Key Points – V.F. reported a strong fiscal 2026 finish, with fourth-quarter revenue of $2.2 billion topping expectations and full-year sales returning to growth for the first time in three years.
Operating margin improved to 7%, and net debt/leverage declined significantly. – Growth was led by The North Face, Timberland and Altra, while Vans remains the main turnaround project
The North Face and Timberland continued posting gains, and Vans showed encouraging Americas direct-to-consumer improvement even as global sales fell. – The company reinstated fiscal 2027 guidance for 1% to 2% constant-currency revenue growth and about 8% operating margin, while also targeting lower leverage and improved cash flow. Management said tariff and geopolitical pressures remain risks, but cost actions are expected to offset most of the impact. – 4 Cold-Weather Stocks to Buy as Winter Spending Heats Up V.F. (NYSE:VFC) executives said the apparel and footwear company ended fiscal 2026 with improving sales trends, wider margins and lower leverage, while reinstating annual guidance for fiscal 2027. President and CEO Bracken Darrell said the company “finished this year strong” and exceeded its fourth-quarter guidance.
He said VF returned to full-year sales growth for the first time in three years and that 70% of the company’s portfolio is now growing, compared with 43% in fiscal 2024 when including Dickies. – 3 Retail Stocks That Desperately Need a Tariff Break “Our portfolio is getting healthier,” Darrell said, adding that operating margin expanded to 7% in fiscal 2026, up 220 basis points from fiscal 2024. He also pointed to balance-sheet progress, saying net debt excluding lease liabilities fell from $5.8 billion to $2.7 billion over three years, while leverage declined from 5.1 times to 2 times on that basis. Fourth-Quarter Sales Beat Expectations EVP and CFO Paul Vogel said fourth-quarter revenue was $2.2 billion, up 3% from a year earlier and above the company’s guidance for flat…