The snowy weather in many parts of the U.S. this winter has spelled hotter sales for North Face.
But only about 25 percent of the products of
In VF's jeans business, sales were unchanged at
Products designed for winter did better. North Face revenue rose 12 percent, with sales in company stores and online rising 30 percent. Wholesale revenue — its sales of product to other retailers — rose by a "mid-single-digit" percentage. While retailers' orders were more modest, the company said it expects momentum to pick up this year.
Revenue for its "outdoor and action sports" brands rose 12 percent to
"In what has arguably been the coldest winter in recent memory, companies that can provide warmth have been winning," Jefferies analyst
Some competitors have also credited winter weather with helping sales. Stronger sales of fleece, gloves and other cold-weather gear helped lift sports uniform maker
Konik said that Deckers Ourdoor Corp., the maker of Ugg sheepskin boots, should also benefit. The company reports its quarterly results on
Investors will also be watching next week to see if
Overall, VF's fourth-quarter net income increased 10 percent to
The company's outlook for this year was also below
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