| Schedule of Financial Information for Reportable Segments |
Financial information for VF's segments is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 2025 |
|
| (In thousands) |
Outdoor |
|
Active |
|
Total |
|
| Reportable segment revenues |
$ |
812,466 |
|
|
$ |
699,687 |
|
|
$ |
1,512,153 |
|
|
| "All Other" revenues |
|
|
|
|
248,513 |
|
|
| Total revenues |
|
|
|
|
1,760,666
|
|
|
| Less: |
|
|
|
|
|
|
| Cost of goods sold |
386,077 |
|
|
298,769 |
|
|
|
|
| Marketing expenses |
71,591 |
|
|
53,117 |
|
|
|
|
| Other SG&A expenses |
398,553 |
|
|
291,280 |
|
|
|
|
Other segment items (a)
|
1,485 |
|
|
317 |
|
|
|
|
| Segment profit (loss) |
(42,270) |
|
|
56,838
|
|
|
14,568
|
|
|
|
|
|
|
|
|
|
| Corporate and other expenses |
|
|
|
|
(104,560) |
|
|
| Interest expense, net |
|
|
|
|
(41,120) |
|
|
| "All Other" profit |
|
|
|
|
4,519 |
|
|
| Loss from continuing operations before income taxes |
|
|
|
|
$ |
(126,593) |
|
|
(a)For each reportable segment, 'Other segment items' includes certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 2024 |
| (In thousands) |
Outdoor |
|
Active |
|
Total |
| Reportable segment revenues |
$ |
753,630 |
|
|
$ |
776,734 |
|
|
$ |
1,530,364 |
|
| "All Other" revenues |
|
|
|
|
238,696 |
|
| Total revenues |
|
|
|
|
1,769,060
|
|
| Less: |
|
|
|
|
|
| Cost of goods sold |
401,576 |
|
|
330,127 |
|
|
|
| Marketing expenses |
66,389 |
|
|
67,322 |
|
|
|
| Other SG&A expenses |
358,613 |
|
|
307,803 |
|
|
|
Other segment items (a)
|
61 |
|
|
(17) |
|
|
|
| Segment profit (loss) |
(72,887) |
|
|
71,465
|
|
|
(1,422) |
|
|
|
|
|
|
|
| Corporate and other expenses |
|
|
|
|
(115,519) |
|
Interest expense, net (b)
|
|
|
|
|
(40,947) |
|
| "All Other" loss |
|
|
|
|
(7,565) |
|
| Loss from continuing operations before income taxes |
|
|
|
|
$ |
(165,453) |
|
(a)For each reportable segment, 'Other segment items' includes certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)Interest expense and the related interest rate swap impact for the DDTL, which totaled $14.9 million for the three months ended June 2024, were allocated to discontinued operations due to the requirement within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.
|
| Schedule of Reconciliation of Assets from Segment to Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
June 2025 |
|
|
March 2025 |
|
June 2024 |
| Segment assets: |
|
|
|
|
|
|
|
| Outdoor |
|
$ |
1,791,623 |
|
|
|
$ |
1,552,908 |
|
|
$ |
1,638,703 |
|
| Active |
|
983,790 |
|
|
|
860,128 |
|
|
936,596 |
|
| All Other |
|
522,127 |
|
|
|
507,223 |
|
|
527,813 |
|
| Corporate and other |
|
10,161 |
|
|
|
28,429 |
|
|
5,984 |
|
| Total segment assets |
|
3,307,701 |
|
|
|
2,948,688 |
|
|
3,109,096 |
|
| Cash and cash equivalents |
|
642,386 |
|
|
|
429,382 |
|
|
625,436 |
|
|
|
|
|
|
|
|
|
| Property, plant and equipment, net |
|
720,785 |
|
|
|
720,879 |
|
|
759,811 |
|
| Goodwill and intangible assets, net |
|
2,344,578 |
|
|
|
2,314,093 |
|
|
2,413,985 |
|
| Operating lease right-of-use assets |
|
1,319,142 |
|
|
|
1,262,319 |
|
|
1,260,903 |
|
| Other assets |
|
1,815,905 |
|
|
|
1,702,175 |
|
|
1,714,100 |
|
| Assets of discontinued operations |
|
— |
|
|
|
— |
|
|
1,658,032 |
|
| Consolidated assets |
|
$ |
10,150,497
|
|
|
|
$ |
9,377,536
|
|
|
$ |
11,541,363
|
|
|