**VF Corporation Reports Fiscal Year 2026 Results**
VF Corporation (VFC) released its 10-K filing, reporting a 1% increase in revenue for fiscal year 2026, reaching $9.6 billion, compared to $9.5 billion in fiscal year 2025. This includes a 3% positive impact from foreign currency fluctuations. The company's gross margin improved by 130 basis points to 54.8%, driven by higher quality inventory, lower product costs, increased pricing, and favorable foreign currency impacts.
The Outdoor segment experienced an 8% revenue increase, totaling $5.7 billion, while the Active segment saw a 7% decrease, falling to $2.7 billion. Wholesale revenue increased by 1%, and direct-to-consumer revenue increased by 2%. International revenue also increased by 2%, with a 5% positive impact from foreign currency. Revenue in the Americas remained flat year-over-year.
Earnings per share (EPS) for fiscal year 2026 were reported at $0.64, a significant increase from $0.18 in the previous fiscal year. This improvement was primarily attributed to a $127.2 million gain from the Dickies divestiture, reduced restructuring charges related to the Reinvent transformation program, and lower impairment charges. These gains were partially offset by $217.2 million in pension settlement charges and excise taxes associated with the termination of the U.S. qualified pension plan.
VF Corporation is focused on its transformation strategy, aiming to strengthen its balance sheet, expand margins, and return to growth. The company reduced long-term debt by $2.2 billion over the past two fiscal years through cost discipline, working capital improvements, and proceeds from the sales of Supreme and Dickies. Margin expansion initiatives include strengthening the product creation engine, implementing AI-powered inventory planning, and streamlining processes. The company is also reinvesting a portion of cost savings into marketing, shifting towards a digital-led strategy.
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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View the complete official filing on the SEC website.
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