Brand PerformanceVans revenues were down significantly, with a 20% decline in the fourth quarter, attributed to actions for brand elevation and reduced sales.
Inventory ManagementVFC's inventory is approximately $500M above its optimum level, with no clear objectives on inventory turnover.
Revenue ChallengesRevenue was down 4.6% and missed consensus by 1.3%, due to a 20% decrease in Vans revenue.