Every material Form 8-K VF filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
VF reported second-quarter fiscal 2026 revenue of $2.8 billion, up 2% from a year earlier, and operating income of $313 million, both ahead of its guidance. Diluted earnings per share from continuing operations fell to $0.48 from $0.52, and adjusted EPS fell to $0.52 from $0.60. The company also announced a $600 million sale of the Dickies brand to Bluestar Alliance, with proceeds to pay down debt, and guided third-quarter adjusted operating income to $275 million to $305 million.
Q2 revenue $2.8 billion, up 2% vs. last year (down 1% in constant currency); guidance was down 4% to down 2% in constant currency
Operating income $313 million; adjusted operating income $330 million vs. guidance of $260 million to $290 million
Diluted EPS $0.48 vs. $0.52 a year earlier; adjusted EPS $0.52 vs. $0.60
Pending $600 million Dickies sale to Bluestar Alliance expected to close in Q3 fiscal 2026; quarterly dividend of $0.09 per share payable December 18, 2025
V.F. Corporation entered a new $1.50 billion senior secured revolving credit facility maturing August 26, 2030, and used it on August 27, 2025 to repay and terminate its previous five-year revolving credit agreement from November 2021. The filing describes the facility as a refinancing with an uncommitted option to expand it to $2.00 billion, and it does not report any change in the company's revenue or profit.
Facility size: $1.50 billion senior secured revolving credit, with termination date August 26, 2030
Accordion feature allows an increase to a maximum of $2.00 billion, at lenders' discretion and subject to conditions
Proceeds used to refinance the terminated 2021 agreement, pay fees, and fund working capital and general corporate purposes
Interest margins range from 0.50% to 2.00% depending on the rate type and availability; commitment fee is 0.25% to 0.375%
V.F. Corporation reported first-quarter fiscal 2026 revenue of $1.76 billion, flat versus last year and down 2% in constant currency, with a net loss of $116.4 million, or $0.30 per share, compared with $0.39 per share in continuing operations a year earlier. The adjusted operating loss of $56 million beat the company's guidance of $110 million to $125 million, and the company set second-quarter revenue guidance of down 4% to down 2% in constant currency. The company also declared a $0.09 quarterly dividend and realigned its reportable segments into Outdoor and Active.
Q1 revenue was $1.76 billion, flat versus last year (down 2% in constant currency); Vans fell 14%, while The North Face rose 6% and Timberland rose 11%.
Net loss was $116.4 million, or $0.30 per share, versus a loss of $0.39 per share from continuing operations a year earlier; adjusted operating loss was $56 million versus guidance of $110 million to $125 million.
Q2 fiscal 2026 guidance calls for revenue down 4% to down 2% in constant currency and adjusted operating income of $260 million to $290 million.
Net debt fell $1.4 billion, or 20%, to $5.3 billion versus last year; the quarterly dividend of $0.09 per share is payable September 18, 2025, to holders of record on September 10, 2025.
VF's board appointed Michael E. Phillips as Vice President, Chief Accounting Officer, effective June 1, 2025. He replaces Bryan H. McNeill, who notified the company on May 27, 2025 that he is retiring after nearly 30 years of service. The filing describes a planned leadership change in the finance function and does not mention any financial results or guidance.
Michael E. Phillips, 52, has been VP, Enterprise Financial Reporting Controller since September 2022 and joined VF in June 2010.
Phillips is a Certified Public Accountant and previously led audit and financial due diligence engagements over 15 years.
Bryan H. McNeill is retiring after nearly 30 years of service; his resignation as Chief Accounting Officer is effective June 1, 2025.
V.F. Corporation amended its $2.25 billion senior unsecured revolving credit facility on May 21, 2025. The amendment changes how non-cash impairment charges and adverse legal ruling impacts are counted in Consolidated Net Worth for the leverage covenant, and it requires the company and certain subsidiaries to provide guarantees and grant liens on certain assets within 120 days.
Facility is $2.25 billion and expires November 2026; amendment effective May 21, 2025
Covenant change applies to Consolidated Net Indebtedness to Consolidated Net Capitalization test for quarters ending after the Amendment Effective Date
Guarantees and liens securing the facility are required within 120 days of May 21, 2025
Agreement is Exhibit 10.1, with JPMorgan Chase Bank, N.A. as Administrative Agent
VF Corp reported fourth-quarter fiscal 2025 revenue of $2.1 billion, down 5% from a year earlier, with a GAAP operating loss of $73 million and a loss of $0.39 per share. Adjusted operating income of $22 million exceeded the company's guidance, and the company guided to a first-quarter fiscal 2026 adjusted operating loss of $110 million to $125 million. The company also declared a $0.09 quarterly dividend.
Q4 fiscal 2025 revenue was $2.1 billion, down 5% versus last year, with The North Face and Timberland growing and Vans and Dickies declining
GAAP operating loss was $73 million versus $373 million a year earlier; adjusted operating income was $22 million, above the guidance range of a $30 million loss to breakeven
Full-year fiscal 2025 net loss was $190 million; net debt fell $1.8 billion and leverage ended at 4.1x
Quarterly dividend of $0.09 per share is payable June 18, 2025 to holders of record on June 10, 2025
V.F. Corporation appointed Abhishek Dalmia as Executive Vice President and Chief Operating Officer, effective April 3, 2025, overseeing corporate strategy, transformation, digital technology and supply chain operations. He previously served as the company's Executive Vice President and Chief Strategy, Transformation and Digital Officer after joining in March 2024, and his compensation package includes an $800,000 base salary and a fiscal 2026 long-term incentive target of $3,000,000.
Abhishek Dalmia, 47, named Executive Vice President and Chief Operating Officer effective April 3, 2025
Role covers corporate strategy, transformation, digital technology and supply chain operations
Annualized base salary of $800,000 and target annual bonus of 110% of base salary for fiscal 2026
Target long-term incentive of $3,000,000 for fiscal 2026, expected to be granted in May 2025
On March 26, 2025, V.F. Corporation accepted the resignation of director W. Rodney McMullen, effective immediately, and reduced the board from its prior size to twelve directors. The filing says the resignation was required under the company's Corporate Governance Principles because of a substantial change in his principal occupation.
Director W. Rodney McMullen resigned from the board; the board accepted his offer on March 26, 2025
Resignation effective immediately, required under the company's Corporate Governance Principles
VF Corp reported third-quarter fiscal 2025 revenue of $2.83 billion, up 2% from a year earlier, and swung to diluted earnings of $0.43 per share from a loss of $0.24. The company guided fourth-quarter revenue down 4% to 6% and an adjusted operating loss of $(30) million to $0, while raising its fiscal 2025 free cash flow guidance to $440 million.
Q3 fiscal 2025 revenue was $2.83 billion, up 2% from $2.78 billion in Q3 fiscal 2024.
Q3 operating income was $226 million, compared with a loss of $91 million a year earlier; diluted EPS was $0.43 versus $(0.24).
Q4 fiscal 2025 guidance: revenue down 4% to 6% versus last year and an adjusted operating loss of $(30) million to $0 million.
Fiscal 2025 free cash flow guidance raised to $440 million from $425 million; quarterly dividend of $0.09 per share payable March 20, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every VF filing is on SEC EDGAR ↗. 8-K briefs of other companies →