VF Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

6 Months Ended

Sep. 27, 2025


	Three Months Ended September				Six Months Ended September

(In thousands, except per share amounts)	2025		2024		2025		2024
Earnings per share – basic:
Income from continuing operations	$	189,765	$	202,509	$	73,357	$	50,482
Weighted average common shares outstanding	390,648		389,044		390,336		388,892
Earnings per share from continuing operations	$	0.49	$	0.52	$	0.19	$	0.13
Earnings per share – diluted:
Income from continuing operations	$	189,765	$	202,509	$	73,357	$	50,482
Weighted average common shares outstanding	390,648		389,044		390,336		388,892
Incremental shares from stock options and other dilutive securities	3,338		1,901		2,707		1,306
Adjusted weighted average common shares outstanding	393,986		390,945		393,043		390,198
Earnings per share from continuing operations	$	0.48	$	0.52	$	0.19	$	0.13

Outstanding stock options and other potentially dilutive securities of 15.6 million and 16.1 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2025, respectively, and 13.1 million and 15.9 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2024, respectively, because the effect of their inclusion would have been anti-dilutive to those periods.

In addition, 2.6 million and 2.3 million shares of performance-based RSUs and RSUs with a TSR component were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2025, respectively, and 2.4 million and 1.6 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2024, respectively, because these units were not considered to be contingent outstanding shares in those periods.