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. (NYSE: PVH) is a global fashion company built around its two iconic brands, Calvin Klein and TOMMY HILFIGER. Company news and press releases highlight how PVH connects with consumers worldwide through brand campaigns, retail expansion and financial updates, reflecting its role in designing and marketing branded apparel across more than 40 countries.
News about PVH often focuses on brand initiatives and marketing activity. Recent announcements from Calvin Klein, part of PVH Corp., describe new global denim campaigns featuring high-profile ambassadors and the launch of a global flagship lifestyle store in New York City’s SoHo neighborhood. These stories emphasize Calvin Klein’s position as a global fashion lifestyle brand with offerings in underwear, jeans, apparel, accessories, home and fragrance, and its efforts to translate its American fashion roots to an international audience.
Investors and followers of PVH can also expect regular coverage of the company’s financial performance and outlook. PVH issues earnings releases that discuss quarterly revenue, segment performance by region, direct-to-consumer and wholesale trends, licensing revenue and non-GAAP measures such as constant currency revenue and non-GAAP EPS. These releases also describe the company’s PVH+ Plan, which centers on leaning into the brand strength of Calvin Klein and TOMMY HILFIGER and investing in product, marketing and marketplace execution.
Additional PVH news includes dividend declarations by the Executive Committee of the Board of Directors, leadership appointments and changes, and participation in investor conferences. Together, these updates give readers insight into PVH’s brand strategies, operational focus and capital allocation decisions. This news page aggregates such company-specific developments so readers can follow how PVH’s global fashion brands and financial profile evolve over time.
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.
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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.
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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.