VF beats Q1 adjusted operating loss guidance; revenue flat YoY; dividend declared at $0.09

V F CORP

2026-Q1 EPS reported -$0.30 revenue$1,760,666,000

Q1 revenue flat at $1.8B (down 2% constant currency); adjusted operating loss of ($56M) vs guidance of ($125M)-($110M).
Adjusted EPS loss ($0.24) improved from ($0.35) a year ago; gross margin +290bps; net debt down $1.4B (20%).
The North Face +6%; Timberland +11%; Vans down 14% (15% C$) on channel rationalization; Altra grew >20%.
Board declared $0.09/share quarterly dividend, payable Sept 18 to holders of record Sept 10, 2025.
Q2 guidance: revenue (4%) to (2%) C$; adjusted operating income $260M-$290M; FY26 free cash flow up vs LY.

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