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PVH Corp. - PVH STOCK NEWS

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.

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Tommy Hilfiger, part of PVH Corp. (NYSE: PVH), has announced a multi-year global partnership with the U.S. SailGP Team as the Official Lifestyle Apparel Partner. This collaboration aims to merge fashion with the high-paced sport of sailing, kicking off during the 2025 SailGP season. The agreement will see the TOMMY HILFIGER logo on the team's F50 foiling catamarans and uniforms, as well as collaborative capsule collections. The partnership launches at the Sail Grand Prix in November 2024 and involves various exclusive events and activations.

CEO Mike Buckley of the U.S. SailGP Team and Tommy Hilfiger both expressed excitement about this innovative merging of sports and fashion, focusing on disrupting the sailing scene.

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PVH Corp. (NYSE: PVH) announced the departure of Martijn Hagman, CEO of Tommy Hilfiger Global and PVH Europe. Hagman will remain in an advisory role to ensure a smooth transition. Lea Rytz Goldman, President of Tommy Hilfiger Global, will now lead the brand and report directly to PVH CEO Stefan Larsson. David Savman, Chief Supply Chain Officer, will serve as Interim CEO for PVH Europe. The company has begun the search for a new European leader. Larsson praised Hagman's contributions over 16 years, noting his role in building PVH's profitable European business. Hagman expressed gratitude and optimism for the future growth of Calvin Klein and Tommy Hilfiger.

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PVH Corp. (NYSE: PVH) has reported its 2024 first-quarter results, surpassing both revenue and earnings guidance, and has updated its full-year EPS outlook. Despite a 10% decline in revenue to $1.952 billion, the figures exceeded the anticipated 11% drop. GAAP EPS reached $2.59, above the $2.15 guidance, while non-GAAP EPS was $2.45.

Full-year projections include a confirmed revenue decline of 6%-7%, stable operating margins, and a raised EPS forecast of $11.15-$11.40 on a GAAP basis and $11.00-$11.25 on a non-GAAP basis. The company noted robust growth in North America and Asia Pacific for Calvin Klein and Tommy Hilfiger, alongside strategic sales improvements in Europe.

Other key points include a 350 basis point increase in gross margin to 61.4% and a 22% reduction in inventory. The company repurchased $200 million worth of shares, with a full-year target of $400 million. Interest expense dropped from $22 million to $18 million, and the effective tax rate decreased to 19.2% GAAP and 19.4% non-GAAP.

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Calvin Klein, part of PVH Corp. [NYSE: PVH], has appointed Veronica Leoni as Creative Director of Collection, signaling a return to the runway. Leoni, a 2023 LVMH Prize finalist and founder of QUIRA, brings extensive experience from brands like Jil Sander, Céline, Moncler, and The Row. Her role includes designing men's and women's apparel, underwear, and accessories with a debut in Fall 2025. Leoni will collaborate with Calvin Klein Global Brand President, Eva Serrano, and report directly to her. This appointment is part of a strategic effort under Serrano's leadership to enhance the brand and engage the next generation of consumers.

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PVH Corp. (NYSE: PVH) will release its Q1 2024 earnings results on June 4, 2024, after the market closes.

The following day, June 5, 2024, at 9:00 AM ET, a conference call hosted by CEO Stefan Larsson and CFO Zac Coughlin will discuss the results.

The call will be broadcast live on PVH's website under the Investors section, and a replay will be available for 12 months.

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PVH Corp. has declared a quarterly cash dividend of $0.0375 per share, payable on June 26, 2024, to stockholders of record on June 5, 2024.

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PVH Corp. reports strong financial performance in 2023 with flat revenue in Q4, exceeding guidance, and EPS growth. The company projects a decrease in revenue for 2024 but maintains a positive outlook. PVH announces a $2 billion increase to its stock repurchase program.
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PVH Corp. (PVH) to announce Q4 and year-end 2023 earnings on April 1, 2024, followed by a conference call with CEO and CFO to discuss results.
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Calvin Klein Fragrances, a division of Coty Inc., announces Idris and Sabrina Elba as the faces of Calvin Klein ETERNITY AROMATIC ESSENCE fragrance campaign. The campaign captures moments of intimacy, inspired by eternal love, with a fresh and impactful approach. The fragrances for men and women feature a unique coconut note and are crafted by renowned perfumers. The campaign will be supported globally across various media platforms.
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PVH Corp. (PVH) has declared a quarterly cash dividend of $0.0375 per share, payable on March 27, 2024, to stockholders of record on March 6, 2024.
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FAQ

What does PVH Corp. do?

PVH Corp. designs, markets, and sells branded apparel and accessories worldwide. It owns iconic brands such as Calvin Klein, Tommy Hilfiger, and Van Heusen.

When was PVH Corp. founded?

PVH Corp. was founded in 1881 in Pottsville, Pennsylvania.

What are PVH Corp.'s major brands?

PVH Corp.'s major brands include Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, Arrow, Speedo, Warner’s, and Olga.

How many countries does PVH Corp. operate in?

PVH Corp. operates in over 40 countries.

What is PVH Corp.'s annual revenue?

PVH Corp.'s annual revenue exceeds $8 billion.

How many associates does PVH Corp. employ?

PVH Corp. employs over 30,000 associates.

What recent partnerships has PVH Corp. announced?

Recently, PVH Corp. announced a partnership with Revman for the design, manufacturing, and distribution of Calvin Klein home accessories.

Where is PVH Corp. headquartered?

PVH Corp. is headquartered in New York City.

When did PVH Corp. go public?

PVH Corp. went public on the New York Stock Exchange in 1920.

What is PVH Corp.'s approach to sustainability?

PVH Corp. emphasizes responsible design and the use of high-quality, environmentally-preferred materials in its products.

PVH Corp.

NYSE:PVH

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PVH Stock Data

5.49B
55.86M
0.68%
106.7%
2.75%
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