VF Corporation reported its first quarter fiscal 2025 results, revealing a revenue of $1.91 billion, unchanged from the prior quarter but down significantly year-over-year. The corporation demonstrated a commitment to transformation through cost reductions and strategic leadership changes amidst continued market headwinds, particularly in its Vans brand. Bracken Darrell, CEO, emphasized a sustained focus on operational excellence and brand strength, highlighting cost savings initiatives aimed at achieving $300 million by the fiscal year-end. With a net loss of $297.5 million for the quarter, management acknowledges the challenges but expresses confidence in a gradual improvement trajectory, particularly with upcoming new products and campaigns.
Notably, consolidated revenue was affected by an overall decline in its retail operations, while the Direct-to-Consumer (DTC) channels performed better comparatively. Key segments like The North Face exhibited growth in DTC, with a strong performance in the APAC region, indicating potential recovery paths globally as management targets debt reduction and improved cash flow.