What were VF Corporation’s (NYSE:VFC) total revenue and growth for fiscal year 2026?

VF Corp. reported full-year 2026 revenue of $11.0 billion (1% year-over-year growth). Excluding the divested Dickies brand, revenue rose 4%, reflecting a return to top-line expansion.

How did VF Corp.’s profitability metrics perform in FY2026?

Full-year gross margin expanded by 130 basis points to 54.8%, operating income reached $577 million with a 6% operating margin, and free cash flow increased to $405 million, up over $90 million from FY2025.

How did VF Corporation perform in Q4 FY2026?

Q4 revenue rose 1% year-over-year, or 8% excluding Dickies. Operating income was $62 million, exceeding internal forecasts, driven mainly by strength in the Americas and the outdoor segments.

Which brands led VF Corp.’s growth in Q4 FY2026?

The North Face grew 12% globally (17% in the Americas), Timberland rose 8%, while Vans slipped 1% globally but returned to positive DTC performance in the Americas.

How did geographic performance contribute to Q4 results?

Revenue in the Americas increased 2% overall, or 10% on a constant-currency basis for ongoing brands, highlighting the region’s central role in the quarter’s momentum.

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VF Corp. returns to annual growth as The North Face and Americas fuel Q4 beat

Written by Brie CarterPublished May. 20 2026Last Updated May. 20 2026

VF Corporation (NYSE:VFC) reported its financial results for the fourth quarter and full fiscal year ended March 28, 2026, marking a return to annual top-line growth alongside expanding profit margins and a strengthened balance sheet.

Following the performance, the company's Board of Directors authorized a quarterly cash dividend of $0.09 per share.

For the full fiscal year 2026, total revenue increased by 1% compared to the prior year.

Stripping out the impact of the Dickies brand, which VF Corp. divested during the third quarter, fiscal-year revenue advanced 4%.

Full-year gross margin expanded by 130 basis points to 54.8%, while operating income reached $577 million, yielding an operating margin of 6%.

The company generated $405 million in free cash flow, representing a year-over-year increase of more than $90 million, which helped reduce its leverage ratio to 3.1x from 4.1x at the end of fiscal 2025.

Fourth-quarter momentum was heavily anchored by the Americas region and the company's outdoor segments.

Total fourth-quarter revenue edged up 1% year-over-year, or 8% excluding the Dickies business, outpacing the company's flat-to-2% guidance to notch its strongest constant-currency quarterly expansion in three years.

In the Americas, revenue rose 2%, bolstered by a 10% constant-currency increase when isolating ongoing brands.

Brand-specific results during the quarter were led by The North Face, which grew 12% globally, underpinned by a 17% increase within the Americas.

Timberland also posted an 8% gain.

Conversely, Vans revenue slipped 1% globally, though the brand achieved a strategic milestone by returning to positive territory across its direct-to-consumer channel in the Americas.

Fourth-quarter operating income came in at $62 million, exceeding conservative internal forecasts.

Backed by the structural recovery, VF Corp. reinstated its annual guidance framework for fiscal year 2027.

Management projects constant-currency revenue growth between 1% and 2% for the upcoming year.