VFCNYSEMen's & Boys' Furnishgs, Work Clothg, & Allied GarmentsUS GAAP · USD

V.F. Corporation

V.F. Corporation is a U.S.-based apparel and footwear company built around a portfolio of brands in outdoor, active, and workwear categories. Its best-known brands include The North Face, Vans, Timberland, and Dickies, and the company sells through wholesale partners, its own stores, and brand e-commerce channels across the Americas, Europe, and Asia-Pacific.

Kysy yhtiöstä
Liikevaihto9 605milj. USD
+1,1 %v/v
Liikevoitto (EBIT)577milj. USD
+89,8 %v/v
EBIT-marginaali6,0%
+2,8 %-yks.v/v
Nettotulos255milj. USD
+234,4 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−2,50,02,55,07,510,012,5mrd USD2021: 9,2 mrd USD2021: EBIT 0,61 mrd USD20212022: 11,8 mrd USD2022: EBIT 1,6 mrd USD20222023: 11,1 mrd USD2023: EBIT 1,00 mrd USD20232024: 9,9 mrd USD2024: EBIT −0,14 mrd USD20242025: 9,5 mrd USD2025: EBIT 0,30 mrd USD20252026: 9,6 mrd USD2026: EBIT 0,58 mrd USD20269,60,58
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: V.F. Corporation

Liiketoiminta

Osuus liikevaihdosta
Outdoor59 %

Performance and performance-inspired outdoor apparel, footwear, and accessories.

Active33 %

Lifestyle and action sports products centered on Vans and related brands.

Work8 %

Workwear and durable garments sold under the Dickies brand.

Tuotteet

Raportoitu · osuus liikevaihdosta
58,7%32,6%8,8%FY2025100 %
  • Outdoor58,7 %
  • Active32,6 %
  • Work8,8 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

VF sells to consumers through both wholesale retail partners and its own direct-to-consumer channels, so its customer base includes end consumers as well as large retail accounts. The company serves outdoor enthusiasts, skate and lifestyle consumers, and workers needing durable apparel, with demand shaped by brand preference, product performance, and channel access.

Outdoor consumers

Buy The North Face, Timberland, Altra, Smartwool, and Icebreaker products for performance and brand identity.

Lifestyle and skate consumers

Buy Vans footwear and apparel for casual wear, skate culture, and brand style.

Workwear customers

Buy Dickies garments for durability, utility, and occupational use.

Wholesale retail partners

Purchase VF products for resale through specialty stores, chains, and department stores.

Direct-to-consumer shoppers

Buy through VF-operated stores, concession stores, and brand e-commerce sites.

Strategia

VF’s strategy centers on managing a multi-brand portfolio through standardized operating processes, stronger brand execution, and a more disciplined channel mix. The company is also focused on restoring growth in core brands, improving operating efficiency, and reducing leverage so it can reinvest in product and brand building.

Standardize operating model across brands and regionsKeskipitkä aikaväli

A common process framework should improve execution, speed, and consistency in a multi-brand portfolio.

Rebuild growth in core brandsKeskipitkä aikaväli

Brand strength and product relevance are central to VF's wholesale and direct-to-consumer demand.

Reduce leverageLyhyt aikaväli

Lower debt improves financial flexibility and supports reinvestment in the portfolio.

Expand direct-to-consumer and digital capabilitiesKeskipitkä aikaväli

Owning more of the consumer relationship can improve brand control and channel economics.

Maantiede

VF sells globally, with revenue concentrated in the Americas, Europe, and Asia-Pacific. The company also sources finished goods through a diversified contractor network and uses regional sourcing hubs to support shorter lead times and closer alignment between production and consumer demand.

Riskit

VF is exposed to consumer spending cycles, fashion and brand relevance risk, and channel disruption in wholesale and e-commerce. The company also faces cybersecurity, privacy, inventory, and customer concentration risks, while its global sourcing model creates exposure to foreign currency, supply-chain, and execution issues.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cyclical consumer demand1Brand and fashion relevance2Cybersecurity and privacy3Wholesale customer concentration4Foreign currency and global sourcing5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cyclical consumer demandVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Apparel, footwear, and accessories purchases depend on discretionary spending and macro conditions.

    Kohdistuu: All brands and regions

  2. Brand and fashion relevanceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    VF's products compete on style, performance, and consumer preference, which can shift quickly.

    Kohdistuu: Vans and lifestyle categories

  3. Cybersecurity and privacyVaikutus: KorkeaTodennäköisyys: Kohtalainen

    E-commerce, consumer data, and internal systems create exposure to breaches and operational disruption.

    Kohdistuu: Direct-to-consumer and digital operations

  4. Wholesale customer concentrationVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    A small number of customers account for a meaningful share of revenue, increasing bargaining and volume risk.

    Kohdistuu: Top retail accounts

  5. Foreign currency and global sourcingVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    International sales and contractor-based sourcing expose results to FX swings and supply-chain variability.

    Kohdistuu: Europe and Asia-Pacific

Kysy Clarifolta: V.F. Corporation

Kirjanpito

Harkinnanvaraiset erät
Goodwill and intangible asset impairment

Brand portfolios rely on trademark values and reporting-unit fair values that require judgment.

Vaikutus: Can create large non-cash charges if brand or reporting-unit values decline

Inventory valuation

Fashion and seasonal products can require markdowns or write-downs if demand weakens.

Vaikutus: Affects gross margin and working capital

Lease accounting

VF operates stores and other leased facilities that create right-of-use assets and liabilities.

Vaikutus: Affects balance sheet leverage and operating expense presentation

Foreign currency translation

A large share of revenue is generated outside the U.S., so FX moves change reported sales.

Vaikutus: Affects revenue growth and comparability across periods

Restructuring and divestiture accounting

Transformation actions and asset sales can produce charges, gains, and discontinued operations items.

Vaikutus: Can distort year-to-year earnings comparability

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

PVH Corp

PVH · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments

Vince Holding Corp

VNCE · Retail-Apparel & Accessory Stores

Victoria's Secret & Co.

VSXY · Retail-Women's Clothing Stores

Wolverine World Wide, Inc

WWW · Footwear, (No Rubber)

NIKE, Inc.

NKE · Rubber & Plastics Footwear

Revolve Group, Inc.

RVLV · Retail-Catalog & Mail-Order Houses

Päivitetty: 24.9.2026