VF Corporation (VFC)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	-158,169	-277,607	-249,316	-73,074	686,134	1,029,722	563,314	615,162	273,948	459,408	1,148,276	1,336,171	1,159,431	907,447	679,407	254,827	2,123,798	2,290,231	2,568,184	2,865,711
Revenue (ttm)	US$ in thousands	9,794,050	9,852,870	10,068,710	10,184,130	10,558,980	11,142,770	11,214,850	11,421,180	11,537,730	11,647,950	11,764,430	11,695,020	11,354,050	10,739,450	10,184,120	9,100,770	8,757,870	8,941,450	9,514,190	10,488,550
Gross profit margin		-1.61%	-2.82%	-2.48%	-0.72%	6.50%	9.24%	5.02%	5.39%	2.37%	3.94%	9.76%	11.43%	10.21%	8.45%	6.67%	2.80%	24.25%	25.61%	26.99%	27.32%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-158,169K ÷ $9,794,050K
= -1.61%

VF Corporation's gross profit margin has shown fluctuations over the past few years, starting at 27.32% as of March 31, 2020, and decreasing to 1.61% as of December 31, 2024.

The trend saw a gradual decline from 2020 to 2021, reaching a low of 2.80% in March 2021. However, there was a notable improvement in the following quarters, with the margin increasing steadily to 11.43% by March 31, 2022.

Subsequently, there was some volatility in the margin, experiencing ups and downs, with the highest point being 9.24% as of September 30, 2023. The margin then declined to negative values in the last few quarters of 2024, with December 31, 2024, showing a gross profit margin of -1.61%.

Overall, the gross profit margin of VF Corporation has displayed variation over the analyzed period, with periods of improvement followed by declines and fluctuations, suggesting changing profitability dynamics within the company during this time frame.