VF
24 named things its latest annual report says its results depend on, each in the company's own words. 21 of them are also named by other companies we've read.
Customers
Largest customers (top ten)
earns from · approximately 17% of total revenuesnamed as a riskSales to VF’s ten largest customers were approximately 17% of total revenues in Fiscal 2026, with our largest customer accounting for approximately 4% of revenues.Risk factors (Item 1A)
Other companies
Napapijri
$30.7 millionnamed as a riskAs a result of the impairment testing performed, VF recorded an impairment charge of $30.7 million to the Napapijri reporting unit goodwill.Risk factors (Item 1A)
Kontoor Brands, Inc.
named as a riskIf, notwithstanding receipt of the opinions, the spin-off transaction and certain related transactions are determined to be taxable, we would be subject to a substantial tax liability.Risk factors (Item 1A)
Places
Russia
operates in · $50.4 million of cash in Russianamed as a riskIn addition, as of March 28, 2026, there was approximately $50.4 million of cash in Russia that, although it can be used without limits within Russia, is currently limited on movement out of Russia.Risk factors (Item 1A)
Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more
Europe
earns from · 35%In Fiscal 2026, VF derived 50% of its revenues from the Americas, 35% from Europe and 15% from Asia-Pacific.Business (Item 1)
Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more
United States
concentrated in · 56% in the U.S.Approximately 64% of our stores are located in the Americas (56% in the U.S.), 26% in Europe and 10% in Asia-Pacific.Business (Item 1)
Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more
Asia-Pacific
earns from · 15%In Fiscal 2026, VF derived 50% of its revenues from the Americas, 35% from Europe and 15% from Asia-Pacific.Business (Item 1)
Also named by AIG, AVY, BLK, BNY, CCK, CL, COHR, DCI and 17 more
Americas
earns from · 50%In Fiscal 2026, VF derived 50% of its revenues from the Americas, 35% from Europe and 15% from Asia-Pacific.Business (Item 1)
Also named by BLK, CYRX, DELL, EMR, FDS, FICO, GGG, GS and 6 more
China
named as a riskThe success of VF’s business depends on consumer spending on apparel, footwear, equipment and accessories, and there are a number of factors that influence consumer spending, including actual and perceived economic conditions, disposable consumer income, interest rates, consumer credit availability, inflationary pressures, recessions or economic slowdowns, unemployment, stock market performance, weather conditions and natural disasters (including potential climate risks and impacts), energy and commodity prices, public health issues, geopolitical and political instability (such as the current tensions between the U.S. and China, and the current conflicts in Europe, the Middle East and Asia), trade wars, consumer discretionary spending patterns and tax rates in the international, national, regional and local markets where VF’s products are sold.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Asia
depends onnamed as a riskDuring Fiscal 2026, VF’s products were sourced from independent manufacturers primarily located in Asia.Risk factors (Item 1A)
Also named by AAPL, AYI, CART, CB, CDW, CHD, CLS, COHR and 31 more
Ontario, California
operates innamed as a riskOur largest distribution centers by region are located in Ontario, California; Almelo, the Netherlands; and Kunshan, China.Business (Item 1)
Hazards
Earthquakes
named as a riskBecause substantially all of VF’s products are distributed from a relatively small number of locations, VF’s operations could also be interrupted by earthquakes, extreme environmental conditions, fires, floods or other natural disasters (including potential climate risks and impacts) or other events outside VF's control affecting its distribution centers, including political or labor instability.Risk factors (Item 1A)
Also named by AAPL, AMKR, AN, ANET, APP, BRO, CDNS, CEG and 37 more
Weather (unseasonably warm weather)
named as a riskA significant portion of the sales of our products is dependent in part on the weather and is likely to decline in years in which weather conditions do not favor the use of these products.Risk factors (Item 1A)
Also named by AAP, CLX, CPRT, DASH, DECK, ENB, GVA, LII and 4 more
Middle East conflict
named as a riskFor example, the conflict in the Middle East has resulted in and is expected to continue to result in customer order cancellations, higher oil prices, an increase in shipping costs, and an increase in raw material costs.Risk factors (Item 1A)
Commodities and inputs
Euro
exposed to its pricenamed as a riskVF also has foreign currency debt obligations (euro bonds) and as a result is exposed to risks related to maturity and interest cash outflows which could be adversely impacted by significant appreciation of foreign currency exchange rates (particularly the euro), which could adversely impact our overall cash flows and interest expense.Risk factors (Item 1A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Oil
exposed to its pricenamed as a riskFor example, the conflict in the Middle East has resulted in and is expected to continue to result in customer order cancellations, higher oil prices, an increase in shipping costs, and an increase in raw material costs.Risk factors (Item 1A)
Also named by AYI, BAX, BSM, GM, GRC, J, JBL, JEF and 6 more
Cotton
exposed to its pricenamed as a riskFluctuations in the price, availability and quality of purchased finished goods or the fabrics, leather, cotton or other raw materials used therein could have a material adverse effect on VF’s cost of goods sold or its ability to meet its customers’ demands.Risk factors (Item 1A)
Also named by CAH, CROX, FPI, LULU, NKE, PVH, RL, SNEX and 2 more
Leather
exposed to its pricenamed as a riskFluctuations in the price, availability and quality of purchased finished goods or the fabrics, leather, cotton or other raw materials used therein could have a material adverse effect on VF’s cost of goods sold or its ability to meet its customers’ demands.Risk factors (Item 1A)
Laws and programs
OECD Pillar Two
subject tonamed as a riskThese changes include rules published by the Organisation for Economic Co-operation and Development (“OECD”) to address tax challenges arising from the digitization of the economy (i.e., Global Anti Base Erosion (“GloBE”) rules and Subject to Tax Rule (“STTR”) or “Pillar Two”) and are expected to increase our tax obligations and compliance costs in the countries where VF operates.Risk factors (Item 1A)
Also named by APO, BAM, BAX, BF/B, CHRW, COHR, CPNG, CRM and 45 more
U.S. Foreign Corrupt Practices Act (FCPA)
subject tonamed as a riskOur operations are also subject to compliance with the U.S. Foreign Corrupt Practices Act (the “FCPA”) and other anti-bribery laws applicable to our operations.Risk factors (Item 1A)
Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more
U.S. tariffs on imports
subject tonamed as a riskFor example, the U.S. government has instituted changes in trade policies imposing higher tariffs on imports into the U.S.Risk factors (Item 1A)
Also named by AAP, ABT, ALLY, ATR, AZO, BBW, BWA, CMG and 19 more
EU Corporate Sustainability Reporting Directive (CSRD)
subject tonamed as a riskIf our environmental, social and governance related data, information, processes or reporting are incomplete or inaccurate, our reputation, business, financial performance and growth could be adversely affected.Risk factors (Item 1A)
Also named by AMAT, AVY, CBRE, FFIV, GNRC, HLT, IEX, INGR and 19 more