Companies

VF Corp posts first quarter results above guidance

Aug 14, 2025 United States

The parent company of the brands The North Face, Vans and Timberland has reported first quarter revenue and profitability that exceed its own guidance as it continues to pursue its transformation strategy

“We performed ahead of our expectations and guidance in Q1’26, improving our top-line trend versus last year to flat (-2% C$) while delivering a much stronger bottom line. The North Face and Timberland sustained their positive momentum while Altra grew strongly. Vans was impacted by channel rationalization actions, as we strengthen the business to return to healthy, sustainable growth”, commented Bracken Darrell, President and CEO of VF Corp.

First Quarter Results

In the first quarter of fiscal 2026, the company’s revenue remained flat at 1.8 billion US dollars, which is also a 2% decrease on a currency-adjusted basis, as compared to the same period of the last fiscal year. Excluding Vans, total revenue increased by 6% or 5% on a currency-adjusted basis.

During this period, Vans recorded a year-on-year decline of 14%, or 15% on a currency-adjusted basis, due to channel rationalisation actions. However, the company noted that the brands The North Face and Timberland are performing well.

In the three months to the 28^th of June, VF reported an operating loss of 87 million US dollars, on a comparable basis to an operating loss of 123 million US dollars in the same period of 2025 fiscal year. At the same time, the adjusted operating loss was significantly better than the company’s guidance of between 125 and 110 million US dollars, coming in at 56 million US dollars.

In the first quarter of the current fiscal year, the company posted an earnings loss per share of 0.30 US dollars, as compared to an earnings loss per share of 0.39 US dollars, and an adjusted earnings loss per share of 0.24 US dollars, as compared to an earnings loss per share of 0.35 US dollars in the first quarter of the previous fiscal year.

At the end of this period, VF Corp reported a 20% reduction in net debt, bringing it down to 1.4 billion US dollars, as compared to the same period last year.

“As I pass the two-year mark in my role as CEO, we are on track with VF’s transformation. We are lowering costs, improving margins, reducing debt and transforming the organization. We have reset the table and soon will move to growth”, added Darrell.

Image Credits: newsroom.timberland.com

United States Companies Footwear Quarter Results Results Timberland Vans VF Corp