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V F CORP

For the period ended Mar 29, 2025. Filed May 22, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed May 22, 2025

VFC$20.35+0.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended March 29, 2025

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to ______

Commission file number:1-5256

V. F. CORPORATION

(Exact name of registrant as specified in its charter)

Pennsylvania23-1180120
(State or other jurisdiction of incorporation or organization)(I.R.S. employer identification number)

1551 Wewatta Street

Denver, Colorado 80202

(Address of principal executive offices)

(720)778-4000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:
(Title of each class)(Trading Symbol(s))(Name of each exchange on which registered)
Common Stock, without par value, stated capital $.25 per shareVFCNew York Stock Exchange
4.125% Senior Notes due 2026VFC26New York Stock Exchange
0.250% Senior Notes due 2028VFC28New York Stock Exchange
4.250% Senior Notes due 2029VFC29New York Stock Exchange
0.625% Senior Notes due 2032VFC32New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑ No☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐ No ☑

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☑ Accelerated filer☐

Non-accelerated filer☐ Smaller reporting company☐

Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☑

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No☑

The aggregate market value of Common Stock held by non-affiliates of V.F. Corporation on September 28, 2024, the last day of the registrant’s second fiscal quarter, was approximately $6,858,000,000 based on the closing price of the shares on the New York Stock Exchange.

As of April 26, 2025, there were 389,744,310 shares of Common Stock of the registrant outstanding.

Documents Incorporated By Reference

Portions of the definitive Proxy Statement for the Annual Meeting of Shareholders to be held on July 22, 2025 (Item 1 in Part I and Items 10, 11, 12, 13 and 14 in Part III), which definitive Proxy Statement shall be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.

This document (excluding exhibits) contains 109 pages.

TABLE OF CONTENTS

PAGE NUMBER
FORWARD-LOOKING STATEMENTS1
PART I
ITEM 1.Business1
ITEM 1A.Risk Factors9
ITEM 1B.Unresolved Staff Comments21
ITEM 1C.Cybersecurity22
ITEM 2.Properties23
ITEM 3.Legal Proceedings23
ITEM 4.Mine Safety Disclosures23
PART II
ITEM 5.Market for VF's Common Equity, Related Stockholder Matters and Issuer Purchase of Equity Securities24
ITEM 6.[Reserved]25
ITEM 7.Management's Discussion and Analysis of Financial Condition and Results of Operations25
ITEM 7A.Quantitative and Qualitative Disclosures about Market Risk40
ITEM 8.Financial Statements and Supplementary Data41
ITEM 9.Change in and Disagreements with Accountants on Accounting and Financial Disclosures41
ITEM 9A.Controls and Procedures41
ITEM 9B.Other Information41
ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections41
PART III
ITEM 10.Directors, Executive Officers and Corporate Governance42
ITEM 11.Executive Compensation42
ITEM 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholders Matters42
ITEM 13.Certain Relationships and Related Transactions, and Director Independence42
ITEM 14.Principal Accounting Fees and Services42
PART IV
ITEM 15.Exhibits and Financial Statement Schedules43
ITEM 16.10-K Summary46
Signatures47
ContentsView on SEC.gov

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