VF Corp sets FY2028 targets: adj. op. margin >=10%, gross margin >=55%, net leverage <=2.5x

V F CORP

Medium-term (FY2028) targets: adj. operating margin ≥10%, adj. gross margin ≥55%, adj. SG&A ≤45% of revenue.
Net leverage target of 2.5x or below; prioritizes debt reduction and free cash flow generation.
Strategy pillars include multi-brand performance portfolio, scalable capabilities (AI, design, marketing), and optimal P&L structure.
Remains committed to quarterly cash dividend, subject to Board approval.
Investor Day Part 1 held Oct 30, 2024; Part 2 to be held at a later date.

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