V F CORP (VFC) Form 8-K — Oct 28, 2026
V.F. Corporation beat its Q2 FY2027 guidance, reporting revenue of $2.70 billion (-4% reported, +1% constant-dollar ex-Dickies) and adjusted operating income of $364M versus guidance of ~$315M. Diluted EPS rose 48% to $0.71 from $0.48, with operating margin up 250 bps to 13.7% and gross margin up 320 bps to 55.4%. Growth was driven by The North Face (+4%), Timberland (+4%), and Altra (+40%+), while Vans declined 10%, though management highlighted that Vans global DTC returned to growth for the first time in nearly five years.
Key figures
- Eps
- 0.71
- Revenue
- 2695132000
- Guidance
- FY'27: revenue +2% or better C$; adjusted OM ~8%; actual free cash flow $515M or higher; leverage 2.6x-2.9x
- Net Income
- 285251000
- Total Debt
- 3504366000
- Revenue Yoy
- -4% reported / +1% constant dollar ex-Dickies
- Total Assets
- 9958121000
- Cash Position
- 442951000
- Dividend
- $0.09/share payable Dec 17, 2026
- Adjusted oi
- $364M ex-Dickies vs ~$315M guidance
- Tnf revenue
- $1,207.3M, +4%
- Gross margin
- 55.4%, up 320 bps
- Vans revenue
- $547.6M, -10%
- Net debt change
- down $1.1B or -20% YoY
- Net inventories
- $1,984.4M, +7% YoY
- Operating margin
- 13.7% reported, up 250 bps
- Timberland revenue
- $525.9M, +4%
- Diluted eps prior year
- $0.48
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