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V F CORP

For the period ended Sep 26, 2026. Filed Oct 28, 2026.

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About 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.

Sep 26, 2026 · Filed Oct 28, 2026

VFC$20.35+0.1%Stored close · as of Nov 6, 2026
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Reportable Segment Information

NOTE 14 —REPORTABLE SEGMENT INFORMATION

VF’s President and CEO is the Company’s chief operating decision maker (“CODM”). The Company’s individual global brands, or in certain cases the combination of global brands, have been determined to be operating segments. The operating segments have been evaluated and aggregated into reportable segments because they meet the similar economic characteristics and qualitative aggregation criteria set forth in the relevant accounting guidance. Based on this assessment, the Company’s reportable segments have been identified as: Outdoor and Active. In addition, VF reports results for an “All

Other” category to reconcile between the Company’s reportable segments and its consolidated results of operations and assets. “All Other” includes the following brands: Dickies®(through the date of sale), Altra®, Smartwool®, Napapijri® and Icebreaker®, which do not meet the quantitative threshold to be disclosed as a separate reportable segment.

The results of Dickies have been included in the “All Other” category through the November 12, 2025 date of sale.

19 VF Corporation Q2 FY27 Form 10-Q

Below is a description of VF’s reportable segments and the brands included within each:

REPORTABLE SEGMENTBRANDS
Outdoor - Outdoor apparel, footwear and equipmentThe North Face®
Timberland®
Active - Active apparel, footwear and accessoriesVans®
Kipling®
Eastpak®
JanSport®

All Other - included in the tables below for purposes of reconciliation of revenues, profit and assets, but it is not considered a reportable segment. “All Other” includes the following brands: Dickies®(through the date of sale), Altra®, Smartwool®, Napapijri® and Icebreaker®.

The primary financial measures used by the CODM to assess performance and allocate resources to VF’s segments are segment revenues and segment profit. Segment profit comprises the operating income (loss) and other income (expense), net line items of each segment. Segment revenues and segment profit are regularly reviewed by the CODM and compared against historical results, forecast and budget information in order to make decisions about how to allocate capital and other resources to each segment.

Corporate costs (other than common costs allocated to the segments), goodwill and indefinite-lived intangible asset impairment charges and net interest expense are not controlled by segment management and therefore are excluded from the measurement of segment profit. Common costs such as information systems processing, retirement benefits and insurance are allocated from corporate costs to the segments based on appropriate metrics such as usage or employment. Corporate costs that are not allocated to the segments consist of corporate headquarters expenses (including compensation and benefits of corporate management and staff, certain legal and professional fees and administrative and general costs), costs of

corporate programs or corporate-managed decisions, and other expenses which include a portion of defined benefit pension costs, development costs for management information systems, costs of registering, maintaining and enforcing certain of VF’s trademarks and miscellaneous consolidated costs. Defined benefit pension plans in the U.S. are centrally managed. The current year service cost component of pension cost is allocated to the segments, while the remaining pension cost components are reported in corporate and other expenses.

Segment assets are those used directly in or resulting from the operations of each business, which are accounts receivable and inventories. Segment assets included in the “All Other” category represent accounts receivable and inventory balances related to the brands included within the “All Other” category as noted above and segment assets included in the “Corporate and other” category represent receivable balances primarily related to corporate activities, and both are provided for purposes of reconciliation as they are not considered reportable segments. Total expenditures for additions to long-lived assets are not disclosed as this information is not regularly provided to the CODM at the segment level.

Financial information for VF’s segments is as follows:

(In thousands) · Outdoor · Active · Total
Reportable segment revenues$1,733,182$700,262$2,433,444
“All Other” revenues261,688
Total revenues2,695,132
Less:
Cost of goods sold791,909287,452
Marketing expenses130,39361,162
Other SG&A expenses449,070301,428
Other segment items (a)39547
Segment profit362,20550,267412,472
Corporate and other expenses(74,563)
Interest expense, net(23,693)
“All Other” profit32,715
Income before income taxes$346,931

(a)For each reportable segment, 'Other segment items' include certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.

VF Corporation Q2 FY27 Form 10-Q 20

Three Months Ended September 2025
(In thousands) · Outdoor · Active · Total
Reportable segment revenues$1,663,479$760,750$2,424,229
“All Other” revenues378,477
Total revenues2,802,706
Less:
Cost of goods sold822,350324,366
Marketing expenses119,99064,196
Other SG&A expenses423,058306,974
Other segment items (a)2,659534
Segment profit300,74065,748366,488
Corporate and other expenses(95,672)
Interest expense, net(46,209)
“All Other” profit43,674
Income before income taxes$268,281

(a)For each reportable segment, 'Other segment items' include certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income(expense), net line item in the Consolidated Statement of Operations.

(In thousands) · Outdoor · Active · Total
Reportable segment revenues$2,590,161$1,367,565$3,957,726
“All Other” revenues406,785
Total revenues4,364,511
Less:
Cost of goods sold1,197,781566,068
Marketing expenses214,373117,252
Other SG&A expenses858,379586,692
Other segment items (a)959123
Segment profit320,58797,676418,263
Corporate and other expenses(147,191)
Interest expense, net(48,304)
“All Other” profit17,271
Income before income taxes$240,039

(a)For each reportable segment, 'Other segment items' include certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.

21 VF Corporation Q2 FY27 Form 10-Q

Six Months Ended September 2025
(In thousands) · Outdoor · Active · Total
Reportable segment revenues$2,475,945$1,460,437$3,936,382
“All Other” revenues626,990
Total revenues4,563,372
Less:
Cost of goods sold1,208,427623,135
Marketing expenses191,581117,313
Other SG&A expenses821,611598,254
Other segment items (a)4,144851
Segment profit258,470122,586381,056
Corporate and other expenses(200,232)
Interest expense, net(87,329)
“All Other” profit48,193
Income before income taxes$141,688

(a)For each reportable segment, 'Other segment items' include certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income(expense), net line item in the Consolidated Statement of Operations.

(In thousands)September 2026March 2026September 2025
Segment assets:
Outdoor$2,601,498$1,634,714$2,454,730
Active817,707800,316894,891
All Other400,333306,730370,102
Corporate and other50,59457,47117,770
Total segment assets3,870,1322,799,2313,737,493
Cash and cash equivalents442,951823,943419,115
Property, plant and equipment, net676,471674,508688,478
Goodwill and intangible assets, net2,046,7012,055,2472,096,460
Operating lease right-of-use assets1,334,5321,320,7331,347,097
Other assets1,587,3341,616,5151,818,974
Assets held-for-sale——536,507
Consolidated assets$9,958,121$9,290,177$10,644,124
Three Months Ended SeptemberSix Months Ended September
(In thousands)2026202520262025
Depreciation and amortization:
Outdoor$21,893$26,147$49,124$52,121
Active11,98612,94324,61426,321
All Other7,9337,33210,44212,274
Corporate and other16,54523,38031,96343,448
$58,357$69,802$116,143$134,164

VF Corporation Q2 FY27 Form 10-Q 22

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