VF Corp. reported revenue decline of 3 percent, to $2.1 billion, in its Outdoor & Action Sports coalition in the fourth quarter ended Jan. 2, The company cited warm weather and a week less of sales compared with the year earlier quarter.
Excluding the 53rd week of results from the prior fiscal year and the effects of currency translation, segment sales rose 5 percent, said the company.
Fourth quarter operating income for Outdoor & Action Sports declined 11 percent to $386 million. Operating margin was 18.4 percent in the quarter and 17.1 percent for the full year. Full year Outdoor & Action Sports revenue increased 3 percent in 2015 to $7.4 billion.
“The final quarter of 2015 challenged many companies to leverage core strengths and adapt quickly to a changing landscape,” VF Chairman and CEO　 Eric Wiseman said in reference to a softer consumer environment, record warm weather and a strengthening U.S. dollar.
Fourth quarter revenue for The North Face brand was down 4 percent. Excluding the negative impact of foreign currency and the 53rd week, fourth quarter revenue for The North Face brand was up 1 percent.
