VF (VFC) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 24, 2026

Before Open (Confirmed)

Period Ending

2027 (Q1)

Consensus EPS Forecast

-0.21

Last Year’s EPS

-0.24

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 11 Analysts Ratings

Earnings Call Summary

Q4 2026

Earnings Call Date:May 20, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed clear and measurable progress: return to revenue growth, meaningful gross margin and operating margin expansion, substantive deleveraging, strong brand-level momentum (The North Face, Altra, Timberland), and concrete operational improvements (faster product cycles, inventory discipline, AI/markdown analytics). Management also acknowledged near-term headwinds — Vans still contracting overall, EMEA softness, Q1 seasonality with a sizeable operating loss, and external risks from tariffs, oil-price-driven costs and the Middle East conflict. Overall the positives — durable margin expansion, balance sheet strengthening, and clear DTC-led recoveries — materially outweigh the near-term execution and macro headwinds.

Company Guidance

VF reinstated full‑year FY27 guidance calling for revenue growth of +1% to +2% in constant dollars and an approximate 8% operating margin for the year (vs. 7% in FY26), while reiterating the medium‑term targets of ≥55% gross margin, a ≤2.5x leverage ratio by FY28 and a 10% operating‑margin exit run‑rate in FY28; they expect Q1 to be down low‑single‑digits on revenue with Q1 operating income of roughly a $100M loss (≈$40M worse than prior year) but forecast improving trends through H2. Management flagged brand‑level assumptions including Vans improving to a mid‑single‑digit full‑year decline (vs. –11% in FY26), continued Americas DTC growth, and ongoing growth at The North Face, Timberland and Altra; they also baked in a ~+0.5ppt revenue benefit from a 53rd week and a ~‑1ppt revenue hit from the Middle East conflict. The plan assumes tariffs could be reinstated (modeled as an incremental ~$70–80M headwind to gross margin, with mitigation actions in place), calls for inventory to be up to support growth, a step‑up in CapEx of roughly +$100M YoY (Timberland store expansion a driver), and expects FY27 free cash flow to be flat‑to‑up versus normalized FY26 FCF of ~$405M (FY26 FCF including a $100M pension benefit was ~$505M) while exiting FY27 with leverage of ~2.6–2.9x.

Return to Top-Line Growth

Fiscal '26 revenue grew 1% for the full year (first year of growth in 3 years). Q4 revenue was $2.2 billion, up 3% year-over-year and above guidance (guided Q4 flat to +2%).

Gross Margin Expansion

FY '26 gross margin expanded to ~55.2% (Abhishek cited ~360 basis points improvement vs FY '24 including portfolio actions). Q4 gross margin was 56.4%, up ~240 basis points year-over-year (note: Q4 included a roughly $50M tariff receivable benefit).

Operating Margin and Profitability Progress

FY '26 adjusted operating margin reached 7% (management highlighted a ~220 bps expansion vs FY '24 including Dickies). Company reiterated medium-term target of a 10% exit run-rate operating margin in FY '28.

Balance Sheet Deleverage and Cash Flow Improvement

Net debt (excluding leases) was reduced materially (management cited a fall from $5.8B to $2.7B). Normalized free cash flow was $405M (excludes a one-time $100M pension termination benefit; total FCF including pension benefit was $505M), up ~$90M versus prior year.

Strong Brand-Level Performance — The North Face & Altra

The North Face grew 7% in Q4 with the Americas up ~16% and delivered five consecutive double-digit footwear growth quarters. Altra delivered exceptional momentum: Q4 revenue +45%, FY growth >30% with revenues surpassing $270M and management calling it a potential $1B+ brand over time.

Timberland Improvement and DTC Strength

Timberland grew 2% in Q4; DTC was up 8% driven by full-price stores. Management opened 11 full-price Timberland stores with strong early productivity and is resetting apparel to improve head-to-toe proposition.

Vans DTC Turnaround Signals

Vans Q4 was down 5% globally, but Americas DTC was a highlight: e-commerce turned positive in Q3 and Americas DTC grew ~5% in Q4. Management emphasized DTC as a leading indicator for broader wholesale recovery.

Operational Improvements — Speed, Inventory Discipline and Cost Savings

Speed-to-market improved (example: Vans pulled forward product cycles to ~77 days for certain launches). Inventories declined ~11% in constant currency; inventory days improved. Sustained SG&A savings exceeded $225M run-rate since FY '24 (ex-Dickies). Company is leveraging AI, improved markdown analytics and a faster commerce platform.

VF (VFC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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VFC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 24, 2026	2027 (Q1)	-0.21 / -	-0.24	―	―	―
May 20, 2026	2026 (Q4)	>-0.01 / 0.00	-0.13	―
Jan 28, 2026	2026 (Q3)	0.45 / 0.58	0.62	-6.45% (-0.04)
Sep 27, 2025	2026 (Q2)	0.42 / 0.52	0.6	-13.33% (-0.08)	―	―
Jul 30, 2025	2026 (Q1)	-0.34 / -0.24	-0.33	27.27% (+0.09)
May 21, 2025	2025 (Q4)	-0.14 / -0.13	-0.32	59.38% (+0.19)
Jan 29, 2025	2025 (Q3)	0.34 / 0.62	0.57	8.77% (+0.05)
Oct 28, 2024	2025 (Q2)	0.38 / 0.60	0.63	-4.76% (-0.03)
Aug 06, 2024	2025 (Q1)	-0.37 / -0.33	-0.15	-120.00% (-0.18)
May 22, 2024	2024 (Q4)	0.02 / -0.32	0.17	-288.24% (-0.49)

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
May 20, 2026	$16.74	$16.21	-3.17%
Jan 28, 2026	$20.17	$19.01	-5.77%
Jul 30, 2025	$12.20	$12.52	+2.58%
May 21, 2025	$14.10	$11.87	-15.80%

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.