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's Q3 2025 results showcased a solid revenue growth of 2% year-over-year, reaching $2.83 billion, driven by an impressive performance from brands like North Face and Timberland. The management emphasized a significant improvement in profitability, evident in net income soaring by 140% to $168 million and operating income rising to $226 million, reflecting operational efficiency and strategic cost control initiatives. VF's ongoing transformation is yielding measurable results, with gross margins increasing by 150 basis points and operating margins up 360 basis points to over 11%. Overall, management expressed optimism regarding the second half of the year, despite anticipating a slight deceleration in Q4, and reiterated their commitment to achieving long-term sustainable growth and enhancing shareholder value.
Key Performance Indicators
Revenue
2.83B
QoQ: 2.75% | YoY:19.14%
Gross Profit
1.60B
56.29% margin
QoQ: 10.73% | YoY:38.39%
Operating Income
225.78M
QoQ: -17.57% | YoY:163.46%
Net Income
167.78M
QoQ: 221.55% | YoY:140.11%
EPS
0.43
QoQ: 230.77% | YoY:139.81%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $2.83 billion (YoY: +2%, QoQ: N/A)
- **Gross Profit**: $1.60 billion
- **Gross Profit Margin**: 56.3% (YoY: +150 bps)
- **Operating Income**: $226 million (YoY: 163.5%)
- **Operating Margin**: 8.0% (YoY: +360 bps)