NYSE$VFC
VF Corp · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
VF Corp improved profitability and strengthened its balance sheet.
VF Corp reported a revenue increase of 2% to $2.8 billion, driven by growth in all regions and strength in The North Face and Timberland brands. The company's operating income was $226 million, with an adjusted operating income of $324 million. EPS was $0.43, and adjusted EPS was $0.62. Net debt decreased by $1.9 billion. The company is on track with its Reinvent program, targeting $300 million in savings.
- Revenue increased by 2% to $2.8 billion, with growth in all regions.
- Operating income was $226 million, and adjusted operating income was $324 million.
- EPS was $0.43, and adjusted EPS was $0.62.
- Net debt decreased by $1.9 billion.
Headline financials
Revenue & EPS history
VF Corp · Revenue · Quarterly
$2.83B
Revenue by segment
VF Corp · $2.17B total across 3 segments · Q4 2026
- Outdoor$1.34B—61.9%
- Active$589M—27.2%
- All Other$238M—11.0%
Forward guidance
VF Corp anticipates Q4'25 revenue to decrease by (4)% to (6)% vs. LY, or (2)% to (4)% in constant dollars. The adjusted operating loss is projected to be between $(30) million and $0 million. FY'25 free cash flow is expected to be $440 million.
Tailwinds
- Gross margin up vs. LY
- Increased FY'25 free cash flow guidance to $440M
- Reflects higher-than-planned proceeds on sale of non-core physical assets and improved core fundamentals
Headwinds
- Revenue % vs. LY (4)% to (6)%
- Revenue % vs. LY (2)% to (4)% C$
- Adjusted operating loss of $(30)M to $0M
- SG&A dollar growth up slightly vs. LY
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2025
-1.5%
Avg return
Earnings day
-2.6%
Avg return
5 days after
+0.6%
Avg return
30 days after
32%
22 / 69 earnings
Positive
+29.3%
Q2 2025
Best reaction
-15.9%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -3.2% | -0.2% | +3.5% | |
| Q3 2026 | -5.5% | +1.1% | -4.2% | |
| Q2 2026 | -12.4% | -15.5% | +4.0% | |
| Q1 2026 | +2.4% | +1.5% | +22.0% | |
| Q4 2025 | -15.9% | -16.8% | -18.8% | |
| Q3 2025 | -3.9% | -7.4% | -6.2% | |
| Q2 2025 | +29.3% | +25.8% | +21.7% | |
| Q1 2025 | +9.5% | +8.3% | +11.0% | |
| Q4 2024 | -3.9% | -1.0% | +14.8% | |
| Q3 2024 | -7.4% | -7.4% | -2.7% | |
| Q2 2024 | -12.8% | -8.3% | +1.4% | |
| Q1 2024 | -3.8% | -2.1% | -0.3% | |
| Q4 2023 | -6.2% | -7.7% | -3.2% | |
| Q3 2023 | -0.8% | -8.3% | -19.7% | |
| Q2 2023 | -4.2% | -1.3% | +19.9% | |
| Q1 2023 | -4.7% | -5.4% | -12.2% | |
| Q4 2022 | +2.9% | -1.0% | -0.6% | |
| Q3 2022 | -3.2% | -3.0% | -12.9% | |
| Q2 2022 | -4.5% | -4.4% | +2.6% | |
| Q1 2022 | -3.2% | -6.2% | -9.4% | |
| Q4 2021 | -9.7% | -6.6% | -6.1% | |
| Q3 2021 | -6.8% | -7.6% | -7.0% | |
| Q2 2021 | -6.7% | -6.4% | +2.3% | |
| Q1 2021 | -1.1% | +2.4% | +12.3% | |
| Q4 2020 | +1.8% | +1.0% | +10.5% | |
| Q3 2020 | -10.6% | -11.6% | -11.5% | |
| Q2 2020 | -8.1% | -9.3% | -4.7% | |
| Q1 2020 | +1.2% | +0.1% | -11.2% | |
| Q4 2019 | -3.0% | -3.1% | +1.9% | |
| Q3 2019 | +11.6% | +13.1% | +18.6% | |
| Q2 2019 | -10.9% | -11.4% | -5.5% | |
| Q2 2018 | +1.8% | -0.7% | -5.5% | |
| Q1 2018 | -2.5% | -0.4% | +3.7% | |
| Q4 2017 | -12.4% | -11.2% | -10.1% | |
| Q3 2017 | +7.3% | +6.8% | +10.5% | |
| Q2 2017 | +4.1% | +5.5% | +6.7% | |
| Q1 2017 | -8.5% | -7.6% | -7.2% | |
| Q4 2016 | +4.1% | +6.2% | +7.1% | |
| Q3 2016 | -2.9% | -0.6% | +4.6% | |
| Q2 2016 | -1.0% | -2.3% | +2.6% | |
| Q1 2016 | +3.2% | — | — | |
| Q4 2015 | +0.4% | — | — | |
| Q3 2015 | -10.0% | — | — | |
| Q2 2015 | -1.0% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | +6.2% | — | — | |
| Q3 2014 | +4.6% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2014 | +1.2% | — | — | |
| Q4 2013 | -5.7% | — | — | |
| Q3 2013 | +3.5% | — | — | |
| Q2 2013 | -2.3% | — | — | |
| Q1 2013 | -2.2% | — | — | |
| Q4 2012 | +6.9% | — | — | |
| Q3 2012 | -6.7% | — | — | |
| Q2 2012 | +6.1% | — | — | |
| Q1 2012 | -1.3% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | +3.9% | — | — | |
| Q2 2011 | +0.1% | — | — | |
| Q1 2011 | +0.2% | — | — | |
| Q1 2010 | +0.0% | — | — | |
| Q4 2010 | -0.1% | — | — | |
| Q4 2007 | -0.1% | — | — | |
| Q3 2009 | -0.6% | — | — | |
| Q3 2010 | -0.6% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q2 2009 | -0.8% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro