Pvh Corporation - PVH STOCK NEWS

PVH Corp. has declared a quarterly cash dividend of $0.0375 per share, scheduled for payment on June 29, 2022. This dividend is payable to stockholders of record as of June 8, 2022. PVH, recognized for its global brands like Calvin Klein and TOMMY HILFIGER, operates in over 40 countries. The company's commitment to driving fashion forward is fundamental to its strategy.

PVH Corp. has unveiled its PVH+ Plan, a strategic roadmap aimed at achieving sustainable growth through 2025. The plan focuses on leveraging the iconic Calvin Klein and Tommy Hilfiger brands to drive high single-digit CAGR globally, targeting total revenue of $12.5 billion, with an operating margin of 15% and free cash flow exceeding $1 billion. Additionally, the Board has authorized a $1 billion increase to its stock repurchase program, reinforcing its commitment to shareholder value.

PVH Corp (NYSE: PVH) will host its Investor Day on April 13, 2022, at 8:30 a.m. EDT. CEO Stefan Larsson and executive team members will outline the company’s multi-year strategic growth plan, followed by a Q&A session.

A live video webcast will be available on the company’s website, www.pvh.com, and a replay will be accessible for 12 months post-event. PVH is celebrated for iconic brands like Calvin Klein and TOMMY HILFIGER, and operates in over 40 countries.

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 Michael Calbert to its Board of Directors, effective May 2, 2022, as part of a Board refreshment process. He is set to succeed Henry Nasella as non-executive Chair, who will not seek re-election at the June 16, 2022 annual meeting after 19 years on the Board. Calbert, with extensive experience in retail and corporate finance, aims to support PVH's growth strategy under the leadership of Stefan Larsson, CEO, while continuing the legacy established by Nasella.

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.