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VF (VFC)
NYSE:VFC
Earnings Data
Report Date
May 15, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.13Same Quarter Last Year
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive and improving operational picture: the company returned to revenue growth in Q3, showed margin expansion, strong free cash flow generation, and substantial debt reduction. Several core brands (The North Face, Timberland, Altra) delivered robust results while DTC/e-commerce momentum and marketing/product initiatives signal durable recovery. Offsets include continued weakness at Vans (especially physical store traffic), regional softness in APAC and EMEA, tariff headwinds (~$40M in Q3; ~$100M YTD), a modest Q4 operating income guide, and a small YoY EPS decline. On balance the positive operational progress, debt reduction, and reiterated multi-year targets outweigh the near-term challenges.Company Guidance
Quarterly Revenue Growth and Beat
Q3 revenue was $2.8 billion, up 2% year-over-year on a constant dollar basis and above guidance (guidance was down 1% to down 3%). Over 75% of the business grew by revenue; excluding Vans and Dickies, revenue was up 5%.
Direct-to-Consumer (DTC) Recovery
DTC returned to growth in Q3, up 3%, driven by the U.S. and especially e-commerce — the first positive DTC quarter in a couple of years, contributing materially to the quarter’s outperformance.
Strong Americas Performance
The Americas region delivered a strong quarter, up 6% overall. The North Face grew 15% in The Americas and Timberland was up 9% in The Americas, driving much of the company’s improvement.
Brand-Level Momentum (The North Face, Timberland, Altra)
The North Face: revenue up 5% globally (all categories up; double-digit footwear and Summit Series growth), strong flagship New York store launch. Timberland: revenue up 5% globally with product drivers (six-inch premium boot, boat shoe). Altra: revenue up 23% and on track to exceed $250 million in FY26 with clear runway for further growth.
Margin and Profit Progress
Adjusted gross margin improved ~10 basis points year-over-year in Q3; adjusted operating margin was 12.1%, up 30 basis points year-over-year. Q3 operating income reported at $341 million (stronger than anticipated).
Debt Reduction and Cash Flow
Reported net debt (excluding leases) was down almost $600 million versus last year (nearly 20% reduction); reported net debt including leases down ~ $500 million (~11%). Free cash flow through Q3 was $513 million, broadly flat to last year despite tariff headwinds.
Fiscal Year Targets and Outlook
Management reiterated FY26 targets: annual revenue flat to up, gross margin of 54.5% or better (within reach of the FY28 55% target), operating margin of at least 6.5%, operating and free cash flow up year-over-year, and leverage targeted at 3.5x or lower by year-end.
Tactical Wins and Marketing Momentum
Notable marketing/product wins included an impactful social-first strategy, strong early performance of large flagship (TNF NYC 5th Ave), fast collaboration-to-shelf execution (Vans Demon Hunters in 10 weeks), celebrity/artistic director engagement for Vans (SZA), and continued external recognition for The North Face (design/innovation awards).
VFC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $20.28 | $19.11 | -5.77% |
Jul 30, 2025 | $12.27 | $12.58 | +2.58% |
May 21, 2025 | $14.18 | $11.94 | -15.80% |
Jan 29, 2025 | $26.00 | $24.99 | -3.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does VF (VFC) report earnings?
VF (VFC) is schdueled to report earning on May 15, 2026, Before Open (Confirmed).
What is VF (VFC) earnings time?
VF (VFC) earnings time is at May 15, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VFC EPS forecast?
VFC EPS forecast for the fiscal quarter 2026 (Q4) is >-0.01.
