Q3 2026 VF Corp Earnings Call Transcript
Key Points
- VF Corp (VFC) reported a strong third quarter with total revenue up 2%, exceeding expectations.
- The North Face brand delivered strong growth with revenue up 5%, driven by both DTC and wholesale channels.
- Timberland brand revenue increased by 5% in Q3, with significant growth in the Americas.
- Altra brand showed impressive growth, up 23% year-over-year, indicating strong potential.
- The company reduced reported net debt by almost $600 million compared to last year, reflecting a 20% decrease.
- Vans brand revenue declined by 10%, continuing a trend of underperformance.
- APAC region experienced a revenue decline of 3%, indicating challenges in international markets.
- EMEA region revenue was down 2%, reflecting broader macroeconomic challenges.
- Despite improvements, VF Corp (VFC) is still facing challenges in increasing physical store traffic for Vans.
- The company is dealing with the impact of tariffs, which affected gross margins in Q3.
Ladies and gentlemen, thank you for joining us, and welcome to V.F. Corporation's Q3 fiscal 2026 earnings call. (Operator Instructions) I will now hand the conference over to Allegra Perry, Vice President of Investor Relations. Please go ahead.
Hello, everyone. Welcome to V.F. Corporation's third-quarter fiscal 2026 conference call. On today's call, we will make forward-looking statements. These statements are based on current expectations and are subject to uncertainties that could cause actual results to differ materially. These uncertainties are detailed in documents filed regularly with the SEC.
Unless we say otherwise, amounts that Bracken and Paul refer to on today's call are all on an adjusted constant dollar continuing operations and excluding Dickies basis, which we've defined in the presentation that was posted this morning on our Investor Relations website. We use those as lead numbers in our discussion as we believe they more accurately represent the true operational performance
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