In the second quarter, VF Corporation recorded total revenue of US$2.8 billion, representing a 2% increase year-on-year, or a 1% decline on a constant currency basis.
By brand, The North Face achieved 6% growth year-on-year, or 4% on a constant currency basis, while Timberland posted 7% growth, or 4% on a constant currency basis. Vans continued to face challenges but showed sequential improvement, with revenue down 9% year-on-year, or 11% on a constant currency basis.
From a segment perspective, Outdoor revenue reached US$1.66 billion, while Active revenue totalled US$760.75 million, and All Other brands contributed US$378.5 million.
VF Corporation reported operating income of US$313 million, and adjusted operating income of US$330 million, meaningfully above its guidance range of US$260–290 million. This represented a 5% increase year-on-year (or 1% on a constant currency basis). The company’s gross margin held steady at 52.2%, while the adjusted operating margin improved to 11.8%.
Outlook
Looking ahead to the third quarter of fiscal 2026, VF expects revenue to decline between 3% and 1% on a constant currency basis, with adjusted operating income in the range of US$275–305 million.
VF Corporation also announced the pending sale of its Dickies brand for US$600 million, a move that will strengthen its ability to invest in its core portfolio and drive shareholder returns.
