{
 "company": "V.F. Corporation",
 "ticker": "VFC",
 "sector": "apparel and footwear",
 "asOf": {
  "date": "2026-06",
  "label": "June 2026"
 },
 "fiscalYearEnd": null,
 "revenueUsdM": 9605.2,
 "normalizedSga": {
  "pctRevenue": 39.62,
  "peerCount": 14,
  "peerMedianPctRevenue": 37.7,
  "peerLeanQuartilePctRevenue": 28.4,
  "peers": [
   {
    "ticker": "LEVI",
    "name": "Levi Strauss & Co.",
    "normalizedSgaPctRevenue": 43.56
   },
   {
    "ticker": "COLM",
    "name": "Columbia Sportswear Company",
    "normalizedSgaPctRevenue": 37.74
   },
   {
    "ticker": "CROX",
    "name": "Crocs, Inc.",
    "normalizedSgaPctRevenue": 25.89
   },
   {
    "ticker": "DECK",
    "name": "Deckers Outdoor Corporation",
    "normalizedSgaPctRevenue": 24.31
   },
   {
    "ticker": "FIGS",
    "name": "FIGS, Inc.",
    "normalizedSgaPctRevenue": 45.73
   },
   {
    "ticker": "KTB",
    "name": "Kontoor Brands, Inc.",
    "normalizedSgaPctRevenue": 28.43
   },
   {
    "ticker": "OXM",
    "name": "Oxford Industries, Inc.",
    "normalizedSgaPctRevenue": 48.31
   },
   {
    "ticker": "PVH",
    "name": "PVH Corp.",
    "normalizedSgaPctRevenue": 44.65
   },
   {
    "ticker": "RL",
    "name": "Ralph Lauren Corporation",
    "normalizedSgaPctRevenue": 46.06
   },
   {
    "ticker": "SGC",
    "name": "Superior Group of Companies, Inc.",
    "normalizedSgaPctRevenue": 35.23
   },
   {
    "ticker": "UAA",
    "name": "Under Armour, Inc.",
    "normalizedSgaPctRevenue": 36.08
   },
   {
    "ticker": "VNCE",
    "name": "Vince Holding Corp.",
    "normalizedSgaPctRevenue": 41.83
   },
   {
    "ticker": "VSCO",
    "name": "Victoria's Secret & Company",
    "normalizedSgaPctRevenue": 25.45
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "advertising",
   "label": "Advertising",
   "pctRevenue": 8.84,
   "companiesDisclosing": 13,
   "peersDisclosing": [
    {
     "ticker": "LEVI",
     "pctRevenue": 6.96
    },
    {
     "ticker": "COLM",
     "pctRevenue": 6.48
    },
    {
     "ticker": "CROX",
     "pctRevenue": 9.74
    },
    {
     "ticker": "DECK",
     "pctRevenue": 9.06
    },
    {
     "ticker": "FIGS",
     "pctRevenue": 14.75
    },
    {
     "ticker": "KTB",
     "pctRevenue": 6.04
    },
    {
     "ticker": "OXM",
     "pctRevenue": 7.04
    },
    {
     "ticker": "PVH",
     "pctRevenue": 5.54
    },
    {
     "ticker": "RL",
     "pctRevenue": 7.82
    },
    {
     "ticker": "UAA",
     "pctRevenue": 10.11
    },
    {
     "ticker": "VNCE",
     "pctRevenue": 4.8
    },
    {
     "ticker": "VSCO",
     "pctRevenue": 6.79
    }
   ],
   "note": "A brand-investment choice; advertising sits outside the normalized SG&A line, so it does not explain the Exhibit 2 gap."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 0.8,
   "companiesDisclosing": 14,
   "peersDisclosing": [
    {
     "ticker": "LEVI",
     "pctRevenue": 1.3
    },
    {
     "ticker": "COLM",
     "pctRevenue": 0.71
    },
    {
     "ticker": "CROX",
     "pctRevenue": 0.91
    },
    {
     "ticker": "DECK",
     "pctRevenue": 0.82
    },
    {
     "ticker": "FIGS",
     "pctRevenue": 4.26
    },
    {
     "ticker": "KTB",
     "pctRevenue": 1.24
    },
    {
     "ticker": "OXM",
     "pctRevenue": 1.06
    },
    {
     "ticker": "PVH",
     "pctRevenue": 0.49
    },
    {
     "ticker": "RL",
     "pctRevenue": 1.37
    },
    {
     "ticker": "SGC",
     "pctRevenue": 0.94
    },
    {
     "ticker": "UAA",
     "pctRevenue": 0.92
    },
    {
     "ticker": "VNCE",
     "pctRevenue": 0.13
    },
    {
     "ticker": "VSCO",
     "pctRevenue": 0.84
    }
   ],
   "note": "Right at the peer median. Not distorting the overhead picture."
  },
  {
   "key": "restructuring",
   "label": "Restructuring",
   "pctRevenue": 0.45,
   "companiesDisclosing": 14,
   "peersDisclosing": [
    {
     "ticker": "LEVI",
     "pctRevenue": 0.39
    },
    {
     "ticker": "COLM",
     "pctRevenue": 0.0
    },
    {
     "ticker": "CROX",
     "pctRevenue": 0.0
    },
    {
     "ticker": "DECK",
     "pctRevenue": 0.0
    },
    {
     "ticker": "FIGS",
     "pctRevenue": 0.0
    },
    {
     "ticker": "KTB",
     "pctRevenue": 1.72
    },
    {
     "ticker": "OXM",
     "pctRevenue": 0.0
    },
    {
     "ticker": "PVH",
     "pctRevenue": 0.0
    },
    {
     "ticker": "RL",
     "pctRevenue": 0.0
    },
    {
     "ticker": "SGC",
     "pctRevenue": 0.0
    },
    {
     "ticker": "UAA",
     "pctRevenue": 2.57
    },
    {
     "ticker": "VNCE",
     "pctRevenue": 0.0
    },
    {
     "ticker": "VSCO",
     "pctRevenue": 0.0
    }
   ],
   "note": "$43M of filed restructuring charges run in line with the typical peer, counted wherever they sit on the P&L; one-time charges are stripped from the Exhibit 2 number either way."
  }
 ],
 "gapToPeers": {
  "toPeerMedian": {
   "usdM": 90,
   "bps": 94
  },
  "toLeanQuartile": {
   "usdM": 912,
   "bps": 949
  }
 },
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": 5,
   "peerTsrPct": -4,
   "driverPp": {
    "Revenue growth": -15,
    "Gross margin": 53.1,
    "SG&A": -50.6,
    "Multiple": -7,
    "Other": 28.5
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": -69,
   "peerTsrPct": 32,
   "driverPp": {
    "Revenue growth": -39.4,
    "Gross margin": -21,
    "SG&A": 0.4,
    "Multiple": -33.5,
    "Other": -7.1
   }
  },
  {
   "label": "5 years",
   "span": "FY2020 to FY2025",
   "companyTsrPct": -66,
   "peerTsrPct": 95,
   "driverPp": {
    "Revenue growth": -81.6,
    "Gross margin": -113.7,
    "SG&A": 44.2,
    "Multiple": 26,
    "Other": -35.0
   }
  },
  {
   "label": "10 years",
   "span": "FY2016 to FY2025",
   "companyTsrPct": -60,
   "peerTsrPct": 323,
   "driverPp": {
    "Revenue growth": -99.3,
    "Gross margin": -188.9,
    "SG&A": 98.6,
    "Multiple": -124.2,
    "Other": -68.6
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/VFC",
  "json": "https://sgabenchmarking.com/r/VFC.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}