Shares for Timberland and Vans father or mother firm VF Company sank 14 % in pre-market buying and selling on Wednesday morning following efficiency beneath expectations within the fourth quarter.
In This fall of fiscal 2025, the Denver-based firm reported internet income of $2.14 billion, down 5 % from $2.25 billion the identical time final 12 months. This was beneath analysts’ expectations, which have been between $2.15 billion and $2.23 billion, in keeping with Yahoo Finance.
The corporate additionally noticed an working lack of $73 million, or a lack of 39 cents per share, versus an working lack of $373.4 million, or a lack of $1.06 per share. This barely higher than analysts’ expectations, which have been calling for a internet lack of 14 cents a share in This fall.
By model, The North Face noticed internet income of $834.5 million, up 2 % from $814.3 million in This fall 2024. At Vans, internet income was $492.6 million, down 22 % from $631.2 million the identical time final 12 months.
Timberland reported internet income of $376.0 million, up 10 % from $341.5 million, whereas Dickies noticed internet income of $139.3 million, down 14 % from $162.4 million the prior 12 months. VFC’s Different Model’s division noticed internet income tick up 1 % to $301.5 million from $297.9 million the identical time final 12 months.
By area, VFC noticed declines in most areas of the world, with the Americas reporting internet income in This fall of $995.2 million, which is down 6 % from $1.06 billion the identical time final 12 months. Within the EMEA area, internet income was $812.3 million, down 4 % from $849.6 million in This fall 2024, whereas the APAC area’s internet income was flat from final 12 months at $336.2 million.
For the complete fiscal 12 months 2025, VFC reported internet income of $9.50 billion, a 4 % decline from $9.92 billion in fiscal 2024. The corporate additionally turned a revenue for the 12 months, with an working revenue of $303.77 million in 2025, or 18 cents per share, up from an working lack of $143.93 million, or a lack of $2.62 per share, in 2024.
By model, The North Face noticed internet income of $3.70 billion, up 1 % from $6.67 billion in 2024. At Vans, internet income was $2.35 billion, down 16 % from $2.79 billion the identical time final 12 months.
Timberland reported internet income in 2025 of $1.61 billion, up 3 % from $1.56 billion, whereas Dickies noticed internet income of $542.1 million, down 12 % from $618.4 million the prior 12 months. VFC’s Different Model’s division noticed internet income tick up 2 % to $1.30 billion from $1.28 billion the identical time final 12 months.
By area, the Americas reported internet income of $4.83 billion, down 7 % from $5.17 billion in fiscal 2024. Within the EMEA area, internet income declined 3 % to $3.25 billion, down from $3.34 billion, whereas the APAC area noticed internet income enhance 1 % to $1.42 billion, up from $1.40 billion in 2024.
Bracken Darrell, president and chief government officer of VFC, mentioned in an announcement that income in This fall was “in line” with the corporate’s steering and excluding Vans, was up versus final 12 months, led by progress in The North Face and Timberland.
“Adjusting for the income influence to Vans from deliberate strategic actions to ascertain a robust basis for future progress and improved profitability, the decline within the model’s This fall 2025 income was in step with the Q3 2025 development,” Darrell mentioned. “The transformation of VF is effectively underway.”
Wanting forward, the corporate expects internet income within the first quarter of fiscal 2026 to say no between 3 % and 5 %, with an working loss between $110 million and $125 million.
“We’re well-positioned to navigate elevated volatility within the macro surroundings, and I’m assured that the actions we’re taking will allow our manufacturers to return to progress and VF to ship sturdy, sustainable worth creation,” the CEO added.
