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Mar 29
VF Corp Q4 2025 Earnings Report
VF Corp reported a net loss in Q4 2025 but beat adjusted operating income expectations.
Key Takeaways
VF Corp's Q4 2025 performance showed significant cost discipline and debt reduction efforts, despite a year-over-year revenue decline and continued challenges in key brands like Vans and Dickies.
Revenue reached $2.14 billion, in line with guidance.
Net loss for the quarter was $150.8 million.
Adjusted EPS came in at $0.13, while GAAP EPS was ($0.39).
Debt was reduced by $1.8 billion, improving leverage significantly.
VF Corp
VF Corp
VF Corp Revenue by Segment
Revenue by Segment
Outdoor segment Revenue
CapyFin.comActive segment Revenue
CapyFin.com Forward Guidance
VF expects Q1 2026 revenue to decline 3–5% YoY and projects an adjusted operating loss between $110–125 million.
Positive Outlook
- Adjusted operating income expected to increase for FY'26.
- Free cash flow projected to improve from $313 million in FY'25.
- Adjusted gross margin expected to rise due to lower discounting.
- SG&A costs projected to remain flat or decrease.
- Ongoing Reinvent program continues to yield cost savings.
Challenges Ahead
- Q1 revenue guidance reflects up to 5% decline YoY.
- Adjusted operating loss expected in Q1 2026.
- APAC and Americas continue facing soft consumer demand.
- Vans brand performance remains under pressure.
- Wholesale and digital channels report continued weakness.
Revenue & Expenses
Visualization of income flow from segment revenue to net income