Welcome to our dedicated page for PVH news (Ticker: PVH), a resource for investors and traders seeking the latest updates and insights on PVH stock.
PVH Corp. (NYSE: PVH) is a leading global apparel company with a rich heritage spanning over 130 years. Originally founded in 1881 in Pottsville, PA, PVH started by mending shirts for miners and has since grown to become the world's second-largest apparel company. PVH owns and markets some of the most iconic brands in the fashion industry, including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, Arrow, Speedo, Warner’s, and Olga. In addition to its own brands, PVH also markets a variety of goods under licensed brands.
In the last decade, PVH has transformed from a North American menswear company into a global lifestyle brand organization with a significant presence in every major market in the apparel industry. The company operates e-commerce sites, about 1,500 stores, and has over 20,000 points of sale. PVH's key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. Its two major brands, Calvin Klein and Tommy Hilfiger, now generate nearly all its revenue, especially after the recent disposition of its smaller brands.
PVH has over 30,000 associates operating in more than 40 countries, speaking over 20 languages. The company's total revenue exceeds $8 billion, showcasing its financial strength and market reach. To further its growth, PVH continually engages in strategic partnerships and collaborations. Recent news highlights a new license agreement with Revman for the design, manufacturing, and distribution of Calvin Klein home accessories in the U.S., Canada, and Mexico. This collaboration aims to bring Calvin Klein's modern, minimalist aesthetic into home products, including fashion bedding, bath products, and window coverings.
PVH's commitment to innovation and sustainability is reflected in its product lines and business practices. The company emphasizes responsible design and high-quality construction, positioning its brands as leaders in the global fashion industry. PVH continues to invest in modern marketing campaigns and emerging digital platforms, ensuring its brands remain relevant and appealing to a broad consumer base.
PVH Corp. reported a remarkable 55% revenue increase, totaling $2.079 billion for Q1 2021, driven by substantial growth across its Calvin Klein and Tommy Hilfiger brands. Digital commerce surged by 66%, while wholesale revenue rose by 53%. The gross margin improved to 59.1% from 49.5% the previous year, reflecting effective inventory management. Despite these gains, the company anticipates ongoing challenges from the pandemic, especially in North America, projecting a revenue growth of 24% to 26% for the full year 2021.
PVH Corp. (NYSE:PVH) is set to announce its first quarter 2021 earnings results on June 2, 2021, after market closure. The company will host a conference call on June 3, 2021, at 9:00 A.M. ET, featuring CEO Stefan Larsson and CFO Michael Shaffer. The call will be accessible via the company’s website, with a replay option available for 12 months. PVH is recognized as a leading fashion company, connecting with customers in over 40 countries and featuring global brands like Calvin Klein and TOMMY HILFIGER.
PVH Corp. (NYSE: PVH) has joined the Americares Emergency Response Partner Program to enhance global health-focused relief initiatives. The PVH Foundation will provide annual funding for emergency preparedness, response, and recovery efforts. This partnership builds on previous support during the Texas cold weather crisis. Americares, a leading nonprofit in disaster response, aids over 30 disasters yearly and has delivered over $19 billion in assistance globally. The collaboration aims to bolster PVH's corporate responsibility strategy, emphasizing climate change impact mitigation.
PVH Corp. (NYSE: PVH) reported a 20% decline in fourth quarter revenue to $2.09 billion, with significant impacts from the COVID-19 pandemic. Non-GAAP loss per share was $(0.38), down from earnings of $1.88 a year prior. The Tommy Hilfiger and Calvin Klein brands saw revenue drops of 16% and 17% respectively. Despite the challenges, CEO Stefan Larsson highlighted strong digital growth and disciplined expense management, ending the year with over $3 billion in liquidity. For 2021, PVH forecasts a revenue increase of 22%-24% compared to 2020 and aims for GAAP earnings of approximately $5.00 per share.
PVH Corp. has appointed Alegra O’Hare as the new Chief Marketing Officer for TOMMY HILFIGER Global, effective April 12, 2021. O'Hare is set to develop innovative global marketing strategies aimed at engaging both existing and emerging consumer generations. With over 25 years of experience, she has previously served as CMO at GAP and has worked with major brands like adidas and Bang & Olufsen. Her appointment is expected to enhance TOMMY HILFIGER's brand vision and market positioning in a changing consumer landscape.
PVH Corp (NYSE: PVH) will release its fourth quarter and full year 2020 earnings results, along with a 2021 outlook, on March 30, 2021, after the market closes. A conference call, led by CEO Stefan Larsson and CFO Michael Shaffer, will take place on March 31, 2021, at 9:00 A.M. Eastern Time to discuss the results. The call will be broadcast live on the company's website. Additionally, it will feature forward-looking statements regarding future events and financial performance, subject to risks and uncertainties.
PVH Corp. [NYSE:PVH] has appointed Trish Donnelly, former CEO of Urban Outfitters Group, as CEO of PVH Americas. This strategic move aims to enhance the company’s alignment with consumer trends and strengthen its brand leadership in the Americas, overseeing Calvin Klein and Tommy Hilfiger brands. Donnelly, set to join on February 16, brings extensive leadership experience and a consumer-first strategy to drive sustainable growth. CEO Stefan Larsson emphasized her potential to unlock significant growth opportunities across the region while fostering a values-based culture.
PVH Corp. [NYSE:PVH] has appointed Trish Donnelly as the new CEO of PVH Americas, effective February 16. Donnelly, formerly the CEO of Urban Outfitters Group, will oversee Calvin Klein, Tommy Hilfiger, and Heritage Brands in the Americas, as well as the global Calvin Klein brand. Her leadership is expected to enhance PVH's market-share growth and strengthen its regional presence. CEO Stefan Larsson praised Donnelly's extensive experience in e-commerce and retail execution, indicating she will significantly contribute to PVH's values-driven strategy.
PVH Corp. [NYSE: PVH] announced Stefan Larsson as its new Chief Executive Officer and member of the Board of Directors, following a planned leadership transition. Former CEO Manny Chirico will remain as Chairman. Larsson, who joined the company in June 2019, oversaw brand recovery during the pandemic and aims to enhance consumer connection and brand relevance. Chirico expressed confidence in Larsson, praising his leadership and strategic vision for sustainable growth. PVH has evolved into a top global fashion and lifestyle firm with approximately 40,000 associates.
PVH Corp. (NYSE: PVH) announces the third edition of the Tommy Hilfiger Fashion Frontier Challenge, open for applications from January 6 to March 8, 2021. This global initiative supports BIPOC entrepreneurs aiming for positive social impact in fashion with awards totaling €200,000 and mentorship opportunities. Since 2018, the Challenge has distributed €350,000 to foster inclusivity and community change. Consumers can also participate as judges to select finalists from 200 applicants. The final event will be held in early 2022.
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