VF Corporation (VFC)

Gross profit margin

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Gross profit	US$ in thousands	5,083,860	5,437,220	6,096,680	6,455,450	4,868,050
Revenue	US$ in thousands	9,504,690	10,454,700	11,612,500	11,841,800	9,238,830
Gross profit margin		53.49%	52.01%	52.50%	54.51%	52.69%

March 31, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $5,083,860K ÷ $9,504,690K
= 53.49%

The gross profit margin of VF Corporation, as reflected in the financial data provided, has shown some fluctuations over the past five years.

As of March 31, 2021, the gross profit margin was 52.69%, indicating that the company retained approximately 52.69% of its revenue after accounting for the cost of goods sold. This margin improved to 54.51% by March 31, 2022, suggesting a more efficient management of production costs or a potential increase in selling prices.

However, in the subsequent years, the gross profit margin experienced some decline. By March 31, 2023, it decreased to 52.50%, and further dropped to 52.01% by March 31, 2024. These declines could be attributed to various factors such as rising input costs, pricing pressures, or changes in product mix.

Nevertheless, there was a rebound in the gross profit margin by March 31, 2025, where it reached 53.49%. This uptick may indicate successful strategies implemented by VF Corporation to mitigate cost challenges and optimize its production processes.

In conclusion, while there have been fluctuations in VF Corporation's gross profit margin over the past five years, the company has demonstrated an ability to adapt to changing market conditions and strive for profitability.