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Mar 29, 2025
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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