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. 26, 2026


	Three Months Ended September				Six Months Ended September

(In thousands, except per share amounts)	2026		2025		2026		2025
Earnings per common share – basic:
Net income	$	285,251	$	189,765	$	188,099	$	73,357
Weighted average common shares outstanding	393,369		390,648		392,738		390,336
Earnings per common share	$	0.73	$	0.49	$	0.48	$	0.19
Earnings per common share – diluted:
Net income	$	285,251	$	189,765	$	188,099	$	73,357
Weighted average common shares outstanding	393,369		390,648		392,738		390,336
Incremental shares from stock options and other dilutive securities	6,311		3,338		7,309		2,707
Adjusted weighted average common shares outstanding	399,680		393,986		400,047		393,043
Earnings per common share	$	0.71	$	0.48	$	0.47	$	0.19

Outstanding stock options and other potentially dilutive securities of 8.9 million and 9.1 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2026, respectively, and 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, because the effect of their inclusion would have been anti-dilutive to those periods.

In addition, 2.0 million and 1.7 million shares of performance-based RSUs and RSUs with a total shareholder return component were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2026, respectively, and 2.6 million and 2.3 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2025, respectively, because these units were not considered to be contingent outstanding shares in those periods.