馃敼 EPS: $0.43 (Est. $0.33) 馃煝
馃敼 Revenue: $2.8B (Est. $2.75B) 馃煝; UP +2% YoY
馃敼 Operating Income: $226M
馃敼 Adj. Operating Income: $324M (Est. $202.87M) 馃煝
馃敼 Operating Margin: 8.0%, UP +1,130 basis points YoY
馃敼 Adj. Operating Margin: 11.4%, UP +360 basis points YoY
馃敼 Net Debt Reduction: $1.9B YoY
馃敼 Net Inventories: DOWN -14% YoY
Q4'25 Guidance:
馃敼 Revenue Decline: (4)% to (6)% YoY
馃敼 Adj. Operating Loss: $(30)M to $0M
馃敻 Gross margins expected to improve YoY
FY'25 Guidance:
馃敼 Free Cash Flow: $440M (Raised from prior $425M) 馃煝
馃敻 Increase reflects higher-than-expected proceeds from non-core asset sales & improved fundamentals
Segment Performance & Brand Highlights:
馃敼 The North Face & Timberland: Strong global performance
馃敼 Vans Revenue: DOWN -9% YoY, improved from Q2 (-11% YoY)
馃敼 Americas Revenue: UP +1% YoY
Strategic & Cost-Saving Initiatives:
馃敼 Reinvent Cost Savings: $55M savings in Q3; targeting $300M total
馃敼 Next Phase of Cost Reductions: Targeting an additional $250M-$300M in SG&A savings
馃敼 $1B Debt Repayment: Supreme sale proceeds used for loan payoff; $750M debt maturity to be retired by FY-end
CEO Bracken Darrell鈥檚 Commentary:
馃敻 "We made strong progress in Q3'25, improving profitability and strengthening the balance sheet. The pace of VF鈥檚 transformation remains on track, and we look forward to sharing further strategic brand plans at our March Investor Day."