V.F. Corporation (VFC) SEC Filings & Earnings Calls

Vans Brand Revenue Decline

“Vans ® brand global revenues decreased 8% in the three months ended June 2026 compared to the 2025 period, including a 1% favorable impact from foreign currency.”

Tariff Exposure

“VF paid tariffs totaling $149.7 million imposed under IEEPA, and on February 20, 2026 the U.S. Supreme Court ruled that these tariffs were deemed invalid.” · word for word

Securities Class Action Lawsuit

“On September 12, 2025 and November 6, 2025, putative securities class action complaints naming VF and certain of its current and former directors and officers were filed in the U.S. District Court for the District of Colorado.” · word for word

High Leverage

“Net debt to total capital 70.8% 69.2% 80.5%” · word for word

Geopolitical Uncertainty

“The conflict in the Middle East, which began during the fourth quarter of Fiscal 2026, has contributed to heightened geopolitical uncertainty, including impacts to global supply chains and increased fuel and oil costs.” · word for word

Vans wholesale declines continue to weigh on overall performance.

“Vans (8%) vs. LY or (9%) C$, with continued growth in Americas DTC, more than offset by Wholesale declines.” · word for word

CFO transition introduces execution risk.

“CFO transition with Paul Vogel departing and Abhishek Dalmia appointed.”

Vans brand turnaround risk

“Vans ® revenue was down 9% (down 11% in constant dollars)” · word for word

Macroeconomic and tariff uncertainty

“global trade and tariff uncertainty” · word for word

Tariff Exposure

“VF paid tariffs totaling $149.7 million imposed under IEEPA... The duration and scope of the tariffs are difficult to predict, along with the extent to which VF will be able to offset the impact through our mitigation efforts.” · word for word

Active Segment Weakness

“Active segment revenues decreased 7% to $2.7 billion compared to the year ended March 2025, including a 2% favorable impact from foreign currency.” · word for word

Pension Settlement Charges

“Other income (expense), net in Fiscal 2026 included non-cash pension settlement charges of $192.1 million related to the termination of the U.S. qualified plan and $25.1 million of excise taxes related to the termination.” · word for word

Vans brand still declining (-1% overall) though Americas DTC returned to growth; tariff and restructuring costs may impact margins.

“Vans (1%) vs. LY or (5%) C$; Normalized for tariff receivable and offsetting charges, including restructuring costs” · word for word

Vans brand still declining (-8% reported, -10% C$)

“Vans® (8%) vs. LY or (10%) C$” · word for word

Tariff Exposure on Gross Margin

“In Fiscal 2026, VF began paying reciprocal tariffs on product imported into the U.S. and, due to the timing of implementation of the mitigation strategies, gross margin was negatively impacted (though not materially) in the third quarter of Fiscal 2026 and VF expects that will continue in the fourth quarter of Fiscal 2026.” · word for word

Napapijri Goodwill Impairment Risk

“VF recorded a goodwill impairment charge of $30.7 million related to the Napapijri reporting unit in the three and nine months ended December 2025. During the third quarter of Fiscal 2026, due to a recent downward revision in the Napapijri forward-looking financial projections, the Company determined that a triggering event had occurred requiring impairment ”

Active Segment Continued Decline

“Active segment revenues decreased 6% to $671.8 million compared to the three months ended December 2024. Vans brand global revenues decreased 8% in the three months ended December 2025.”

Pension Settlement Charges

“Other income (expense), net also included non-cash pension settlement charges of $34.0 million in the three and nine months ended December 2025, respectively, related to lump-sum payments of retirement benefits due to the termination of the U.S. qualified plan. The termination of the plan is expected to be completed in Fiscal 2026 and VF currently estimates ” · word for word

Sale of Dickies reduces revenue base; ongoing Reinvent transformation costs; impairment charges in historical periods.

“The 'Adjustments' columns include certain expenses related to Reinvent (VF’s transformation program), impairment charges, and transaction and deal related activities” · word for word

Tariff exposure on U.S. imports

“VF has begun paying reciprocal tariffs on product imported into the U.S. and, due to the timing of implementation of the mitigation strategies, VF expects that gross margin will be negatively impacted (though not materially) throughout the second half of Fiscal 2026.” · word for word

Active segment continued decline

“Active segment revenues decreased 8% to $760.7 million compared to the three months ended September 2024.” · word for word

High effective tax rate

“The effective income tax rate for the six months ended September 2025 was 48.2% compared to 22.5% in the 2024 period.” · word for word

Dickies sale completion risk

“The sale, which is expected to close by the end of calendar year 2025, is subject to customary closing conditions, including obtaining necessary regulatory approvals.” · word for word

Dickies sale for $600M; brand portfolio simplification but loss of revenue stream.

“Announced the pending sale of Dickies for $600 million.” · word for word

Tariff impacts expected in FY2026 free cash flow guidance.

“FY'26 free cash flow up vs. LY, includes known and anticipated tariff impacts.” · word for word