Quarterly report [Sections 13 or 15(d)]

REPORTABLE SEGMENT INFORMATION (Tables)

v3.26.3
REPORTABLE SEGMENT INFORMATION (Tables)
 6 Months Ended
Sep. 26, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information for Reportable Segments
Financial information for VF’s segments is as follows:
Three Months Ended September 2026
(In thousands) Outdoor Active Total
Reportable segment revenues $ 1,733,182  $ 700,262  $ 2,433,444 
“All Other” revenues
 261,688 
Total revenues 2,695,132 
Less:
Cost of goods sold 791,909  287,452 
Marketing expenses 130,393  61,162 
Other SG&A expenses 449,070  301,428 
Other segment items (a)
395  47 
Segment profit 362,205  50,267  412,472 
Corporate and other expenses (74,563)
Interest expense, net (23,693)
“All Other” profit
 32,715 
Income before income taxes $ 346,931 
(a)For each reportable segment, 'Other segment items' include 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 September 2025
(In thousands) Outdoor Active Total
Reportable segment revenues $ 1,663,479  $ 760,750  $ 2,424,229 
“All Other” revenues
 378,477 
Total revenues 2,802,706 
Less:
Cost of goods sold 822,350  324,366 
Marketing expenses 119,990  64,196 
Other SG&A expenses 423,058  306,974 
Other segment items (a)
2,659  534 
Segment profit 300,740  65,748  366,488 
Corporate and other expenses (95,672)
Interest expense, net (46,209)
“All Other” profit
 43,674 
Income before income taxes $ 268,281 
(a)For each reportable segment, 'Other segment items' include 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.
Six Months Ended September 2026
(In thousands) Outdoor Active Total
Reportable segment revenues $ 2,590,161  $ 1,367,565  $ 3,957,726 
“All Other” revenues
 406,785 
Total revenues 4,364,511 
Less:
Cost of goods sold 1,197,781  566,068 
Marketing expenses 214,373  117,252 
Other SG&A expenses 858,379  586,692 
Other segment items (a)
959  123 
Segment profit 320,587  97,676  418,263 
Corporate and other expenses
(147,191)
Interest expense, net
(48,304)
“All Other” profit
 17,271 
Income before income taxes $ 240,039 
(a)For each reportable segment, 'Other segment items' include 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.
Six Months Ended September 2025
(In thousands) Outdoor Active Total
Reportable segment revenues $ 2,475,945  $ 1,460,437  $ 3,936,382 
“All Other” revenues
 626,990 
Total revenues 4,563,372 
Less:
Cost of goods sold 1,208,427  623,135 
Marketing expenses 191,581  117,313 
Other SG&A expenses 821,611  598,254 
Other segment items (a)
4,144  851 
Segment profit 258,470  122,586  381,056 
Corporate and other expenses (200,232)
Interest expense, net
(87,329)
“All Other” profit
 48,193 
Income before income taxes $ 141,688 
(a)For each reportable segment, 'Other segment items' include 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.
Schedule of Reconciliation of Assets from Segment to Consolidated
(In thousands) September 2026 March 2026 September 2025
Segment assets:
Outdoor $ 2,601,498  $ 1,634,714  $ 2,454,730 
Active 817,707  800,316  894,891 
All Other 400,333  306,730  370,102 
Corporate and other 50,594  57,471  17,770 
Total segment assets 3,870,132  2,799,231  3,737,493 
Cash and cash equivalents 442,951  823,943  419,115 
Property, plant and equipment, net 676,471  674,508  688,478 
Goodwill and intangible assets, net 2,046,701  2,055,247  2,096,460 
Operating lease right-of-use assets 1,334,532  1,320,733  1,347,097 
Other assets 1,587,334  1,616,515  1,818,974 
Assets held-for-sale —  —  536,507 
Consolidated assets $ 9,958,121  $ 9,290,177  $ 10,644,124 
Schedule of Reconciliation of Capital Expenditures and Depreciation and Amortization Expense
Three Months Ended September Six Months Ended September
(In thousands) 2026 2025 2026 2025
Depreciation and amortization:
Outdoor $ 21,893  $ 26,147  $ 49,124  $ 52,121 
Active 11,986  12,943  24,614  26,321 
All Other 7,933  7,332  10,442  12,274 
Corporate and other 16,545  23,380  31,963  43,448 
$ 58,357  $ 69,802  $ 116,143  $ 134,164