HighGravityDataSigned in · PRO
Guidance history, every release
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
| Metric | Jan 29, 2025 FY25 Q3 | May 21, 2025 FY25 Q4 | Jul 30, 2025 FY26 Q1 | Oct 28, 2025 FY26 Q2 | Jan 28, 2026 FY26 Q3 | May 20, 2026 FY26 Q4 | Jul 29, 2026 FY27 Q1 | Oct 28, 2026 FY27 Q2 |
|---|---|---|---|---|---|---|---|---|
| For FY2028 | ||||||||
| Operating margin (exit run rate, medium-term target) | — | — | — | — | — | New“exit run rate of 10% operating margin” | — | — |
| Leverage | — | New“2.5x” | — | — | — | — | — | — |
| Leverage ratio (medium-term target) | — | — | — | — | — | New“2.5x or lower” | — | — |
| Medium-term leverage target | — | — | New“2.5x” | — | — | — | — | — |
| For FY2027 | ||||||||
| Altra® revenue | — | — | — | — | — | New“continued growth” | Revised“Growth” | — |
| FY'27 Revenue % vs. LY (C$) | — | — | — | — | — | New“+1% to +2%” | — | — |
| FY'27 Revenue % vs. LY1 (C$) | — | — | — | — | — | — | New“+2% or better” | — |
| Revenue | — | — | — | — | — | — | New“+2% or better C$ vs. LY1” | — |
| Revenue (C$ vs. LY) | — | — | — | — | — | — | — | New“+2% or better C$ vs. LY” |
| Revenue (Q1'27) | — | — | — | — | — | New“Q1'27 down low-single digits” | — | — |
| Revenue % vs. LY | — | — | — | — | — | New“down low-single digits” | — | — |
| The North Face® revenue | — | — | — | — | — | New“continued growth” | Revised“Growth” | — |
| Timberland® revenue | — | — | — | — | — | New“continued growth” | Revised“Growth” | — |
| Vans® revenue | — | — | — | — | — | New“down mid-single digits, with improving trends in H2'27 relative to H1'27” | — | — |
| Vans® revenue vs. LY | — | — | — | — | — | — | New“down mid-single digits” | — |
| Adjusted gross margin | — | — | — | — | — | New“up vs. LY” | Reiterated“up vs. LY” | — |
| Operating margin (adjusted) | — | — | — | — | — | New“Approximately 8%” | Reiterated“Approximately 8%” | Reiterated“approximately 8%” |
| Actual free cash flow | — | — | — | — | — | — | — | New“$515M or higher” |
| Adjusted OM | — | — | — | — | — | New“approximately 8%” | Reiterated“approximately 8%” | Reiterated“approximately 8%” |
| Adjusted SG&A rate | — | — | — | — | — | New“down vs. LY” | Reiterated“down vs. LY” | — |
| Free cash flow | — | — | — | — | — | — | New“flat to up vs. LY2 of $405M” | — |
| FYE'27 leverage ratio | — | — | — | — | — | — | — | New“2.6x to 2.9x” |
| Normalized free cash flow | — | — | — | — | — | — | — | New“flat to up vs. LY of $405M” |
| Operating cash flow | — | — | — | — | — | New“up vs. LY” | Revised“up vs. LY2” | — |
| Quarterly dividend per share | — | — | — | — | — | — | — | New“$0.09 per share” |
| The North Face®, Timberland® and Altra® | — | — | — | — | — | New“Continued growth at The North Face®, Timberland® and Altra®” | — | — |
| Vans® | — | — | — | — | — | — | New“down mid-single digits, with improving trends in H2'27 of -2% or better vs. LY” | — |
| Vans® Wholesale | — | — | — | — | — | — | New“improve significantly” | Revised“Wholesale improvement expected in H2'27” |
| For FY2026 | ||||||||
| Revenue | — | — | New“(4%) to (2%) C$ vs. LY” | — | — | — | — | — |
| Revenue % vs. LY (C$) | — | — | — | — | New“flat to +2% C$ vs. LY” | — | — | — |
| Revenue % vs. LY (C$) | — | New“(5%) to (3%) C$ vs. LY” | — | — | — | — | — | — |
| Revenue growth | — | — | — | — | New“Implies full year revenue growth, excluding Dickies® and Supreme®, for the first time since FY'23” | — | — | — |
| Adjusted EPS (loss) (reiterated) | — | — | New“($0.24)” | — | — | — | — | — |
| Adjusted gross margin | — | — | — | — | New“flat to slightly up vs. LY” | — | — | — |
| Adjusted gross margin | — | — | — | New“down vs. LY reflecting initial impacts from tariffs, partially offset by lower discounts” | — | — | — | — |
| Adjusted gross margin | — | — | New“broadly flat vs. LY” | — | — | — | — | — |
