VFC
VF Corporation
Q1 2026 Report
VF Corporation (VFC) Q1 2026 Financial Results: Transformation on Track Amidst Tariff Headwinds...
Read full report
Executive Summary
VF Corporation's (VFC) financial performance for Q4 2025 showcased a revenue downturn of 3% year-over-year, in line with guidance expectations, primarily attributed to strategic restructuring initiatives targeted at enhancing long-term profitability. Notably, while Vans brand revenues suffered a significant decline of 20%, management indicated that better marketplace management and strategic actions would lead to improved performance in the future. Gross margin, however, improved by 560 basis points attributed to lower material costs, reduced promotional activity, and a more favorable inventory quality. Overall, efforts to execute the 'Reinvent' program are yielding positive outcomes, particularly in operating income, which saw an increase of 400 basis points year-over-year. Looking ahead, management remains optimistic about achieving targeted leverage ratios, with net debt reducing significantly by 26%.
Key Performance Indicators
Revenue
2.14B
QoQ: -24.35% | YoY:12.40%
Gross Profit
1.14B
53.36% margin
QoQ: -28.29% | YoY:-40.02%
Operating Income
-72.89M
QoQ: -132.28% | YoY:75.50%
Net Income
-150.79M
QoQ: -189.87% | YoY:49.32%
EPS
-0.39
QoQ: -190.70% | YoY:99.89%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $2.14 billion, down 3% year-over-year.
- **Gross Profit**: $1.14 billion, with a gross profit margin of 53.4%.
- **Operating Income**: -$72.89 million, improved from prior year by 400 basis points.
- **Net Income**: -$150.79 million.
- **Earnings Per Share (EPS)**: -$0.39.