VF raises FY27 revenue outlook as Q1 net loss narrows to $97 million
VF reported first-quarter fiscal 2027 revenue of $1.67 billion, down 5% from a year earlier, and a net loss of $97.2 million, or $0.25 per diluted share, compared with a net loss of $116.4 million, or $0.30 per share, a year earlier. The company raised its fiscal 2027 revenue growth guidance to +2% or better in constant currency, from +1% to +2%, and said Abhishek Dalmia will become chief financial officer effective August 1, 2026.
Key points
- Q1 revenue was $1,669.4 million, down 5% from $1,760.7 million; up 1% excluding the Dickies brand, which was sold in November 2025.
- Net loss narrowed to $97.2 million from $116.4 million; operating loss was $83.1 million.
- Fiscal 2027 revenue guidance raised to +2% or better in constant currency, from +1% to +2%; adjusted operating margin guidance is approximately 8%.
- Abhishek Dalmia becomes EVP and CFO effective August 1, 2026; Paul Vogel steps down as CFO and moves to an advisory role. Board declared a $0.09 quarterly dividend payable September 17, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.