF's growth rate [4] Regional Sales Performance - Sales in the Americas decreased by 1% to $1.34 billion, while EMEA sales increased by 6% to $1.07 billion, and APAC sales fell by 2% [8] Future Guidance - For Q3, the company anticipates revenues to decline by 1% to 3%, with adjusted operating income projected between $275 million to $305 million [9][10] - For Fiscal Year 2026, free cash flow is expected to increase compared to the previous year, along with an increase in adjusted operating income [9]

Q2'26 EARNINGS OCTOBER 28, 2025 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 Company 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 On July 16, 2024, VF entered into a definitive Stock and Asset Purchase Agreement with Essi ...

Vans parent VF Corp posted better-than-expected results for the second quarter on Tuesday, helped by strong demand for its footwear, bags and lifestyle apparel, even as economic uncertainty looms. ...

Revenue Performance - Q2'26 revenue reached $2.8 billion, representing a 2% increase year-over-year, or a decrease of 1% in constant currency[5] - The North Face® and Timberland® brands grew by 6% and 7% year-over-year, respectively, while Vans® revenue declined by 9%[5] - Revenues for the three months ended September 2025 were $2,802.7 million, representing a 1.6% increase from $2,757.9 million in the same period of 2024[29] - Total revenues for the six months ended September 2025 were $4,563.4 million, a 0.8% increase from $4,527.0 million in the same period of 2024[29] - The Outdoor segment generated revenues of $1,663.5 million for the three months ended September 2025, while the Active segment contributed $760.8 million[34] Profitability Metrics - Adjusted operating income was $330 million, significantly above the guidance of $260 million to $290 million, and up 5% year-over-year[5] - Operating margin improved to 11.2%, an increase of 130 basis points compared to the previous year[5] - Gross profit margin for the three months ended September 2025 was 52.2%, consistent with the previous year[29] - Operating income for the three months ended September 2025 was $330.1 million, up from $315.2 million in the same period of 2024, reflecting an increase in operating margin from 11.4% to 11.8%[29] - EPS for Q2'26 was $0.48, with adjusted EPS at $0.52, down from $0.60 in the prior year[5] - Diluted earnings per share from continuing operations for the three months ended September 2025 were $0.52, compared to $0.60 in the same period of 2024[29] Financial Health - Net debt decreased by $1.5 billion, or 21% year-over-year, indicating improved financial health[5] - The company announced the pending sale of Dickies® for $600 million, aimed at enhancing investment capacity[2] - The company declared a quarterly dividend of $0.09 per share, payable on December 18, 2025[7] Future Projections - Q3'26 revenue is projected to decline between 3% to 1% year-over-year[5] - FY'26 free cash flow is expected to increase compared to the previous year, including known tariff impacts[5] - The company expects the consulting contract related to the Reinvent program to be substantially complete by the third quarter of Fiscal 2026, with contingent fees tied to stock price increases through June 2027[24] Restructuring and Charges - Total restructuring charges related to the Reinvent program were $15.5 million for the three months ended September 2025, with a total of $211.7 million incurred to date[24] - Transaction and deal-related activities associated with the pending divestiture of Dickies totaled $2.0 million for the three and six months ended September 2025[25] Currency and Reporting - VF reports financial information in U.S. dollars in accordance with GAAP, with foreign currency exchange rate fluctuations significantly affecting reported operating results[40] - Constant currency financial information is presented as a non-GAAP measure to assess business performance excluding foreign currency translation effects[40] - Operating results for the current year are translated into U.S. dollars at the average exchange rates of the comparable prior year period for constant currency calculations[41] - Constant currency performance measures should be viewed in addition to GAAP operating performance measures, not as a substitute[42]

Core Viewpoint - V.F. Corporation is expected to report a strong quarter, with CEO Bracken Darrell's recent stock purchases indicating confidence in the company's performance [1]. Company Overview - V.F. Corporation designs and markets branded apparel, footwear, and accessories across outdoor, active, and work categories, with well-known brands such as The North Face, Vans, Timberland, and Dickies [2]. - The company has faced challenges in the apparel sector but is showing signs of recovery under the leadership of CEO Bracken Darrell, who was brought in two years ago to turn the company around [2]. Recent Performance - The company reported a "magnificent quarter," leading to a stock increase of at least 3% on the day of the announcement, although it had been higher earlier in the day [2]. - The stock had previously struggled, being described as a "real dog" for a long time, but recent developments suggest a positive turnaround [2].

Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (VFC) for allegedly making materially false and misleading statements regarding its turnaround plans and the Vans brand's revenue growth trajectory [3][7]. Allegation Details - The lawsuit claims that VFC's management provided overly positive statements about the company's turnaround plans while failing to disclose significant adverse facts [3]. - It is alleged that additional reset actions were necessary for the Vans brand to return to growth, which were not communicated to investors [3]. - The setbacks in revenue growth for Vans were not mentioned in public commentary regarding the Reinvent initiative or the Vans turnaround progress [3]. - As a result, the statements made by VFC about its business and prospects were misleading, leading shareholders to purchase securities at inflated prices [3]. Next Steps - Investors who purchased VFC shares between October 30, 2023, and May 20, 2025, and suffered losses are encouraged to contact the law firm for more information and to discuss their rights [4][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 11, 2025 [7].

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: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4] - The firm has secured significant settlements for investors, including over $438 million in 2019, and has been consistently ranked among the top firms for securities class action settlements [4]

Accessibility StatementSkip Navigation NEW YORK, Oct. 24, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in V.F. Corporation ("V.F. Corporation" or the "Company") (NYSE: VFC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of V.F. Corporation investors who were adversely affected by alleged securities fraud between October 30, 2023 and May 20, 2025. Follow the link below to get more information and be contacted by a member of our team: htt ...

Core Insights - V.F. Corporation (VFC) is expected to report year-over-year declines in both revenue and earnings for the second quarter of fiscal 2026, with revenues estimated at $2.73 billion, reflecting a 1% decrease from the previous year [1][9] - The consensus estimate for earnings is 42 cents per share, indicating a significant drop of approximately 30% compared to the same quarter last year [2][9] Revenue and Earnings Expectations - The anticipated revenue decline is attributed to brand-specific and structural challenges, with management forecasting a 2-4% decrease in revenues on a constant currency basis [3][9] - The Americas region, particularly Vans and Timberland, is under pressure, with expected revenue declines of 6.3% and 2.5% respectively for the second quarter [3][9] Operational Challenges - The fiscal second quarter will reflect the impact of previous store closures, exits from value channels, and inventory reductions, which are part of a strategy to reset the brand for profitable growth [4] - Increased promotions, input cost inflation, and currency fluctuations are likely to have negatively affected profitability, particularly for Vans and Timberland [5][9] Management Guidance - Management anticipates operating income between $260 million and $290 million, with gross margins expected to remain flat due to fewer discounts and healthy inventory levels [6] - Selling, General and Administrative (SG&A) expenses are projected to increase slightly year-over-year due to higher marketing investments and foreign currency headwinds [6] Strategic Initiatives - The company's transformation program, "Reinvent," aims to enhance brand focus and improve operational performance, with ongoing investments in digital and supply-chain capabilities [7] Valuation Metrics - VFC stock is currently trading at a forward price/earnings ratio of 16.92, which is lower than the industry average of 17.17 and significantly below its previous high of 32.49 [10] - Over the past three months, VFC shares have increased by 20.6%, while the industry has seen a growth of 62.9% [10]

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 bought V.F. Corporation securities between October 30, 2023, and May 20, 2025, may be eligible for 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 contacting Rosen 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 - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in this area [4]. - The firm has achieved significant settlements for investors, including over $438 million in 2019 alone, and has been recognized as a leader in securities class action settlements [4]. Group 3: Case Specifics - The lawsuit claims that V.F. Corporation's management concealed necessary actions that would impact the growth trajectory of the Vans brand, leading to investor damages when the truth was revealed [5].