v3.25.2
REPORTABLE SEGMENT INFORMATION (Tables)
 3 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Schedule of Financial Information for Reportable Segments
Financial information for VF's segments is as follows:
Three Months Ended June 2025
(In thousands)OutdoorActiveTotal
Reportable segment revenues$812,466 $699,687 $1,512,153 
"All Other" revenues248,513 
Total revenues1,760,666 
Less:
Cost of goods sold386,077 298,769 
Marketing expenses71,591 53,117 
Other SG&A expenses398,553 291,280 
Other segment items (a)
1,485 317 
Segment profit (loss)(42,270)56,838 14,568 
Corporate and other expenses(104,560)
Interest expense, net(41,120)
"All Other" profit4,519 
Loss from continuing operations before income taxes$(126,593)
(a)For each reportable segment, 'Other segment items' includes certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
Three Months Ended June 2024
(In thousands)OutdoorActiveTotal
Reportable segment revenues$753,630 $776,734 $1,530,364 
"All Other" revenues238,696 
Total revenues1,769,060 
Less:
Cost of goods sold401,576 330,127 
Marketing expenses66,389 67,322 
Other SG&A expenses358,613 307,803 
Other segment items (a)
61 (17)
Segment profit (loss)(72,887)71,465 (1,422)
Corporate and other expenses(115,519)
Interest expense, net (b)
(40,947)
"All Other" loss(7,565)
Loss from continuing operations before income taxes$(165,453)
(a)For each reportable segment, 'Other segment items' includes certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)Interest expense and the related interest rate swap impact for the DDTL, which totaled $14.9 million for the three months ended June 2024, were allocated to discontinued operations due to the requirement within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.
Schedule of Reconciliation of Assets from Segment to Consolidated
(In thousands)June 2025March 2025June 2024
Segment assets:
Outdoor$1,791,623 $1,552,908 $1,638,703 
Active983,790 860,128 936,596 
All Other522,127 507,223 527,813 
Corporate and other10,161 28,429 5,984 
Total segment assets3,307,701 2,948,688 3,109,096 
Cash and cash equivalents642,386 429,382 625,436 
Property, plant and equipment, net720,785 720,879 759,811 
Goodwill and intangible assets, net2,344,578 2,314,093 2,413,985 
Operating lease right-of-use assets1,319,142 1,262,319 1,260,903 
Other assets1,815,905 1,702,175 1,714,100 
Assets of discontinued operations— — 1,658,032 
Consolidated assets$10,150,497 $9,377,536 $11,541,363 
Schedule of Reconciliation of Capital Expenditures and Depreciation and Amortization Expense
Three Months Ended June
(In thousands)20252024
Depreciation and amortization:
Outdoor$25,974 $24,388 
Active13,378 14,106 
All Other4,942 5,290 
Corporate and other20,068 20,841 
$64,362 $64,625