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Dec 27, 2025
VF Corp Q3 2026 Earnings Report
VF Corporation delivered revenue growth and improved profitability in Q3 FY26, driven by strength in The North Face and Timberland brands.
Key Takeaways
VF Corp outperformed its guidance in Q3 FY26 with higher revenue and operating income, margin expansion, and a return to growth in its direct-to-consumer channel.
Revenue reached $2.88 billion, up 1% YoY on a reported basis
Adjusted EPS was $0.58, down slightly from $0.61 YoY
Operating income rose to $289 million from $226 million YoY
The North Face and Timberland showed strong brand performance with continued growth
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
VF Corp expects flat to modest growth in revenue for Q4 FY26, with improved operating income and continued progress on leverage targets.
Positive Outlook
- Q4 revenue expected to be flat to +2% in constant dollars
- Adjusted operating income guidance of $10M to $30M
- Full-year adjusted operating income projected to be up vs. LY
- Free and operating cash flow both expected to be higher YoY
- Leverage expected to improve to 3.5x or lower by fiscal year end
Challenges Ahead
- Vans brand continued to decline in Q3
- Currency headwinds impacted constant dollar revenue growth
- EPS down YoY on an adjusted basis
- Dickies sale may affect reported comparisons
- Challenging macro environment continues to pressure some segments
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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