V F CORP (VFC) Form 10-Q — Oct 28, 2026
VF Corp reported Q2 FY27 revenues of $2.70 billion, down 4% year over year including a 5% drag from the Dickies divestiture, with diluted EPS of $0.71 versus $0.48 a year ago. Profitability improved sharply: gross margin expanded 320 bps to 55.4%, operating margin rose to 13.7% from 11.2%, and net interest expense fell $22.5 million after the early redemption of $582.2 million of notes. Outdoor segment (The North Face, Timberland) grew revenue 4% with segment profit up 20%. The weak spot remains Vans, whose global revenues fell 10% in the quarter with wholesale down 18%.
Key figures
- Eps
- 0.71
- Revenue
- 2695132000
- Net Income
- 285251000
- Total Assets
- 9958121000
- Cash Position
- 442951000
- Shares Outstanding
- 393568481
- S p rating
- BB (positive outlook)
- Moody s rating
- Ba2 (stable outlook)
- Gross margin q2
- 55.4%
- Abl availability
- $1.47 billion
- Operating margin q2
- 13.7%
- Q2 fy26 diluted eps
- 0.48
- Six month net income
- 188099000
- Six month diluted eps
- 0.47
- Active segment revenue
- 700262000
- Vans revenue change q2
- -10%
- Gross margin yoy change
- +320 bps
- Outdoor segment revenue
- 1733182000
- Net debt to total capital
- 69.2%
- North face revenue change q2
- +4%
- Quarterly dividend per share
- 0.09
- Remaining buyback authorization
- $2.5 billion
AI analysis
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