Earnings Releases·Oct 28, 2026, 6:02 AM ET

VF Corporation — Second Quarter Fiscal 2027 Earnings Summary

Q2'27 revenue declined 4% year-over-year to $2,695.1 million (up 1% constant currency excluding Dickies), while operating margin expanded 250 basis points to 13.7% and adjusted operating income significantly exceeded guidance.
Full-year Fiscal 2027 guidance remains unchanged, projecting +2% or better constant currency revenue growth, an 8% adjusted operating margin, and free cash flow of $515 million or higher.
Brand performance was mixed: The North Face and Timberland grew 4% each, Altra surged over 40%, and Vans declined 9.8% despite a return to growth in global Direct-to-Consumer channels.
Net debt decreased $1.1 billion (20%) year-over-year, and the Board authorized a quarterly dividend of $0.09 per share; the company also completed the sale of the Dickies brand in November 2025.