Start here if you're new
what it is
V.F. sells clothes, shoes, and outdoor gear through brands like The North Face, Vans, and Timberland.
how it gets paid
Last year V.F made $9.5B in revenue. outdoor was the main engine at $4.4B, or 46% of sales.
why growth slowed
Revenue fell 4.1% last year. GAAP EPS in the fiscal Q2 narrative fell more than 13% vs. prior year to about $0.52, while adjusted EPS in the same report was higher— see earnings below for both lenses.
what just happened
Adjusted EPS for fiscal Q2 was about $0.56, beating the ~$0.45 estimate; GAAP EPS for the period was lower (~$0.52), down vs. prior year in the news strip.
At a glance
B+ balance sheet — decent shape, but not bulletproof
45/100 earnings predictability — expect surprises
25.1x trailing p/e — priced about right
1.9% dividend yield — cash in your pocket every quarter
10.5% return on capital — nothing to write home about
xvary composite: 54/100 — below average
What they do
V.F. sells clothes, shoes, and outdoor gear through brands like The North Face, Vans, and Timberland.
You know these brands before you see the parent company. That matters when V.F. still gets 48% of sales outside the U.S., which means its labels travel better than the corporate name. Brand equity is the moat, and your closet probably recognizes The North Face faster than V.F. Corporation.
How they make money
$9.5B
annual revenue · their business grew -4.1% last year
outdoor
$4.4B
+6.0%
active
$2.7B
–8.0%
work
$1.6B
+1.0%
footwear
$0.5B
–3.0%
other
$0.3B
–12.0%
The products that matter
apparel and footwear brand portfolio
Brand Portfolio
$9.5B annual revenue
It's the entire $9.5B business, and it shrank ~4.1% last year at the company level— outdoor can grow while other segments drag.
100% of revenue
outdoor footwear and apparel brand
Timberland
fastest-growing brand mention
management and summary data point to Timberland as one of the brighter spots, but no separate revenue figure is provided here. That tells you this snapshot is seeing green shoots, not proof.
relative strength
outdoor apparel growth driver
The North Face
outdoor segment +6%
The outdoor segment grew ~6% in the FY mix above, helped by The North Face. When your best disclosed segment grows ~6% but the full company still fell ~4.1% last year, the turnaround is not broad yet.
watch closely
Key numbers
25.1x
trailing p/e
P/E → price divided by past profit → so what: you are paying 25 times earnings for a business projected to grow earnings just 1.5% a year.
$3.5B
long-term debt
Debt → money the company owes → so what: 32% of capital is financed by debt, which gives management less room for mistakes.
11.0%
operating margin
Operating margin → profit after running the business → so what: V.F. needs this to hold or improve because net margin is only 4.6%.
1.9%
dividend yield
Dividend yield → cash paid back to shareholders each year → so what: the income is modest, and projected dividend growth is still -15.5%.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 20 / 100
- long-term debt $3.5B (32% of capital)
- net profit margin 4.6% — keeps 5 cents of every dollar in revenue
- return on equity 22% — $0.22 profit for every $1 investors have put in
B+ — functional but not a standout on the balance sheet.
Total return vs. market
You invested $10,000 in VFC 3 years ago → it's now worth $7,030.
The index would have given you $14,770.
source: institutional data · total return
What just happened
mixed vs estimates
Fiscal Q2: adjusted EPS ~$0.56 vs ~$0.45 est; GAAP EPS in the same narrative was ~$0.52, down vs. prior year.
Quarter net sales reached ~$2.8B, up nearly 2% vs. prior year. Outdoor grew ~6%, helped by The North Face, while active weakened— the mixed quarter matches the segment table and the news bullets below.
$2.8B
quarter revenue
$0.56 / $0.52
adj. / GAAP eps
11.0%
operating margin (FY context)
the number that mattered
The adjusted EPS beat matters for sentiment; the ~$0.52 GAAP vs. prior year decline reminds you restructuring noise is still in the numbers.
-
v.f. corporation posted mixed fiscal second-quarter results (year ends march 28, 2026).
-
the top line increased nearly 2% vs. prior year, to $2.8 billion, reflecting better-than-expected back-to-school results and earlier wholesale ordering activity.
-
looking at segment revenues, the outdoor business grew 6%, supported by continued strength at the north face (tnf), while the active segment declined 8%, largely due to ongoing weakness at vans.
-
meanwhile, the bottom line declined more than 13% from the year-ago period, to $0.52 per share, as restructuring-related headwinds persisted.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the #1 risk is another year of revenue contraction across the brand portfolio.
med
sales keep sliding
The company already reported a ~4.1% annual revenue decline. If that trend continues, the turnaround thesis is early, not done.
another step down would hit 100% of the $9.5B revenue base
med
discounting and input costs squeeze margins
With a ~4.6% net margin (health block on this page), this business does not have much room for pricing mistakes, freight pressure, or tariff-related cost increases.
When you keep under a nickel per sales dollar, even a 1-point margin hit matters.
med
debt limits strategic flexibility
$3.5B of long-term debt and 32% debt as a share of capital do not signal distress, but they do reduce your margin for error if operating results wobble again.
less flexibility for buybacks, reinvestment, or balance-sheet cleanup
A stumble here is not abstract. It pressures the full $9.5B sales base, a ~4.6% net margin, and a balance sheet carrying $3.5B of long-term debt.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
revenue stabilization
After a ~4.1% annual decline, the next few reports need to show the sales base has stopped shrinking.
trend
outdoor momentum
the outdoor business grew 6% in an earlier update. you want to see whether that strength broadens beyond one pocket.
calendar
next earnings report
this stock needs confirmation, not hope. the next quarter matters because one strong print is not enough.
risk
institutional selling
219 buyers versus 239 sellers in 3q2025 is not capitulation, but it is not quiet accumulation either.
Analyst rankings
short-term outlook
average
momentum score 3. in human-speak, analysts do not see a strong short-term edge either way.
risk profile
average
stability score 3 means the stock looks middle-of-the-pack on risk. not a bunker, not a free fall.
chart momentum
average
technical score 3 says the chart is not doing the convincing for you yet.
earnings predictability
45 / 100
earnings are harder to model here than in steadier consumer brands. expect revisions, surprises, and narrative swings.
source: institutional data
Institutional activity
institutions have been net selling for 2 consecutive quarters — 219 buyers vs. 239 sellers in 3q2025. total institutional holdings: 0.4B shares. net selling for 2 quarters.
source: institutional data
Price targets
3-5 year target range
$6
$27
$18.84
current price
$17
target midpoint · ~10% below current · 3-5yr high: $35 (+85% · 18% ann'l return)
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive