VF Corporation raised its fiscal 2027 constant-currency revenue outlook to growth of 2% or better, up from its previous 1-2% range, after first-quarter performance exceeded management's revenue and operating-income expectations. First-quarter revenues excluding Dickies were flat in constant currency, better than the expected low-single-digit decline, and adjusted operating loss excluding Dickies came to $95 million versus guidance of roughly $100 million. Outdoor segment revenues increased 5% year over year, with The North Face up 4% and Timberland up 3% in constant currency, while Vans revenue fell 9% in constant currency and is expected to decline by a mid-single-digit rate for fiscal 2027. The company maintained its fiscal 2027 adjusted operating-margin target of about 8% and continues to expect free cash flow to be flat to higher than fiscal 2026's $405 million and year-end leverage of 2.6-2.9 times.
VF CorporationRaised fiscal 2027 revenue outlook and beat Q1 expectations on outdoor growth.
Crocs Inc
Under Armour Inc ADickies excluded from results, implying weakness.
