V.F. Corporation Raises Fiscal 2027 Revenue Outlook Amid Mixed Brand Performance
V.F. Corporation (NYSE: VFC) raised its fiscal 2027 revenue growth outlook to at least 2% after first-quarter sales of $1.7 billion exceeded expectations, despite being flat year-over-year. The company maintained key financial targets including an approximately 8% operating margin and a leverage ratio between 2.6x and 2.9x by the end of fiscal 2027. Brand performance was mixed: The North Face saw revenue rise 4%, Timberland increased 3%, while Vans declined 9%. Management expects Vans to remain weak in the first half but improve later as new product launches gain traction. CFO Paul Vogel will step down, with COO Abhishek Dalmia assuming a combined role of CFO and COO. V.F. also reported a year-over-year reduction in net debt by 20% and reiterated its long-term goals for an operating margin above 10% and leverage below 2.5x.
Tickers: $VFC
Topics: brand_performance executive_transition operating_margin revenue_growth