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.
Bookmark this page for real-time access to PVH's corporate communications and industry-impacting news. Check regularly for updates shaping the future of branded apparel.
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.
PVH Corp. reported a 10% revenue increase to $2.333 billion in Q3 2021, despite logistics disruptions affecting U.S. shipments. The firm raised its full-year revenue projection to 27%-28% growth compared to 2020. International revenue significantly surpassed pre-pandemic levels, while digital sales rose 15%, reaching 21% digital penetration of total revenue. Q3 GAAP EPS was $3.89, exceeding guidance, with a revised full-year GAAP EPS outlook of $10.75. The company repurchased $149 million in stock and made over $100 million in voluntary debt repayments.
PVH Corp (NYSE: PVH) will announce its Q3 2021 earnings on December 1, 2021, after market close. A conference call will be held on December 2, 2021, at 9:00 A.M. ET, led by CEO Stefan Larsson and Interim CFO Jim Holmes to discuss the results. The call can be accessed via a live audio stream on the company's website, with a replay available for 12 months. PVH, a leading fashion company known for brands like Calvin Klein and TOMMY HILFIGER, expresses its commitment to driving fashion forward.
PVH Corp. announces the retirement of Manny Chirico as Chairman of the Board effective December 31, 2021. Henry Nasella, currently the Presiding Director, will assume the role of independent, non-executive Chairman. Chirico served as Chairman since 2007 and CEO until February 2021. Both Chirico and CEO Stefan Larsson expressed confidence in PVH's future under Nasella's leadership. The Board will be reduced to 11 members following Chirico's departure. PVH continues to focus on recovery and long-term growth through its iconic brands, including Calvin Klein and TOMMY HILFIGER.
PVH Corp. reported a strong second quarter in 2021, with revenue soaring 46% to $2.313 billion, exceeding guidance levels. International businesses outperformed pre-pandemic levels, while digital channels grew 35%. Earnings per share (EPS) on a GAAP basis were $2.51, significantly higher than the expected range of $0.79 to $0.82. The company raised its full-year EPS outlook to $8.80 from $6.60. Despite uncertainties due to COVID-19, gross margin improved to 57.7%, reflecting less promotional selling and strong international performance.
PVH Corp (NYSE: PVH) announced it will release its second quarter 2021 earnings on August 31, 2021, post-market closure. A conference call featuring CEO Stefan Larsson and CFO Michael Shaffer is scheduled for September 1, 2021, at 9:00 A.M. Eastern Time to discuss the results. The call will be available live online, with replays accessible for 12 months. The company highlighted its extensive global presence, connecting with consumers in over 40 countries through iconic brands like Calvin Klein and TOMMY HILFIGER.
PVH Corp. (NYSE: PVH) has completed the sale of its Heritage Brands business assets to Authentic Brands Group for $223 million. This includes trademarks such as IZOD, Van Heusen, ARROW, and Geoffrey Beene. CEO Stefan Larsson stated that this marks a new growth chapter for PVH, allowing a focus on the iconic brands Calvin Klein and TOMMY HILFIGER. While PVH retains its intimates and underwear sectors, the transaction is expected to better position the Heritage Brands under ABG's guidance.
