V F CORP Earnings Per Share Disclosure
| Year Ended March | |||||||||||||||||||||||
| (In thousands, except per share amounts) | 2025 | 2024 | 2023 | ||||||||||||||||||||
| Earnings (loss) per share — basic: | |||||||||||||||||||||||
| Income (loss) from continuing operations | $ | 69,324 | $ | (1,018,477) | $ | 755,734 | |||||||||||||||||
| Weighted average common shares outstanding | 389,152 | 388,360 | 387,763 | ||||||||||||||||||||
| Earnings (loss) per share from continuing operations | $ | 0.18 | $ | (2.62) | $ | 1.95 | |||||||||||||||||
| Earnings (loss) per share — diluted: | |||||||||||||||||||||||
| Income (loss) from continuing operations | $ | 69,324 | $ | (1,018,477) | $ | 755,734 | |||||||||||||||||
| Weighted average common shares outstanding | 389,152 | 388,360 | 387,763 | ||||||||||||||||||||
| Incremental shares from stock options and other dilutive securities | 3,419 | — | 607 | ||||||||||||||||||||
| Adjusted weighted average common shares outstanding | 392,571 | 388,360 | 388,370 | ||||||||||||||||||||
| Earnings (loss) per share from continuing operations | $ | 0.18 | $ | (2.62) | $ | 1.95 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | May 22, 2025 | Showing above |
| 2024 | May 23, 2024 | |
| 2023 | May 25, 2023 | |
| 2022 | May 26, 2022 | |
| 2021 | May 27, 2021 | |
| 2020 | May 27, 2020 | |
| 2019 | May 24, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Mar 1, 2017 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.