VF Corp

VFC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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VF Earnings: Expectations Met but Vans' Turnaround Remains Slow; Shares Very Undervalued

David Swartz

Jul 30, 2026

In its seasonally weak first quarter, VF's sales fell 5% but rose 1% if adjusted for the Dickies divestment. Adjusted gross margin increased 10 basis points to 54.9%, but adjusted operating margin fell 210 basis points to negative 5.7% on planned marketing investments.

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VF Corp

VF Earnings: Expectations Met but Vans' Turnaround Remains Slow; Shares Very Undervalued

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