Printwear & Promotion The Total Promotional Package
VF Corporation reported solid third quarter fiscal 2026 results, delivering revenue growth, margin improvement and continued progress on balance sheet strength during its peak holiday period.
Reported revenue increased 1% year over year, or 4% on an adjusted basis excluding the Dickies brand, which was sold to Bluestar Alliance last September for $600 million.
On a constant currency basis, adjusted revenue rose 2%. Gross margin expanded to 57.0%, reflecting a 10-basis point improvement year over year, while operating margin increased to 12.1%, up 30 basis points.
Adjusted operating income reached $341 million, compared with $318 million in the prior year quarter.
Brand performance contributed meaningfully to results. The North Face delivered 8% reported growth, Timberland posted 8% growth and marked its fifth consecutive quarter of expansion, while Vans performance aligned with expectations.
The Americas region recorded its strongest quarter in more than three years, with direct-to-consumer and wholesale channels both improving. Global direct-to-consumer revenue increased 4% year over year, driven primarily by digital sales.
During the quarter, VF completed the divestiture of Dickies, further simplifying its portfolio and supporting its focus on core brands. The company also reduced leverage and increased free cash flow compared to the prior year, reinforcing progress toward its medium-term financial targets.
