VF
Runs The North Face, Vans, and Timberland as a Denver-based portfolio of outdoor and action-sports brands.
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Profile
Sells outdoor and action-sports apparel, footwear, and accessories through brands led by The North Face, Vans, and Timberland, moving product through wholesale retailers as well as its own stores and websites. Leadership installed in 2023 has pared the brand lineup, applied proceeds to debt reduction, and is working to reverse a prolonged decline at Vans.
Runs a portfolio of outdoor and action-sports lifestyle brands anchored by The North Face, Vans, and Timberland, alongside smaller footwear and apparel names such as Smartwool, Icebreaker, Altra, and JanSport, each keeping its own design and marketing under one Denver-run back-office.
An outside chief executive who joined in 2023 has led a turnaround that pared the roster built up over decades of acquisitions, selling streetwear label Supreme in 2024 and workwear brand Dickies in 2025, with proceeds funding continued paydown of acquisition-era debt.
Vans, a skate-rooted footwear and apparel brand still working through an extended sales decline, remains the variable most likely to shape near-term results even as the outdoor brands keep growing. Sales run through both wholesale partners and company-run stores and websites in roughly equal measure, now reported across two groupings, outdoor and active.
Company facts
Categories
Key statistics
Year to date −24.7% · Average volume (30d) 7.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | UBS | Reiterate | Neutral | $20 | $16 | |
| Jul 30, 2026 | Evercore ISI | Target | $18 | $16 | ||
| Jul 30, 2026 | Stifel Nicolaus | Target | $18 | $17 | ||
| Jul 30, 2026 | Goldman Sachs | Reiterate | Neutral | $18 | $16 | |
| Jul 30, 2026 | Barclays | Reiterate | Overweight | $24 | $23 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q1 FY27 | −$0.22 | −$0.27 | −20.3% | $1.64B | $1.67B | +1.9% | −0.80% |
| May 20, 2026Q4 FY26 | −$0.02 | −$0.30 | −1,400.0% | $2.13B | $2.17B | +1.7% | −0.19% |
| Jan 28, 2026Q3 FY26 | $0.43 | $0.58 | +34.9% | $2.75B | $2.82B | +2.4% | +5.23% |
| Oct 28, 2025Q2 FY26 | $0.42 | $0.52 | +22.5% | $2.73B | $2.80B | +2.6% | −0.21% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.14B | $1.76B | $2.80B | $2.88B | $2.17B | $1.67B | |
| Gross profit | $1.14B | $953.2M | $1.46B | $1.60B | $1.22B | $917.0M | |
| Operating income | −$72.9M | −$86.6M | $312.6M | $289.1M | $61.5M | −$83.1M | |
| Net income | −$150.8M | −$116.4M | $189.8M | $300.8M | −$119.3M | −$97.2M | |
| Diluted EPS | −$0.39 | −$0.30 | $0.48 | $0.76 | −$0.30 | −$0.25 | |
| Gross margin | 53.4% | 54.1% | 52.2% | 55.6% | 56.4% | 54.9% | |
| Operating margin | -3.4% | -4.9% | 11.2% | 10.1% | 2.8% | -5.0% |
Fiscal years (4-quarter sums)FY22 $11.84B · FY23 $11.09B · FY24 $9.92B · FY25 $9.50B · FY26 $9.61B
Revenue by product · Q1 FY27
Revenue by geography · Q1 FY27
Balance sheet, Jun 27, 2026Cash & short-term investments $670.1M · Total debt $4.95B · Total assets $9.46B · Shareholders' equity $1.76B
Dividends
Last cut to $0.09 from $0.30 in Dec 2023. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 10, 2026 | Jun 10 | Jun 18 | $0.09 | |
| Mar 10, 2026 | Mar 10 | Mar 19 | $0.09 | |
| Dec 10, 2025 | Dec 10 | Dec 18 | $0.09 | |
| Sep 10, 2025 | Sep 10 | Sep 18 | $0.09 | |
| Jun 10, 2025 | Jun 10 | Jun 18 | $0.09 | |
| Mar 10, 2025 | Mar 10 | Mar 20 | $0.09 | |
| Dec 10, 2024 | Dec 10 | Dec 18 | $0.09 | |
| Sep 10, 2024 | Sep 10 | Sep 18 | $0.09 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 393.13M · Float 391.56M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| PNC Financial Services Group, Inc. | 72.55M | 18.46% | 13F | Aug 7, 2026 |
| BlackRock, Inc. | 30.62M | 7.79% | 13F | Aug 7, 2026 |
| M&G PLC | 25.83M | 6.57% | 13F | Aug 6, 2026 |
| Dodge & Cox | 22.41M | 5.70% | 13F | Aug 13, 2026 |
| Northern Trust Corp | 19.76M | 5.03% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Richard Carucci | director | +20,000 | $14.73 |
| Jul 31, 2026 | Bracken Darrell | director, officer: President & Chief Exec Officer | +32,894 | $14.98 |
| Jun 9, 2026 | Richard Carucci | director | +30,000 | $17.17 |
| Feb 10, 2026 | Juliana L. Chugg | director | −6,678 | $21.30 |
Peers
- Nike
Nike SB and Air Force 1/Dunk rival Vans in skate and lifestyle sneakers.
- Amer Sports
Arc'teryx rivals The North Face in premium outerwear; Salomon in footwear.
- Deckers Brands
HOKA rivals Altra in max-cushion running; UGG rivals Timberland boots.
- Columbia Sportswear
Columbia and Sorel directly rival The North Face and Timberland.
- On
On Cloud pulls casual sneaker share from Vans in the crossover segment.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| VF | $13.77 | +0.68% | $5.37B | 19.8 | 12.1 | 0.6 | −5.2% |
| Nike | $39.55 | −0.10% | $58.60B | 18.9 | 23.3 | 1.3 | −1.1% |
| Amer Sports | $30.90 | −0.53% | $17.96B | 32.7 | 22.2 | 2.4 | +32.1% |
| Deckers Brands | $88.07 | +0.36% | $11.95B | 12.5 | 11.5 | 2.2 | +5.7% |
| Columbia Sportswear | $58.01 | −0.05% | $2.97B | 15.1 | 15.1 | 0.9 | +1.5% |
| On | $28.93 | +0.24% | $9.62B | 19.6 | 14.7 | 2.4 | +11.6% |
| Median | 18.9 | 15.1 | 2.2 | +5.7% |