V.F. Corporation released its third-quarter fiscal 2025 results for the period ended December 28, 2024. The company reported a 2% year-over-year revenue increase to $2.834 billion, surpassing analyst estimates of $2.746 billion.
Adjusted earnings per share reached $0.62, indicating strong profitability. Gross margin expanded by 150 basis points, and operating margin increased by 360 basis points to over 11%.
Net debt was reduced by almost $2 billion compared to the prior year, demonstrating significant progress in balance sheet fortification. The Americas business achieved 2% revenue growth, its first positive quarter in over two years.
The North Face grew 5% and Timberland grew 12%, while Vans showed sequential improvement with an 8% decline, compared to an 11% decline in the previous quarter. VFC remains on track to deliver $300 million in gross cost savings by the end of fiscal 2025 and announced plans for an additional $500 million to $600 million in net operating income expansion by fiscal 2028.
The Board of Directors declared a quarterly dividend of $0.09 per share, payable on March 20, 2025, to shareholders of record on March 10, 2025.
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