VF beats Q1 revenue guidance, raises FY27 outlook; appoints new CFO

V F CORP

Q1 revenue ex-Dickies +1% vs LY (flat C$), ahead of guidance of down low-single digits C$.
Adjusted operating loss ex-Dickies of $95M, slightly better than guidance of $100M loss.
Net debt down $1.1B (20%) vs LY; quarterly dividend declared at $0.09/share.
Abhishek Dalmia appointed EVP & CFO (effective Aug 1), replacing Paul Vogel who transitions to advisory.
FY27 revenue guidance raised to +2% or better C$ (from +1-2%); adjusted OM ~8%.

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