VF Corp. VFC Q2 2026 Earnings Profits indicate turnaround progress being made as firm beats Wall Street estimates.
For the second quarter ended Sept. 27, VF posted net income of $189.8 million, or 48 cents a diluted share, versus net income of $52.2 million, or 13 cents, in the same year-ago period. Revenues rose 1.
6 percent to $2.80 billion from $2.76 billion. By channel, direct-to-consumer sales were down 1 percent to $909.9 million, while wholesale sales rose 3 percent to $1.89 billion. OTW by Vans Teams With Undercover for Sneaker Collection Featuring Art of Josep Baqué and Jun Takahashi,” VF CEO Bracken Darrell, said. “We also announced the pending sale of Dickies for $600 million, enhancing our capacity to invest in the portfolio and drive shareholder returns. Looking ahead, we will continue to focus on generating value across our brands and returning the company to sustainable and profitable growth.”The plans to sell its Dickies brand business to Bluestar Alliance LLC was disclosed on Sept. 15. The company plans to use the proceeds to pay down debt. It also expects that transaction to be accretive to VF’s growth rate on a projected basis. As a further indication of progress, the company said operating income was $313 million, or $330 million on an adjusted basis, both above the guidance of between $260 million to $290 million. Operating margin for the quarter was 11.2 percent, or up 130 basis points from year-ago levels. Gross margin was 52.2 percent, flat from year-ago levels. The company also said it ended the quarter with net debt down $1.5 billion.was up 7 percent to $506.4 million, and for VF’s other brands, it was up 2 percent to $532.3 million. Other brands includes Altra, Icebreaker, Napapijri, Packs and Smartwool. In a company presentation, VF said performance apparel at The North Face brand was up in every region, while transitional outerwear and footwear was up double-digits in every region. At Vans, revenue showed sequential improvement as product newness drew in new customers, while at Timberland, which saw strong demand in the Americas driven by a strongseason. The shoe brand also saw strong demand for the 6-inch, Premium boot, led by the Americans and EMEA , as the boat shoe also grew in all regions. By region, sales in the Americas was down 1 percent to $1.34 billion, up 6 percent to $1.07 billion for EMEA and down 2 percent for APAC . For the six months, net income was $73.36 million, or 19 cents a diluted share, against a net loss of $206.71 million, or 53 cents, in the same year-ago period. Revenues rose 0.8 percent to $4.56 billion from $4.53 billion. Looking ahead, the company guided third quarter revenues to down 1 percent to down 3 percent, with adjusted operating income at between $275 million to $305 million.Guidance for the third quarter and the full fiscal year excludes contribution from the Dickies operation in current and prior years, while free and operating cash flow guidance on a reported basis included the expected impact from the sale of the Dickie’s business in the third quarter of Fiscal Year 2026.. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google WWD and Women's Wear Daily are part of Penske Media Corporation. © 2025 Fairchild Publishing, LLC. All Rights Reserved.
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