VF Corporation reported its financial results for the first quarter of fiscal 2026, ending June 28, 2025. The company recorded revenue of $1.8 billion, remaining flat compared to the previous year or down 2% in constant currency. The revenue figures surpassed guidance, aided by a wholesale timing shift from the second quarter, which added a 2% benefit or 1% in constant currency. Excluding the Vans® brand, total revenue increased by 6% compared to the previous year or 5% in constant currency. The North Face® and Timberland® brands demonstrated global strength, while Vans® experienced a 14% decline year-over-year, or 15% in constant currency, impacted by channel rationalization actions. VF Corporation reported an operating loss of $87 million, with an adjusted operating loss of $56 million, significantly better than the guidance of a loss between $125 million and $110 million. The operating margin stood at negative 4.9%, an improvement of 210 basis points from the previous year, while the adjusted operating margin was negative 3.2%, up by 270 basis points. The company's gross margin increased by 270 basis points from the previous year, with an adjusted gross margin rise of 290 basis points. Selling, General and Administrative (SG&A) expenses increased by 1% compared to the previous year, with adjusted SG&A expenses remaining flat. VF Corporation declared a quarterly dividend of $0.09 per share, payable on September 18, 2025, to shareholders of record as of September 10, 2025.