Pvh Corporation Stock Price, News & Analysis

PVH Corp. reported a 2% increase in Q4 revenue, reaching $2.489 billion, exceeding guidance, with 8% growth on a constant currency basis. Full-year revenue slightly decreased by 1% to $9.024 billion but grew 5% when adjusted for currency. Fourth-quarter GAAP EPS hit $2.18, significantly above the $0.45 guidance, while full-year GAAP EPS was $3.03, surpassing the $1.37 guidance. For 2023, PVH forecasts a revenue increase of 3-4% and an EPS of around $10.00. The company continues to focus on the PVH+ Plan, enhancing brand desirability and aiming for double-digit EPS growth.

PVH Corp (NYSE: PVH) announced it will release its fourth quarter and year-end 2022 earnings on March 27, 2023, after market close. A conference call is scheduled for March 28, 2023, at 9:00 A.M. Eastern Time, hosted by CEO Stefan Larsson and CFO Zac Coughlin, to discuss the results. The call will be accessible via the company's website, where a replay will be available for 12 months. PVH is recognized as a leading fashion company with brands like Calvin Klein and TOMMY HILFIGER, operating in over 40 countries.

PVH Corp. has appointed Amber McCann as Executive Vice President and Chief Communications Officer, effective April 6, 2023. With over 25 years of experience, McCann will lead the company's global communication strategies and report to CEO Stefan Larsson. She previously held significant roles at Poshmark and Levi Strauss & Co., where she successfully managed communication strategies through pivotal company milestones. McCann expressed excitement for the future of iconic brands like Calvin Klein and TOMMY HILFIGER under the PVH+ Plan, aiming for growth and consumer engagement.

PVH Corp. has declared a quarterly cash dividend of $0.0375 per share, payable on March 29, 2023, to stockholders of record on March 8, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders while focusing on the growth of its key brands, Calvin Klein and Tommy Hilfiger. The company's strategy emphasizes brand strength and relevance, targeting consumer preferences to drive future growth.

PVH Corp. (NYSE: PVH) announced the appointment of Donald Kohler as President of Calvin Klein Americas, effective March 13, 2023. With over 30 years of retail leadership experience, Kohler has previously led brands including Burberry and Diesel in the Americas. CEO Stefan Larsson expressed confidence in Kohler's ability to enhance consumer connections for Calvin Klein. Kohler aims to drive growth for the brand in this pivotal moment for the company. The press release emphasized ongoing efforts to execute the PVH+ Plan and build a leadership team for enhanced regional and brand focus.

PVH Corp. has announced the five finalists for the 2022 Tommy Hilfiger Fashion Frontier Challenge, selected from 259 applicants worldwide. The initiative promotes inclusivity in fashion, focusing on marginalized entrepreneurs, including BIPOC and those with disabilities. Each finalist will present their business concept to a jury, including Tommy Hilfiger and activist Halima Aden, at the finale on February 9, 2023. The challenge offers a €200,000 award and mentorship opportunities to winners, aligning with PVH's sustainability mission to 'Waste Nothing and Welcome All.'

PVH Corp. (NYSE:PVH) has appointed Eva Serrano as Global Brand President of Calvin Klein, effective March 2023. With over 20 years of leadership experience at Inditex, Serrano aims to enhance Calvin Klein's global presence. Reporting to Stefan Larsson, CEO of PVH, she brings expertise in product, marketing, and supply chain management. Serrano expressed her passion for the brand and the desire to unlock its potential worldwide. This appointment aligns with PVH’s ongoing PVH+ Plan for growth.