V F CORP

Listed Company

VFCCIK 0000103379NYSELarge AcceleratedMen'S & Boys' Furnishgs, Work Clothg, & Allied GarmentsPennsylvaniaFY ends Mar 28

Period

FY 2026

Revenue

$9.61B

Net Income

$254.92M

Total Assets

$9.29B

Equity

$1.85B

Shares Out

391.77M

Op. Cash Flow

$671.27M

Business

V F CORP is a portfolio company that designs, sources and markets outdoor, active and workwear brands focused on performance and elevated design. It offers apparel, footwear, equipment and accessories, and supports brands through direct-to-consumer operations, wholesale distribution and licensing arrangements. The Company organizes its business into three reportable segments—Outdoor, Active and Work—housing brands such as The North Face®, Vans®, Timberland® and Dickies®. VF markets and distributes products globally across the Americas, Europe and Asia‑Pacific through VF‑operated stores, e‑commerce, wholesale partners, concession locations and licensees.

Summary from filing dated 2025-05-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 28, 2026 2026-03-28	Mar 29, 2025 2025-03-29	Mar 30, 2024 2024-03-30
Revenues	9,605	9,505	9,916
Costs and operating expenses	—	—	—
Cost of goods sold	4,343	4,421	4,803
Selling, general and administrative expenses	4,654	4,691	4,749
Impairment of goodwill and intangible assets	31	89	508
Total costs and operating expenses	9,029	9,201	10,060
Operating income (loss)	577	304	−144
Interest income	18	25	20
Interest expense	167	174	186
Other income (expense), net	−87	−9	25
Income (loss) from continuing operations before income taxes	341	145	−285
Income tax expense	86	76	734
Income (loss) from continuing operations	255	69	−1,018
Income (loss) from discontinued operations, net of tax	0	−259	50
Net income (loss)	255	−190	−969
Earnings (loss) per common share - basic	—	—	—
Continuing operations (in USD per share)	0.65	0.18	−2.62
Discontinued operations (in USD per share)	0	−0.67	0.13
Total earnings (loss) per common share - basic (in USD per share)	0.65	−0.49	−2.49
Earnings (loss) per common share - diluted	—	—	—
Continuing operations (in USD per share)	0.64	0.18	−2.62
Discontinued operations (in USD per share)	0	−0.66	0.13
Total earnings (loss) per common share - diluted (in USD per share)	0.64	−0.48	−2.49
Weighted average shares outstanding	—	—	—
Basic (in shares)	391	389	388
Diluted (in shares)	396	393	388

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 28, 2026 2026-03-28	Mar 29, 2025 2025-03-29
ASSETS	—	—
Current assets	—	—
Cash and cash equivalents	824	429
Accounts receivable, less allowance for doubtful accounts of: March 2026 - $23,964; March 2025 - $31,853	1,428	1,322
Inventories	1,371	1,627
Other current assets	386	408
Total current assets	4,010	3,786
Property, plant and equipment, net	675	721
Intangible assets, net	1,468	1,711
Goodwill	588	603
Operating lease right-of-use assets	1,321	1,262
Other assets	1,230	1,294
TOTAL ASSETS	9,290	9,378
LIABILITIES AND STOCKHOLDERS’ EQUITY	—	—
Current liabilities	—	—
Short-term borrowings	10	12
Current portion of long-term debt	0	541
Accounts payable	826	790
Current portion of operating lease liabilities	333	309
Accrued liabilities	1,011	1,047
Total current liabilities	2,181	2,698
Long-term debt	3,520	3,426
Long-term portion of operating lease liabilities	1,120	1,079
Other liabilities	619	687
Total liabilities	7,440	7,890
Commitments and contingencies	—	—
Stockholders' equity	—	—
Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at March 2026 or March 2025	0	0
Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at March 2026 - 391,515,399; March 2025 - 389,695,199	98	97
Additional paid-in capital	3,488	3,541
Accumulated other comprehensive loss	−807	−978
Accumulated deficit	−929	−1,173
Total stockholders’ equity	1,850	1,487
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	9,290	9,378

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 28, 2026 2026-03-28	Mar 29, 2025 2025-03-29	Mar 30, 2024 2024-03-30
OPERATING ACTIVITIES	—	—	—
Net income (loss)	255	−190	−969
Income (loss) from discontinued operations, net of tax	0	−259	50
Income (loss) from continuing operations, net of tax	255	69	−1,018
Adjustments to reconcile net income (loss) to cash provided by operating activities:	—	—	—
Impairment of goodwill and intangible assets	31	89	508
Depreciation, amortization and other asset write-downs	281	260	308
Reduction in the carrying amount of right-of-use assets	355	352	380
Stock-based compensation	77	73	58
Provision for doubtful accounts	9	15	11
Pension expense in excess of (less than) contributions	188	−1	−18
Pension termination asset reversion, net	125	0	0
Deferred income taxes	42	89	384
Write-off of income tax receivables and interest	0	0	921
Gain on sale of business	127	0	0
Other, net	−9	10	2
Changes in operating assets and liabilities:	—	—	—
Accounts receivable	167	101	−324
Inventories	−174	−54	−521
Accounts payable	27	−2	−112
Income taxes	−47	9	−156
Accrued liabilities	−86	49	28
Operating lease right-of-use assets and liabilities	350	354	374
Other assets and liabilities	40	−24	108
Cash provided by operating activities - continuing operations	671	438	885
Cash provided by operating activities - discontinued operations	0	27	130
Cash provided by operating activities	671	465	1,015
INVESTING ACTIVITIES	—	—	—
Proceeds from sale of businesses, net of cash sold	601	1,506	0
Proceeds from sale of assets	868,000	88	27
Capital expenditures	115	86	136
Software purchases	51	40	61
Other, net	28	36	−12
Cash provided (used) by investing activities - continuing operations	407	1,433	−159
Cash used by investing activities - discontinued operations	0	−4	−14
Cash provided (used) by investing activities	407	1,428	−172
FINANCING ACTIVITIES	—	—	—
Net increase (decrease) in short-term borrowings	−2	−252	255
Payments on long-term debt	583	1,751	908
Payment of debt issuance costs	13	0	576,000
Cash dividends paid	141	140	303
Proceeds from issuance of Common Stock, net of (payments) for tax withholdings	699,000	−3	−3
Cash used by financing activities	−738	−2,146	−960
Effect of foreign currency rate changes on cash, cash equivalents and restricted cash	60	7	−22
Net change in cash, cash equivalents and restricted cash	401	−245	−139
Total cash, cash equivalents and restricted cash	—	—	—
Total cash, cash equivalents and restricted cash	—	—	—
Balances per Consolidated Balance Sheets:	—	—	—
Cash and cash equivalents	—	—	—
Other current assets	—	—	—
Current and other assets of discontinued operations	—	—	—
Other assets	—	—	—
Total cash, cash equivalents and restricted cash	—	—	—

Filings

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