VF Corporation raised its full-year revenue guidance on Wednesday after first-quarter results exceeded the company's own targets, though VF stock fell more than 6% in premarket trading. The apparel company, parent to The North Face, Vans, and Timberland, now expects full-year revenue to increase at least 2% on a constant-currency basis, up from previous guidance of 1% to 2% growth. Revenue for the quarter ended June 27 fell 5% to $1.67 billion, but excluding the sold Dickies brand and currency effects, revenue rose 1%, ahead of the company's guidance for a low-single-digit percentage decline. VF posted a net loss of $97.2 million, or $0.25 per share, and an adjusted loss of $0.27 per share, which missed analyst expectations for an adjusted loss of $0.22 per share. The Vans brand remained a drag with an 8% revenue decline, while The North Face grew 6% and Timberland grew 4%. VF also announced that Abhishek Dalmia will become chief financial officer effective August 1, 2026, succeeding Paul Vogel, and declared a quarterly dividend of $0.09 per share.
VF CorporationAdjusted loss per share missed analyst expectations, and stock fell more than 6% in premarket trading.