VF Corporation Exceeds Guidance in Second Quarter Fiscal 2027

VF Corporation (NYSE: VFC) has reported financial results for its second quarter (Q2'27) ended September 26, 2026 and reaffirmed its full year outlook. The Company's Board of Directors authorized a quarterly per share dividend of $0.09.

Bracken Darrell, President and CEO, said: "We drove strong results in the second quarter, ahead of guidance across key metrics, as a result of great product and solid execution. The North Face® and Timberland® continued to deliver consistent growth, and Altra® grew more than 40%, all powered by bold product design and innovation and brand storytelling that are resonating with our consumers. Our plan to reignite Vans® is working – global DTC is growing again for the first time in almost five years, and strong orders from Wholesale partners continue to give us confidence of a second half improvement. We are delivering sustainable and profitable growth on our path to achieve our full-year guidance and medium-term targets, as the upside potential in our business becomes even more evident."

Disclosed Q2'27 figures are shown on both reported and adjusted excluding Dickies® (“ex Dickies®”) bases

VF Q2’27 results ahead of guidance

• Revenue (4%) vs. LY

  • Revenue ex Dickies^® +1% vs. LY, ahead of guidance of flat C$ vs. LY

  • Global DTC continues to grow, +1% vs. LY or +3% C$ ex Dickies^®

  • Americas region remains strong, (2%) vs. LY or +5% C$ ex Dickies^®, reflecting sustained growth across channels

  • Continued momentum at The North Face^®, +4% vs. LY

  • Vans^® (9.8%) vs. LY; global DTC returned to growth, with Wholesale improvement expected in H2'27

  • Timberland^® +4% vs. LY, driven by continued strength in the Americas

• Operating income (OI) of $368M and operating margin (OM) of 13.7%, up 250 bps vs. LY

  • Adjusted OI ex Dickies^® of $364M, well above guidance of approximately $315M; adjusted OM ex Dickies^® of 13.5%, up 170 bps vs. LY

  • Gross margin (GM) of 55.4%, up 320 bps vs. LY; adjusted GM ex Dickies^® of 55.4%, up 290 bps vs. LY

• Net inventories up 7% vs. LY to support demand in H2'27

• Net debt down $1.1B or (20%) vs. LY

  • Net debt excluding lease liabilities down $1.1B or (26%) vs. LY

Affirming FY'27 guidance

• Revenue +2% or better C$ vs. LY¹

• Adjusted OM of approximately 8%

• Normalized² free cash flow flat to up vs. LY of $405M; actual free cash flow to be $515M or higher

• FYE'27 leverage ratio of 2.6x to 2.9x

Dividend Declared

VF’s Board of Directors declared a quarterly dividend of $0.09 per share. This dividend will be payable on December 17, 2026, to shareholders of record at the close of business on December 10, 2026.