Welcome to our dedicated page for Pvh Corporation news (Ticker: PVH), a resource for investors and traders seeking the latest updates and insights on Pvh Corporation stock.
PVH Corp. (PVH) drives global fashion through iconic brands like Calvin Klein and Tommy Hilfiger. This news hub provides investors and industry professionals with essential updates from the apparel leader.
Track official press releases, financial disclosures, and strategic developments affecting PVH's market position. Our curated feed includes earnings reports, sustainability initiatives, leadership changes, and partnership announcements.
Stay informed about wholesale distribution updates, licensing expansions, and retail innovations across PVH's 40+ country operations. Content is verified through primary sources to ensure reliability for investment research and market analysis.
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PVH Corp [NYSE: PVH] has announced plans to enter into $500 million accelerated share repurchase (ASR) agreements to buy back approximately 14% of its outstanding shares. The company will initially receive about 5.4 million shares, representing 70% of estimated total repurchases.
The ASR will be executed under PVH's existing $5.0 billion stock repurchase authorization, with $1.8 billion remaining available as of February 2, 2025. The transaction will be funded through $350 million cash on hand and up to $150 million in short-term debt, which PVH expects to repay by fiscal year-end 2025.
The final settlement, based on the volume-weighted average stock price during the ASR term, is anticipated during the third quarter of fiscal 2025. CFO Zac Coughlin cited the company's robust cash flow generation and current stock valuation as presenting a unique opportunity for significant shareholder capital return.
PVH Corp reported Q4 2024 revenue of $2.372 billion, down 5% year-over-year but exceeding guidance. Full-year revenue decreased 6% to $8.653 billion. Q4 non-GAAP EPS was $3.27, surpassing guidance of $3.05-$3.20.
Tommy Hilfiger revenue declined 5% while Calvin Klein decreased 2% in Q4. The company achieved record gross margins and double-digit non-GAAP EBIT margin in 2024, with strong profitability in North America and sequential improvements in Europe wholesale orders.
For 2025, PVH projects revenue to be flat to slightly increasing, with EPS guidance of $12.40-$12.75 on a non-GAAP basis. The company completed $500 million in stock repurchases during 2024 and plans another $500 million in accelerated share repurchases for 2025.
PVH Corp (NYSE: PVH) has scheduled the release of its fourth quarter and year-end 2024 earnings results for Monday, March 31, 2025, after market close. The company will host a conference call on Tuesday, April 1, 2025, at 9:00 A.M. Eastern Time.
The call will feature CEO Stefan Larsson and CFO Zac Coughlin discussing the results. A live webcast will be available on the company's website under the Investors section, with the replay remaining accessible for 12 months after the call.
PVH Corp (NYSE:PVH) has announced that its Executive Committee of the Board of Directors has declared a quarterly cash dividend of $0.0375 per share. The dividend will be payable on March 26, 2025, to stockholders of record as of March 5, 2025.
Revman International has secured a license agreement with Tommy Hilfiger, a PVH Corp. [NYSE:PVH] subsidiary, for home accessories in North America. The agreement, running through 2029, covers the development, manufacturing, and distribution of home products in the U.S., Canada, and Mexico.
The new TOMMY HILFIGER home collection, launching in Spring 2025, will feature fashion bedding and bath products made from high-quality materials. The collection emphasizes coastal prep design elements, including crisp cottons, signature embroideries, and rich textures. Distribution will occur through major retail channels across all three countries.
Rich Roman, Revman's President and CEO, expressed confidence in the partnership, highlighting Tommy Hilfiger's iconic American style. Karina Spar, PVH's Executive Vice President of Licensing, emphasized Revman's expertise in lifestyle bed and bath products as key to reinforcing the brand's presence in the home category.
PVH Corp reported Q3 2024 results with revenue decreasing 5% to $2.255 billion, exceeding guidance of a 6-7% decrease. EPS on a GAAP basis was $2.34, while non-GAAP EPS was $3.03, both above guidance. The company's gross margin improved by 170 basis points to 58.4%.
For full-year 2024, PVH reaffirmed projected revenue decrease of 6-7% and updated EPS guidance to $10.55-$10.70 on a GAAP basis and $11.55-$11.70 on a non-GAAP basis. The company repurchased 300,000 shares for $29 million during Q3, bringing total repurchases to 2.4 million shares for $254 million in the first nine months of 2024.
PVH Corp. (NYSE: PVH) has announced its upcoming third quarter 2024 earnings release and conference call schedule. The earnings results will be released on Wednesday, December 4, 2024, after market close. The company will host a conference call on Thursday, December 5, 2024, at 9:00 A.M. Eastern Time, featuring CEO Stefan Larsson and CFO Zac Coughlin. The call will be broadcast live online through PVH's website, with a replay available for 12 months.
PVH Corp. [NYSE: PVH] has appointed Jesper Andersen, Executive Vice President and CFO of the LEGO Group, to its Board of Directors and Audit and Risk Management Committee. Andersen, who became LEGO's CFO in October 2020, brings over 25 years of global leadership experience, including CFO roles at Upfield and Beiersdorf, and two decades in finance leadership at Colgate-Palmolive. His appointment aims to leverage his expertise in driving sustainable brand growth and financial management to support PVH's strategy of developing Calvin Klein and Tommy Hilfiger into leading lifestyle brands.
PVH Corp [NYSE:PVH] has announced that its Executive Committee of the Board of Directors has declared a quarterly cash dividend of $0.0375 per share. The dividend will be paid on December 18, 2024 to stockholders of record as of November 27, 2024.
PVH Corp. (NYSE:PVH) has appointed Fredrik Olsson as CEO of PVH EMEA, effective Q4 2024. Olsson, a retail veteran, joins from Max Fashion where he served as CEO. He previously spent over 20 years at H&M Group, contributing to its global growth. At PVH, Olsson will report to CEO Stefan Larsson and focus on building the market-leading strength of Tommy Hilfiger and Calvin Klein in the EMEA region.
Olsson's appointment aligns with PVH's long-term brand-building growth strategy, the PVH+ Plan. He brings extensive experience in driving profitable growth through international expansion, digital acceleration, and business transformation. Olsson will relocate to Amsterdam and be based at PVH's EMEA regional headquarters.
