VF Corporation Hits Stride in Q4 2026, Exceeds Expectations and Strengthens Financial Position

VF Corporation, a leading global lifestyle company, has reported strong results for its fourth quarter and full-year fiscal 2026 earnings call. The company exceeded expectations and demonstrated significant progress towards transforming its business.

In his prepared remarks, VF's President and Chief Executive Officer, Bracken Darrell, emphasized that the company finished this year strong, exceeding its fourth-quarter guide, and returned to sales growth for the first time in three years. The company also expanded operating margins to 7% in fiscal year 2026, a significant improvement over the 4.8% reported in fiscal 2024.

"We're very confident in our ability to drive strong performance and shareholder value in the years ahead," Darrell said during the call.

VF's revenue grew 3% versus last year, with a standout performance from The North Face brand, which grew 7%. This growth was driven by broad-based growth across categories and stellar performance in the Americas, up 16%. The company also highlighted its investments in product creation and innovation as key drivers of this success.

Additionally, VF reported that it had paid off over half of its net debt, excluding lease liabilities, from $5.8 billion to $2.7 billion. This resulted in a significant drop in leverage from 5.1x to 2x, a full two turns in just two years.

The company's Q4 results demonstrate that its strategy is working and that it is well on track with VF's transformation. The North Face brand's five consecutive double-digit growth quarters are also a testament to the company's success in driving growth across its portfolio.

VF Corporation's performance highlights include:

• 3% revenue growth in Q4, exceeding expectations
• The North Face brand grew 7%, driven by broad-based growth across categories and stellar performance in the Americas
• A strong Q4 performance from Vans, which returned to growth for the first time in almost four years
• Operating income of $54 million, stronger than anticipated
• Expansion of operating margins to 7% in fiscal year 2026
• Payout of over half of net debt, excluding lease liabilities, from $5.8 billion to $2.7 billion
• A significant drop in leverage from 5.1x to 2x, a full two turns in just two years

VF Corporation's Q4 results demonstrate its commitment to driving strong performance and shareholder value. With a strong portfolio of brands and a clear strategy for transformation, the company is well-positioned for future success.
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