VF Corporation reported a slight increase in revenue for the third quarter of fiscal 2026, reaching $2.88 billion, up 1% from $2.83 billion in the same period last year. The growth was bolstered by a favorable foreign currency impact of 2%. The Outdoor segment saw an 8% increase in revenue to $1.93 billion, while the Active segment experienced a decline of 6% to $671.8 million. The company attributed the overall revenue growth to strong performance in the Americas and Europe regions, despite a decrease in the Asia-Pacific region.
In terms of profitability, VF Corporation reported net income of $300.8 million, or $0.76 per diluted share, compared to $167.8 million, or $0.43 per diluted share, in the prior year. This increase in earnings was primarily driven by a pre-tax gain of $139.1 million from the sale of the Dickies brand, completed on November 12, 2025. The company also recorded a goodwill impairment charge of $30.7 million related to the Napapijri reporting unit during the quarter.
Operationally, VF Corporation's total assets increased to $10.43 billion as of December 2025, up from $9.38 billion in March 2025. The company reported a significant increase in cash and cash equivalents, which rose to $1.47 billion from $429.4 million in March 2025. The total stockholders' equity also improved to $1.78 billion, compared to $1.49 billion in the previous quarter. The company’s employee headcount remained stable, with no significant changes reported.
Strategically, VF Corporation has been focusing on its Reinvent transformation program, aimed at enhancing brand-building and improving operational performance. The company has also realigned its reportable segments, combining the Timberland and Timberland PRO brands into the Outdoor segment. The divestiture of the Dickies brand is part of a broader strategy to streamline operations and focus on core brands. Looking ahead, VF Corporation anticipates continued challenges from tariffs and market conditions but remains committed to its growth strategies and improving profitability.
About V F CORP
VF Corporation is a global apparel, footwear, and accessories company owning brands like The North Face, Vans, Timberland, and Dickies. It offers performance, outdoor, active, and workwear products through wholesale and direct-to-consumer channels, including retail stores and e-commerce. Focused on innovation, sustainability, and brand strength, VF serves diverse markets worldwide with a competitive edge in lifestyle and performance segments.
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