VF Corporation Reaffirms Fiscal 2027 Guidance Following Q2 Earnings Beat
V.F. Corporation (VFC) reported second-quarter fiscal 2027 results that exceeded management expectations, driven by significant gross margin expansion and higher-than-anticipated operating income. While revenue growth was modest at 1%, the company's ability to manage costs resulted in an operating income of $364 million, surpassing the initial guidance of $315 million. Looking ahead, VFC has reaffirmed its fiscal 2027 outlook, targeting revenue growth of over 2% and free cash flow exceeding $515 million. The company remains focused on long-term profitability, aiming for operating margins of at least 10% by fiscal 2029 as it continues its strategic restructuring.
Tickers: $VFC
Topics: EPS gross margin expansion operating income revenue growth
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Part of the story VF Corporation Reports Q2 2027 Earnings Exceeding Guidance Amid Brand Turnaround (2 articles)