| Adjusted gross margin | — | New“up vs. LY” | — | — | — | — | — | — |
| Adjusted operating income | — | New“up vs. LY” | Reiterated“up vs. LY” | Reiterated“up vs. LY” | Reiterated“up vs. LY” | — | — | — |
| EPS (loss) (reiterated) | — | — | New“($0.30)” | — | — | — | — | — |
| FY'26 EPS (loss) | — | — | New“($0.30)” | — | — | — | — | — |
| Operating income (adjusted) | — | — | — | — | New“$10M to $30M” | — | — | — |
| Operating income (adjusted) | — | — | — | New“$275M to $305M” | — | — | — | — |
| Operating income (adjusted) | — | — | New“$260M to $290M” | — | — | — | — | — |
| Operating income (loss) (adjusted) | — | New“($125) million to ($110) million” | — | — | — | — | — | — |
| Adjusted OI | — | — | — | — | New“$10M to $30M” | — | — | — |
| Adjusted OI | — | — | — | New“up vs. LY” | Reiterated“up vs. LY” | — | — | — |
| Adjusted OI | — | — | — | New“$275M to $305M” | — | — | — | — |
| Adjusted SG&A dollars | — | — | — | New“slightly up vs. LY (adjusted SG&A broadly flat vs. LY on a C$ basis)” | — | — | — | — |
| Adjusted SG&A dollars | — | — | New“slightly up vs. LY (adjusted SG&A broadly flat vs. LY on a C$ basis)” | — | — | — | — | — |
| Adjusted SG&A rate | — | — | — | — | New“flat to slightly down vs. LY” | — | — | — |
| Dickies® sale close | — | — | — | New“expected to close during Q3'26” | — | — | — | — |
| Free cash flow | — | — | New“Up vs. LY (FY'25: $313M)” | Reiterated“Up vs. LY (FY'25: $313M)” | Reiterated“Up vs. LY (FY'25: $313M)” | — | — | — |
| Operating cash flow | — | — | New“up vs. LY” | Reiterated“up vs. LY” | Reiterated“up vs. LY” | — | — | — |
| Restructuring charges in connection with Reinvent | — | New“approximately $200.0 million to $210.0 million” | — | — | — | — | — | — |
| Year-end leverage | — | — | — | — | New“at or below 3.5x” | — | — | — |
| For FY2025 | ||||||||
| Revenue % vs. LY (C$) | New“(2)% to (4)% C$” | — | — | — | — | — | — | — |
| Revenue vs. LY (implied) | New“(1)% to (2)% vs. LY” | — | — | — | — | — | — | — |
| Revenue vs. LY C$ (implied) | New“flat to (1)% C$” | — | — | — | — | — | — | — |
| Gross margin | New“up vs. LY” | — | — | — | — | — | — | — |
| Operating income (loss) (adjusted) | New“$(30)M to $0M” | — | — | — | — | — | — | — |
| Free cash flow + proceeds from non-core physical asset sales | New“$440M” | — | — | — | — | — | — | — |
| FY'25 free cash flow | New“$440 million” | — | — | — | — | — | — | — |
| Reinvent restructuring charges | New“approximately $190.0 million to $210.0 million” | — | — | — | — | — | — | — |
| Retire $750 million April 2025 maturity (debt retirement) | New“retire $750 million” | — | — | — | — | — | — | — |
| SG&A dollar growth | New“up slightly vs. LY” | — | — | — | — | — | — | — |
| No period stated | ||||||||
| Net operating income expansion | — | New“$500 to $600 million” | — | — | — | — | — | — |
| Dickies® transaction accretion | — | — | — | New“accretive to VF's growth rate on a pro-forma basis” | — | — | — | — |
| FYE'27 leverage ratio | — | — | — | — | — | New“2.6x to 2.9x” | Reiterated“2.6x to 2.9x” | — |
| Initial gross Reinvent target savings run rate | New“$300 million run rate” | — | — | — | — | — | — | — |
| Leverage | — | — | — | — | New“at or below 3.5x” | — | — | — |
| Leverage ratio | — | — | — | — | — | — | — | New“2.6x to 2.9x” |
| Long-term growth | — | — | New“return the company to long-term growth, in revenue and in profit” | — | — | — | — | — |
| Medium-term financial targets | — | — | — | — | New“on track to deliver our medium-term financial targets” | — | — | — |
| Next phase of Reinvent net SG&A savings | New“additional $250 to $300 million” | — | — | — | — | — | — | — |
| Total fees associated with the contract with the consulting firm | — | New“up to $141.0 million” | — | — | — | — | — | — |
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.