Dafinchi AI

VFC

Consumer

Adjusted gross margin increased 200 basis points to 54.1%, driven by higher quality inventory, lower discounts, and FX.
Adjusted loss per share was $0.24 versus $0.35 in Q1 last year.
Adjusted operating margin was negative 3.2%, up 270 basis points year-over-year.
Excluding Vans, revenue was up 5%.
Inventories were up 4% or $76 million, excluding FX impact inventories were up 1%, with improved inventory quality and 4% lower inventory days year-over-year.
Net debt was down $1.4 billion or 20% versus last year.
North Face grew 5%, Timberland grew 9%, and Vans declined 15%, with 40% of Vans decline due to channel rationalization.
Q1 revenue was $1.8 billion, flat on a reported basis and down 2% year-over-year in constant dollars, better than guidance of down 3% to 5%.
SG&A dollars were flat year-over-year, reflecting cost savings.

HBI

Consumer

Earnings per share (EPS) rose 60% to $0.24, benefiting from higher margins and lower interest expense due to debt reduction.
Gross margin expanded by 145 basis points to 41.2%, driven by cost savings and productivity initiatives.
Hanesbrands reported a 2% increase in sales to $991 million for Q2 2025, with organic constant currency sales relatively flat year-over-year.
Net debt to adjusted EBITDA leverage ratio improved to 3.3x, down 1.3x from prior year, nearing the target range of 2 to 3x.
Operating cash flow was $36 million, supported by strong profit performance and disciplined working capital management.
Operating margin increased by 255 basis points to 15.5%, supported by gross margin expansion and SG&A leverage.

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