威富 2025年季度报告

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedSeptember 27, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the transition period from ________ to ________Commission file number:1-5256 V. F. CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania23-1180120(State or other jurisdiction of incorporation or organization)(I.R.S. employer identification number) 1551 Wewatta StreetDenver,Colorado80202(Address of principal executive offices) (720)778-4000(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was requiredto file such reports), and (2)has been subject to such filing requirements for the past 90 days.Yes☑No☐ Indicateby check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☑Acceleratedfiler☐Non-accelerated filer☐Smallerreportingcompany☐Emerging growth company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).Yes☐No☑ On October25, 2025, there were390,724,758sharesof the registrant’s common stock outstanding. VF CORPORATIONTable of Contents VF CORPORATIONConsolidated Statements of Cash Flows(Unaudited) VF CORPORATIONConsolidated Statements of Cash Flows(Unaudited) VF CORPORATIONNotes to Consolidated Financial Statements(Unaudited) Tableof Contents NOTE 1 —BASIS OF PRESENTATION assetsand liabilities have been reported as assets andliabilitiesof discontinued operations in the ConsolidatedBalance Sheets, through the date of sale. These changes havebeen applied to all periods presented. Fiscal Year VFCorporation(together with its subsidiaries,collectivelyknown as “VF” or the “Company”) uses a 52/53 weekfiscal year ending on the Saturday closest to March31 ofeach year. The Company's current fiscal year runs from March30,2025 through March 28,2026(“Fiscal 2026”).Accordingly, this Form 10-Q presents our second quarter ofFiscal 2026. For presentation purposes herein, all referencestoperiods ended September 2025 and September 2024relate to the fiscal periods ended on September27, 2025 andSeptember28, 2024, respectively. References to March 2025relate to information as of March29, 2025. Unless otherwise noted, discussion within these notes to theinterimconsolidatedfinancialstatementsrelatestocontinuingoperations.Refer to Note 4 for additionalinformation on discontinued operations. Certain prior year amounts have been reclassified to conformtotheFiscal 2026presentation. The accompanying unaudited interim consolidated financialstatementshave been prepared in accordance with theinstructions to Form 10-Q and Rule 10-01 of Regulation S-Xand do not include all of the information and notes requiredby generally accepted accounting principles in the UnitedStatesof America(“GAAP”)for complete financialstatements. Similarly, the March 2025 consolidated balancesheet data was derived from audited financial statements butdoes not include all disclosures required by GAAP. In theopinionof management,the accompanying unauditedinterim consolidated financial statements contain all normalandrecurring adjustments necessary to fairly state theconsolidatedfinancial position,results of operations andcash flows of VF for the interim periods presented. Operatingresults for the three and six months ended September 2025are not necessarily indicative of results that may be expectedfor any other interim period or for Fiscal 2026. For furtherinformation, refer to the consolidated financial statementsand notes included in VF’s Annual Report on Form 10-K forthe year ended March29, 2025 (“Fiscal 2025 Form 10-K”). Basis of Presentation OnSeptember 15,2025,VF entered into a definitiveagreementwith Bluestar Alliance LLC to sell the Dickiesbrand business ("Dickies"). The Company determined that theassociatedassets and liabilities met the held-for-