Shares for Timberland and Vans mother or father firm VF Company sank 14 p.c 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 p.c from $2.25 billion the identical time final yr. This was beneath analysts’ expectations, which had been between $2.15 billion and $2.23 billion, in line 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 had 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 p.c from $814.3 million in This fall 2024. At Vans, internet income was $492.6 million, down 22 p.c from $631.2 million the identical time final yr.
Timberland reported internet income of $376.0 million, up 10 p.c from $341.5 million, whereas Dickies noticed internet income of $139.3 million, down 14 p.c from $162.4 million the prior yr. VFC’s Different Model’s division noticed internet income tick up 1 p.c to $301.5 million from $297.9 million the identical time final yr.
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 p.c from $1.06 billion the identical time final yr. Within the EMEA area, internet income was $812.3 million, down 4 p.c from $849.6 million in This fall 2024, whereas the APAC area’s internet income was flat from final yr at $336.2 million.
For the complete fiscal yr 2025, VFC reported internet income of $9.50 billion, a 4 p.c decline from $9.92 billion in fiscal 2024. The corporate additionally turned a revenue for the yr, 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 p.c from $6.67 billion in 2024. At Vans, internet income was $2.35 billion, down 16 p.c from $2.79 billion the identical time final yr.
Timberland reported internet income in 2025 of $1.61 billion, up 3 p.c from $1.56 billion, whereas Dickies noticed internet income of $542.1 million, down 12 p.c from $618.4 million the prior yr. VFC’s Different Model’s division noticed internet income tick up 2 p.c to $1.30 billion from $1.28 billion the identical time final yr.
By area, the Americas reported internet income of $4.83 billion, down 7 p.c from $5.17 billion in fiscal 2024. Within the EMEA area, internet income declined 3 p.c to $3.25 billion, down from $3.34 billion, whereas the APAC area noticed internet income improve 1 p.c to $1.42 billion, up from $1.40 billion in 2024.
Bracken Darrell, president and chief govt 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 yr, led by progress in The North Face and Timberland.
“Adjusting for the income influence to Vans from deliberate strategic actions to determine a robust basis for future progress and improved profitability, the decline within the model’s This fall 2025 income was according to the Q3 2025 pattern,” Darrell mentioned. “The transformation of VF is properly underway.”
Wanting forward, the corporate expects internet income within the first quarter of fiscal 2026 to say no between 3 p.c and 5 p.c, with an working loss between $110 million and $125 million.
“We’re well-positioned to navigate elevated volatility within the macro atmosphere, and I’m assured that the actions we’re taking will allow our manufacturers to return to progress and VF to ship robust, sustainable worth creation,” the CEO added.