VF Corporation Reports $1.67 Billion Revenue in Q1 FY 2027, Net Loss Improves

VF Corporation reported a revenue of $1.67 billion for the first quarter of fiscal year 2027, a decrease of 5% compared to $1.76 billion in the same period last year. The decline was attributed to a 6% unfavorable impact from the divestiture of the Dickies brand, which was sold in November 2025, and a 3% organic revenue decrease. The Outdoor segment saw a 5% increase in revenues to $857 million, while the Active segment experienced a 5% decline to $667 million. The company reported a net loss of $97.2 million, or $(0.25) per share, an improvement from a net loss of $116.4 million, or $(0.30) per share, in the prior year.

In terms of operational metrics, VF's gross margin improved by 100 basis points to 54.9%, primarily due to the divestiture of Dickies, tactical price increases, and lower product costs. Selling, general, and administrative expenses decreased by $35.5 million, reflecting lower restructuring charges related to the company's transformation program, "Reinvent." The company also reported a decrease in net interest expense, which fell by $16.5 million due to the early redemption of €500 million in senior notes and lower short-term borrowings.

VF's total assets as of June 2026 were $9.46 billion, a slight increase from $9.29 billion in March 2026, while total liabilities rose to $7.70 billion from $7.44 billion. The company’s cash and cash equivalents decreased to $670.1 million from $823.9 million in the previous quarter. The increase in current liabilities was primarily due to the reclassification of $500 million of long-term debt to current liabilities, while accounts payable rose due to seasonal inventory purchases.

Looking ahead, VF Corporation remains cautious about the macroeconomic environment, particularly in light of geopolitical tensions and their potential impact on consumer spending and supply chains. The company continues to monitor the evolving situation and its effects on operations. Additionally, VF plans to focus on reducing leverage and reinvesting in growth initiatives, with a commitment to maintaining its quarterly dividend of $0.09 per share. The company’s strategic priorities include enhancing brand-building efforts and improving operational performance to achieve sustainable growth.