Moody’s upgrades VF Corp. outlook on debt reduction progress

VF Corp. (VFC) raised its fiscal 2027 revenue outlook to 2%+ growth, citing Q1 performance. Outdoor segment grew 5%, while Vans fell 9%. Management expects Vans to improve in H2. Q1 revenue was flat, beating expectations. VFC maintained its margin and leverage targets. Crocs (CROX) reported record Q2 revenue, while Under Armour (UAA) lowered its full-year outlook.

V.F (VFC) reported first-quarter results, raised its fiscal 2027 revenue outlook, affirmed its dividend, and appointed Abhishek Dalmia as CFO, according to the company and Simply Wall St. The stock last traded around $14.99. Simply Wall St cites a consensus fair value of about $19.45 and a $19.45 analyst price target, with risks including margin pressure from tariffs and leverage.

V.F. Corp (VFC) reported Q1 FY2027 revenue of $1,669.4 million, flat on a constant-currency basis, with North Face and Timberland growth offset by Vans decline. Adjusted operating loss was $95 million and adjusted loss per share was $0.27. The company raised FY2027 revenue guidance to 2% or better growth and expects Vans improvement in 2H, while reducing net debt to $4.3 billion.

VF Corporation (VFC) reported Q1 fiscal 2027 results that beat its guidance and raised its full-year constant-currency revenue growth outlook to +2% or better from +1% to +2%. Revenue fell 5% YoY due to the late-2025 Dickies divestiture, but excluding Dickies rose 1%. Gross margin rose to 54.9%, adjusted operating loss excluding Dickies was $95M, and net debt fell $1.1B. VF also authorized a $0.09 quarterly dividend and appointed Abhishek Dalmia as CFO and COO.

VF Corp (VFC) Q1 earnings call highlighted brand trends: The North Face revenue rose 4% and is expected flat to slightly higher in Q2; Timberland revenue grew 3% with Americas up 10%; Vans revenue fell 9% and is expected down similarly in Q2. Adjusted gross margin was 54.9%. VF reported net debt down $1.1B and free cash flow up about $75M, reiterating margin and leverage targets.

VF Corp shares fell about 18% after the company reported first-quarter results with a wide adjusted operating loss. Revenue fell 5% to $1.67B, and adjusted loss per share rose to $0.27 versus $0.22 expected. Vans revenue declined 8%. VF also named COO Abhishek Dalmia as CFO and slightly raised full-year guidance.