VF Q2 FY27: Gross Margin Up 320 bps to 55.4%, EPS $0.71, Outdoor Offsets Active Weakness
VFC sits 32% above its 52-week low of $12.455.
Summary
VF's Q2 FY27 10-Q confirms the earnings already released: revenue down 4% to $2.70B, gross margin up 320 bps to 55.4%, and diluted EPS of $0.71 versus $0.48 a year ago, with Outdoor growth offsetting an 8% Active decline.
Key Events · Earnings and Guidance · VFC
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Q2 EPS $0.71, Margin Up 320 bps
Revenue fell 4% to $2,695.1M but gross margin rose to 55.4% and diluted EPS climbed to $0.71 from $0.48, with net income of $285.3M.
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Outdoor Grows, Active Contracts
Outdoor revenue rose 4% to $1,733.2M and segment profit jumped 20.4% to $362.2M; Active revenue fell 8% to $700.3M and profit dropped 23.5% to $50.3M.
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Leverage Flat, Liquidity Solid
Net debt to total capital held at 69.2%, with $443.0M cash and $1.47B available under the $1.5B ABL facility; no share repurchases in the quarter.
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Securities Class Action Pending
Consolidated 10(b)/20(a) suit covering purchases from September 28, 2022 to May 20, 2025 is fully briefed on VF's motion to dismiss; outcome uncertain.
Analysis · VFC · Manufacturing
The 10-Q puts full numbers behind the same-day earnings release: revenue fell 4% to $2.70B, but gross margin jumped 320 bps to 55.4% and diluted EPS rose to $0.71 from $0.48. The split matters — Outdoor revenue grew 4% with segment profit up 20.4% to $362.2M, while Active (Vans-led) revenue fell 8% and segment profit dropped 23.5% to $50.3M. Balance sheet leverage held at 69.2% net debt to total capital, with $443.0M cash and $1.47B available on the ABL facility, and the company still carries a consolidated securities class action that is fully briefed on a motion to dismiss.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, VFC was trading at $16.39 on NYSE in the Manufacturing sector, with a market capitalization of approximately $6.7B. The 52-week trading range was $12.46 to $22.27. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.