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Research Alert: V.f. Corporation Sees Early Success In Turnaround

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

VFC delivered solid Q4 FY 26 (Mar.) results with revenue of $2.166B (+1% Y/Y), $39M above estimates, and operating income of $62M versus a $73M loss in the prior year. Excluding the divested Dickies brand, revenue grew +8% Y/Y, ahead of guidance, with adjusted gross margin expanding 260 bps to 56.4%. We believe the turnaround story remains strong and are impressed with North Face (+12% Y/Y) and Timberland (+8% Y/Y) strength, while Vans showed early stabilization signs with Americas DTC returning to growth. Management reinstated FY 27 guidance, projecting +1% to +2% constant currency revenue growth with ~8% operating margin. Net debt declined $800M, reducing leverage from 4.1x to 3.1x, representing substantial progress toward the 2.5x target. We expect continued progress as the company executes its strategy to focus on core brands and strengthen the balance sheet, with Vans stabilization and sustained North Face/Timberland performance positioning VFC well for FY 27.

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Research Alert: CFRA Maintains Hold Opinion On Shares Of Under Armour Inc.

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