VF Corporation Reports Improved Earnings and Progress in Turnaround Plan

The apparel giant exceeded quarterly estimates with a 2% revenue increase and higher profitability driven by cost-cutting and strong performance in its Outdoor segment.

• VF Corporation posted a 2% revenue increase to $2.8 billion for the quarter ending December 28, 2024, surpassing analyst expectations of $2.75 billion.
• The Outdoor segment, led by The North Face, grew 6% to $1.9 billion, while Vans and Dickies brands saw revenue declines of 9% and 10%, respectively.
• Net income from continuing operations reached $169.1 million, compared to a $91.7 million loss in the same period last year, with adjusted earnings per share at $0.62, beating estimates of $0.34.
• The company achieved a 170 basis point improvement in gross margin and a 360 basis point rise in adjusted operating margin, reflecting cost reductions and more full-price sales.
• VF Corporation reduced its net debt by $1.9 billion following the sale of its Supreme brand for $1.486 billion, while continuing to target $300 million in cost savings under its Reinvent plan.

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