V F CORP
For the period ended Sep 26, 2026. Filed Oct 28, 2026.
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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 26, 2026 · Filed Oct 28, 2026
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Earnings Per Share
NOTE 15 —EARNINGS PER SHARE
| Three Months Ended September | Six Months Ended September | |||
|---|---|---|---|---|
| (In thousands, except per share amounts) | 2026 | 2025 | 2026 | 2025 |
| Earnings per common share – basic: | ||||
| Net income | $285,251 | $189,765 | $188,099 | $73,357 |
| Weighted average common shares outstanding | 393,369 | 390,648 | 392,738 | 390,336 |
| Earnings per common share | $0.73 | $0.49 | $0.48 | $0.19 |
| Earnings per common share – diluted: | ||||
| Net income | $285,251 | $189,765 | $188,099 | $73,357 |
| Weighted average common shares outstanding | 393,369 | 390,648 | 392,738 | 390,336 |
| Incremental shares from stock options and other dilutive securities | 6,311 | 3,338 | 7,309 | 2,707 |
| Adjusted weighted average common shares outstanding | 399,680 | 393,986 | 400,047 | 393,043 |
| Earnings per common share | $0.71 | $0.48 | $0.47 | $0.19 |
Outstanding stock options and other potentially dilutive securitiesof 8.9 million and 9.1 million shares were excluded from the calculations of diluted earnings per share for thethree and six-month periods ended September 2026, respectively, and 15.6 million and 16.1 million shares were excluded from the calculations of diluted earnings per share for thethree and six-month periods ended September 2025, respectively, because the effect of their inclusion would have been anti-dilutive to those periods.
In addition,2.0 million and 1.7 million shares of performance-based RSUs and RSUs with a total shareholder return component were excluded from the calculations of diluted earnings per share for thethree and six-month periods ended September 2026, respectively, and 2.6 million and 2.3 million shares were excluded from the calculations of diluted earnings per sharefor the three and six-month periods ended September 2025, respectively, because these units were not considered to be contingent outstanding shares in those periods.
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