VF Corp Posts 1% Revenue Gain, 280bps Margin Expansion and 1-2% Outlook
VF Corp’s FY26 revenues rose to $9.6B from $9.5B and net income reached $254M as operating margin expanded 280bps to 6%. Fourth-quarter sales climbed 1% to $2.2B and management set FY27 growth guidance of 1-2% after adjusted EPS broke even.
1. Full-Year Financial Performance
VF Corp closed fiscal 2026 with revenues of $9.6 billion, up from $9.5 billion a year earlier, while net income reached $254 million. The operating margin improved by 280 basis points to 6%, marking the first annual growth since management initiated its turnaround strategy.
2. Fourth-Quarter Results and Adjusted Earnings
In Q4, VF Corp generated $2.2 billion in revenue, a 1% increase year-over-year, and reported a net loss of $119.3 million. On an adjusted basis, the company broke even per share, outperforming analysts’ expectations of a one-cent loss.
3. Segment Sales Breakdown
Constant-currency fourth-quarter sales by division showed The North Face up 7% to $935 million, Vans down 5% to $486.6 million, and Timberland up 2% to $404.8 million. These mixed results reflect varying consumer demand across VF’s core brands.
4. Outlook and Turnaround Progress
CEO Bracken Darrell emphasized that the company is ‘above the waterline’ and set FY27 revenue growth guidance of 1-2%. Having led VF through nearly three years of restructuring, he aims to build sustainable mid- to high-single-digit growth through new product, marketing and distribution initiatives.