VFC
VF Corporation
Q1 2026 Report
VF Corporation (VFC) Q1 2026 Financial Results: Transformation on Track Amidst Tariff Headwinds...
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Executive Summary
VF Corporation (VFC) reported its Q2 2025 results with total revenues at $2.76 billion, representing an improvement of 6% year-over-year, with ongoing cost control measures producing $65 million in savings for the quarter. Despite a 6% decline from the previous year, steady progress in reducing the revenue decline rate, particularly at Vans, demonstrates positive momentum. Management indicates that the ongoing transformation efforts are beginning to bear fruit, especially with significant operational changes implemented over the past year. As part of this effort, VF aimed to re-evaluate and enhance its brand strategy particularly around Vans, while also focusing on maintaining a healthy balance sheet amidst industry volatility.
Key Performance Indicators
Revenue
2.76B
QoQ: 44.60% | YoY:148 456.54%
Gross Profit
1.44B
52.23% margin
QoQ: 45.21% | YoY:77 590.96%
Operating Income
273.90M
QoQ: 214.18% | YoY:12 739.73%
Net Income
52.18M
QoQ: 120.15% | YoY:2 507.84%
EPS
0.13
QoQ: 119.40% | YoY:113.00%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $2.76 billion (down 6% YoY, but improving from a decline of 10% in Q1 2025)
- **Gross Profit:** $1.44 billion, yielding a gross margin of 52.2% (up 120 basis points YoY)
- **Operating Income:** $315 million (operating margin at 11.4%, down 60 basis points YoY)
- **Net Income:** $52.2 million; EPS at $0.13 (down $0.03 YoY)
- **Cash and Cash Equivalents:** $492 million