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

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

6 Months Ended

Sep. 28, 2024


	Three Months Ended September				Six Months Ended September

(In thousands, except per share amounts)	2024		2023		2024		2023
Earnings (loss) per share – basic:
Income (loss) from continuing operations	$	202,509	$	(451,642)	$	50,482	$	(514,617)
Weighted average common shares outstanding	389,044		388,338		388,892		388,249
Earnings (loss) per share from continuing operations	$	0.52	$	(1.16)	$	0.13	$	(1.33)
Earnings (loss) per share – diluted:
Income (loss) from continuing operations	$	202,509	$	(451,642)	$	50,482	$	(514,617)
Weighted average common shares outstanding	389,044		388,338		388,892		388,249
Incremental shares from stock options and other dilutive securities	1,901		—		1,306		—
Adjusted weighted average common shares outstanding	390,945		388,338		390,198		388,249
Earning (loss) per share from continuing operations	$	0.52	$	(1.16)	$	0.13	$	(1.33)

Outstanding stock options and other potentially dilutive securities of approximately 13.1 million and 15.9 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2024, respectively, because the effect of their inclusion would have been anti-dilutive to those periods. In addition, 2.4 million and 1.6 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three and six-months periods ended September 2024, respectively, because these units were not considered to be contingent outstanding shares in those periods.

In the three and six-month periods ended September 2023, the dilutive impacts of all outstanding stock options and other dilutive securities were excluded from dilutive shares as a result of the Company's loss from continuing operations for the periods and, as such, their inclusion would have been anti-dilutive. As a result, a total of 19.3 million and 19.0 million potentially dilutive shares related to stock options and other dilutive securities were excluded from the diluted loss per share calculations for the three and six-month periods ended September 2023, respectively.