VF Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

NET LOSS PER SHARE

3 Months Ended

Jul. 01, 2023


	Three Months Ended June

(In thousands, except per share amounts)	2023		2022
Net loss per common share – basic:
Net loss	$	(57,425)	$	(55,960)
Weighted average common shares outstanding	388,160		387,563
Net loss per common share	$	(0.15)	$	(0.14)
Net loss per common share – diluted:
Net loss	$	(57,425)	$	(55,960)
Weighted average common shares outstanding	388,160		387,563
Incremental shares from stock options and other dilutive securities	—		—
Adjusted weighted average common shares outstanding	388,160		387,563
Net loss per common share	$	(0.15)	$	(0.14)

In the three-month periods ended June 2023 and June 2022, the dilutive impacts of outstanding stock options and other dilutive securities were excluded from dilutive shares as a result of the Company's net loss for the periods and, as such, their inclusion would have been anti-dilutive. As a result, a total of 18.6 million and 13.3 million potentially dilutive shares related to stock options and other dilutive securities were excluded from the diluted earnings per share calculations for the three-month periods ended June 2023 and June 2022, respectively.