VF Corporation (NYSE:VFC) on Wednesday reported third-quarter fiscal 2026 results.
Quarterly Metrics
The company reported third-quarter adjusted earnings per share of 56 cents, beating the analyst consensus estimate of 45 cents.
Quarterly sales of $2.876 billion outpaced the Street view of $2.768 billion, supported by a stronger-than-expected holiday season driven by The North Face, Timberland, the Americas region and continued momentum in the direct-to-consumer channel.
“The North Face and Timberland each grew 8% and 5% on a constant dollar basis, while Vans results were as we expected,” said CEO Bracken Darrell.
On September 15, 2025, VF entered into a definitive agreement with Bluestar Alliance LLC to sell the Dickies brand business and on November 12, 2025, VF completed the sale of Dickies. Adjusted sales in the quarter under review, excluding Dickies totaled $2.820 billion.
The North Face posted an 8% increase from last year, or 5% on a constant-currency basis, delivering growth during the brand’s peak season.
Adjusted operating income totaled $341 million, higher than $318 million a year ago. Adjusted operating margin expanded 30 basis points to 12.1%.
The company exited the quarter with cash and equivalents worth $1.466 billion.
Dividend
VF’s Board of Directors declared a quarterly dividend of 9 cents per share. This dividend will be payable on March 19, 2026, to shareholders of record at the close of business on March 10, 2026.
Outlook
The firm said it expects fourth-quarter revenue to range between $2.140 billion and $2.183 billion, topping analysts’ average estimate of $2.095 billion.
The company said it expects fiscal year 2026 leverage to be at or below 3.5x, with continued progress toward its medium-term target.
“We remain on track to deliver our medium-term financial targets and are excited about the future of the business,” the CEO said.
VFC Price Action: Vf shares were down 1.87% at $19.89 during premarket trading on Wednesday, according to Benzinga Pro data.
Photo by T. Schneider via Shutterstock
