Q1 2026 VF Corp Earnings Call Transcript
Key Points
- VF Corp (VFC) delivered above its guidance for the first quarter of fiscal 2026, marking a strong start to the fiscal year.
- The North Face brand grew by 5% this quarter, with ambitions to achieve high single-digit to double-digit growth.
- Timberland brand showed a 9% growth, driven by global momentum in key products like the 6-inch boot.
- Altra brand experienced significant growth, up over 20%, and is on track to exceed $250 million in revenue this year.
- The company has improved its cost structure, reducing over $300 million in costs, with further improvements in sight.
- Vans brand revenue declined by 15% in Q1, with 40% of the decline attributed to channel rationalization actions.
- The company reported a loss of $56 million in the seasonally low Q1, although this was ahead of guidance.
- Tariff impacts are expected to negatively affect gross profit by $60 million to $70 million in fiscal 2026.
- Direct-to-consumer (DTC) sales were down 4% for the quarter.
- The Americas and EMEA regions experienced revenue declines of 3% and 2%, respectively.
Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome everyone to the VF Corporation first-quarter fiscal year 2026 earnings conference call. (Operator Instructions)
And I would now like to turn the conference over to Allegra Perry, Vice President of Investor Relations. Allegra, you may begin.
Thank you. Hello and welcome to VF Corporation's first quarter fiscal 2026 conference call. Participants on today's call 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 otherwise noted, amounts referred to on today's call will be on an adjusted constant dollar and continuing operations basis, which we've defined in the presentation that was posted this morning on our Investor Relations
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
