V F CORP
For the period ended Jun 28, 2025. Filed Jul 30, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 28, 2025 · Filed Jul 30, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Leases
NOTE 8 —LEASES
The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. The substantial majority of these leases are operating leases. Total lease cost includes operating lease cost, variable lease cost, finance lease cost, short-term lease cost and gain recognized from a sale leaseback transaction. The components of lease cost were as follows:
| Three Months Ended June | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| Operating lease cost | $98,428 | $100,611 |
| Other lease cost | 34,913 | 22,247 |
| Total lease cost | $133,341 | $122,858 |
During the three months ended June 2024, the Company entered into a sale leaseback transaction for certain warehouse real estate and related assets. The transaction qualified as a sale, and thus the Company reco gnized a gain of $15.5 million in the selling, general and administrative ("SG&A") expenses line item in VF's Consolidated Statement of Operations for the three months ended June 2024.
During the three months ended June 2025 and 2024, the Company paid $100.0 million and $99.8 million for operating leases, respectively. During the three months ended June 2025 and 2024, the Company obtained $104.6 million and $100.9 million of right-of-use assets in exchange for lease liabilities, respectively.
VF Corporation Q1 FY26 Form 10-Q 14
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.