VF

Q1 FY2027 EarningsQ1 FY27 revenue was $1.67B, down 5% YoY but up 1% YoY excluding Dickies (flat C$), exceeding guidance. The North Face® rose 6% YoY and Timberland® grew 4%, while Vans® declined 8% due to wholesale weakness. Adjusted operating loss ex-Dickies was $95M, with gross margin expanding 100 bps to 54.9%. Net debt was reduced by $1.1B (20%) YoY, and FY27 revenue guidance was raised to +2% or better C$.