Quarterly ResultMay 20, 2026, 06:08 AM
V.F. Corp FY26 Revenue +1%; Q4 Revenue +1%; Declares $0.09 Dividend
AI Summary
V.F. Corp reported its financial results for the fourth quarter and full year Fiscal 2026, marking a return to full-year growth for the first time in three years. The company achieved a 1% increase in reported revenue for both Q4'26 and FY26, with Q4'26 revenue ex-Dickies growing 8% (3% constant currency), exceeding guidance. V.F. Corp also significantly expanded margins, reduced its leverage ratio to 3.1x, and declared a quarterly dividend of $0.09 per share. The company reinstated its annual guidance for FY27, expecting continued growth and expanding margins.
Key Highlights
- V.F. Corp returned to full-year FY26 revenue growth of 1% year-over-year.
- Q4'26 revenue increased 1% year-over-year, or 8% excluding Dickies, surpassing guidance.
- FY26 adjusted operating margin ex-Dickies expanded to 7.0%, up 110 bps from prior year.
- The company reduced its FYE26 leverage ratio to 3.1x, down from 4.1x in the prior year.
- A quarterly dividend of $0.09 per share was declared, payable June 18, 2026.
- The North Face® Q4'26 revenue grew 12% (7% constant currency).
- Vans® Americas Direct-to-Consumer (DTC) returned to growth in Q4'26.
- FY27 guidance projects revenue growth of 1% to 2% (constant currency) and an adjusted operating margin of approximately 8%.
Price Impact
More from VFC
More in Quarterly Result