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 16% revenue increase in Q4 2021 to $2.430 billion, exceeding guidance. Full-year revenue rose 28% to $9.155 billion. Digital sales grew 30%, with 25% digital penetration. Q4 EPS was $5.53 (GAAP) and $2.84 (non-GAAP). Despite growth, the 2022 outlook projects 2%-3% revenue growth amid geopolitical challenges affecting earnings by $0.70 per share. The company reduced debt with voluntary payments exceeding $1 billion in 2021.
PVH Corp. announced the opening of applications for the fourth edition of the Tommy Hilfiger Fashion Frontier Challenge, focusing on social entrepreneurs from historically underrepresented communities. The initiative supports innovative ideas aimed at enhancing inclusivity in fashion. Interested applicants can submit proposals until April 29, 2022, with €200,000 in prizes and mentorship opportunities available. The program aligns with Tommy Hilfiger's sustainability vision, promoting diversity and equity in the industry.
PVH Corp. announced the appointment of
PVH Corp (NYSE: PVH) will release its fourth quarter and full year 2021 earnings results on March 29, 2022, after market close. A conference call hosted by CEO Stefan Larsson and Interim CFO Jim Holmes will occur on March 30, 2022, at 9:00 A.M. ET to discuss the results. The call will be webcast live on the company’s website, with a replay available for 12 months. Forward-looking statements about future performance will be included, subject to risks outlined in SEC filings.
PVH Corp. has declared a quarterly cash dividend of $0.0375 per share, payable on March 30, 2022, to stockholders on record as of March 11, 2022. The company, recognized as a leading fashion entity globally, operates iconic brands such as Calvin Klein and TOMMY HILFIGER. This strategic move reflects PVH's commitment to returning value to shareholders while navigating the ongoing challenges posed by supply chain disruptions and market volatility.
PVH Corp. has appointed Zac Coughlin as Executive Vice President and Chief Financial Officer (CFO), effective April 4, 2022. Coughlin, former CFO at DFS Group Limited, brings over 20 years of financial leadership experience, including roles at Converse, Inc. and Ford Motor Company. CEO Stefan Larsson emphasized Coughlin's operational capabilities and track record of value creation as vital for the company’s growth. Jim Holmes, the Interim CFO, will transition to Executive Vice President, Controller.
Ecovative has launched a sustainable fashion cooperative with global brands BESTSELLER and PVH Corp. This partnership aims to explore mycelium innovations through the Forager™ Hides platform, enabling the development of custom mycelium materials. The cooperative, supported by Fashion for Good, focuses on creating bio-based, petroleum-free vegan leather solutions. Ecovative's mycelium materials, grown in sheets, promise lower environmental impact while meeting consumer demands for quality.
Tommy Hilfiger, part of PVH Corp., announced six finalists for the 2021 Fashion Frontier Challenge, aimed at supporting BIPOC entrepreneurs in fashion. The event, taking place virtually on January 12-13, 2022, includes a €200,000 prize for the winners, to be split between two selected innovators. The finalists, chosen from over 430 applications, propose impactful business ideas focused on sustainability and inclusivity. The challenge further emphasizes Tommy Hilfiger's commitment to a more inclusive fashion industry.
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