VF Corp. reports Q1 adjusted EPS (24c), consensus (34c)

Reports Q1 revenue $1.766B, consensus $1.7B. Bracken Darrell, President and CEO, said: “We performed ahead of our expectations and guidance in Q1’26, improving our top-line trend versus last year to flat while delivering a much stronger bottom line. The North Face(R) and Timberland(R) sustained their positive momentum while Altra grew strongly. Vans was impacted by channel rationalization actions, as we strengthen the business to return to healthy, sustainable growth. As I pass the two-year mark in my role as CEO, we are on track with VF’s transformation. We are lowering costs, improving margins, reducing debt and transforming the organization. We have reset the table and soon will move to growth. That is what we are all here for and what the entire organization is now focused on.”