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

Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

9 Months Ended

Dec. 27, 2025


	Three Months Ended December				Nine Months Ended December

(In thousands, except per share amounts)	2025		2024		2025		2024
Earnings per share – basic:
Income from continuing operations	$	300,845	$	169,109	$	374,202	$	219,591
Weighted average common shares outstanding	390,915		389,218		390,529		389,001
Earnings per share from continuing operations	$	0.77	$	0.43	$	0.96	$	0.56
Earnings per share – diluted:
Income from continuing operations	$	300,845	$	169,109	$	374,202	$	219,591
Weighted average common shares outstanding	390,915		389,218		390,529		389,001
Incremental shares from stock options and other dilutive securities	6,242		4,690		3,885		2,434
Adjusted weighted average common shares outstanding	397,157		393,908		394,414		391,435
Earnings per share from continuing operations	$	0.76	$	0.43	$	0.95	$	0.56

Outstanding stock options and other potentially dilutive securities of 9.1 million and 13.8 million shares were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2025, respectively, and 9.0 million and 13.6 million shares were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2024, respectively, because the effect of their inclusion would have been anti-dilutive to those periods.

In addition, 2.2 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 nine-month periods ended December 2025, respectively, and 2.4 million and 1.9 million shares were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2024, respectively, because these units were not considered to be contingent outstanding shares in those periods.