VF Corporation reports results on Wednesday 28 October, before the market opens. Revenue over the twelve months to Q1 2027 was $9.5 billion, which rose 0.2% on the year before.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | $0.52 | $0.42 |
| Dec '25 | $0.56 | $0.44 |
| Mar '26 | $0.00 | −$0.01 |
| Jun '26 | −$0.27 | −$0.22 |
What analysts expect
The analysts’ average EPS estimate for the quarter is $0.54, in a range from $0.51 to $0.59. The average revenue estimate for the quarter is $2.7 billion. For full-year EPS, the analysts’ average estimate is $1.10, which would be up 30.7% on last year (based on 22 analysts). That estimate has fallen 0.3% over the past 90 days. Of the analysts’ recommendations, 9 are positive, 13 neutral and 2 negative.
Earnings surprise model
The model estimates EPS could land above the analysts’ average estimate by 12.2%. Its estimated chance of an EPS beat is 62.5%, based on the last 4 quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency; this small sample is a reference estimate, not company guidance.
Track record against estimates
The company reported EPS above the analysts’ average estimate in 3 of the last 4 quarters. Last quarter, EPS of −$0.27 compared with an estimate of −$0.22, below it by 21.0%.
The trends going in
Profit and cash are telling different stories: cash flow grew far faster. The trailing gross margin was 55.0%. The trailing operating margin was 6.1%, up 2.5 percentage points from a year earlier. The trailing net margin was 2.9%. Net income over the twelve months was $274.2 million, which rose 96.0% on the year before.
The cash picture
More cash came in than a year earlier. Operating cash flow over the twelve months was $754.2 million, up 151.5% on the year before. Capital spending was $126.0 million, or 1.3% of revenue. Free cash flow, operating cash flow less capital spending, was $628.2 million, up 200.3% on the year before. Free cash flow was 6.6% of revenue (the free-cash-flow margin), up 4.4 percentage points from a year earlier. The average diluted share count rose 0.9% over the year.
How today compares
In the context of past results: today’s free-cash-flow margin of 6.6% is higher than 28% of the company’s own past quarterly readings, which have ranged from −7.9% to 15.3%. Today’s operating margin of 6.1% is higher than 17% of past readings (−3.3% to 14.9%). Today’s twelve-month revenue growth rate of 0.2% is higher than 47% of past readings (−18.5% to 32.4%).
Questions this report will answer
Whether the slowdown in revenue growth continues. Whether results land above or below the analysts’ expectations set out above. Alongside that, Whether margins hold at the trailing levels above. The next filing will show whether the trends above continue, slow or reverse.
What it means for our valuation
These trends feed directly into what the shares are worth in our model. In our model, growth 5 percentage points lower would lower the value by 32.8%, and 5 percentage points higher would raise it by 43.2%. A free-cash-flow margin 1 percentage point lower would lower it by 16.6%.
