V F CORP
For the period ended Sep 27, 2025. Filed Oct 28, 2025.
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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.
Sep 27, 2025 · Filed Oct 28, 2025
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Earnings Per Share
NOTE 16 —EARNINGS PER SHARE
| Three Months Ended September | Six Months Ended September | |||
|---|---|---|---|---|
| (In thousands, except per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Earnings per share – basic: | ||||
| Income from continuing operations | $189,765 | $202,509 | $73,357 | $50,482 |
| Weighted average common shares outstanding | 390,648 | 389,044 | 390,336 | 388,892 |
| Earnings per share from continuing operations | $0.49 | $0.52 | $0.19 | $0.13 |
| Earnings per share – diluted: | ||||
| Income from continuing operations | $189,765 | $202,509 | $73,357 | $50,482 |
| Weighted average common shares outstanding | 390,648 | 389,044 | 390,336 | 388,892 |
| Incremental shares from stock options and other dilutive securities | 3,338 | 1,901 | 2,707 | 1,306 |
| Adjusted weighted average common shares outstanding | 393,986 | 390,945 | 393,043 | 390,198 |
| Earnings per share from continuing operations | $0.48 | $0.52 | $0.19 | $0.13 |
Outstanding stock options and other potentially dilutive securities of 15.6 million and 16.1 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2025, respectively, and 13.1 million and 15.9 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2024, respectively, because the effect of their inclusion would have been anti-dilutive to those periods.
In addition,2.6 million and 2.3 million shares of performance-based RSUs and RSUs with a TSR component were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2025, respectively, and 2.4 million and 1.6 million shares were excluded from the calculations of diluted earnings per sharefor the three andsix-month periods ended September 2024, respectively, because these units were not considered to be contingent outstanding shares in those periods.
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