Pvh Corporation (PVH) Stock News

PVH Corp. (NYSE:PVH) has announced its quarterly dividend payment. The company's Executive Committee of the Board of Directors has declared a quarterly cash dividend of $0.0375 per share. The dividend will be paid on September 24, 2025, to stockholders of record as of September 3, 2025.

PVH Corp. has announced a new licensing agreement with Herman Kay-Mystic LLC for select wholesale men's and women's outerwear under the Calvin Klein and TOMMY HILFIGER brands in the U.S. and Canada, set to launch in Spring 2026. The partnership aligns with PVH's PVH+ Plan strategy, which involves taking back control of licensed women's wholesale business in North America while partnering with category experts for specific wholesale segments. PVH will directly operate key lifestyle expressions through underwear, sportswear, and jeans, while leveraging Herman Kay's expertise in outerwear to drive category growth. The agreement represents PVH's strategic approach to balance in-house operations of core brand elements with specialized partnerships to enhance market presence and sustainable growth.

PVH Corp reported Q1 2025 revenue of $1.984B, up 2% YoY and exceeding guidance. However, the company faced significant challenges, including a $480M goodwill impairment charge leading to a GAAP loss of $(0.88) per share. Non-GAAP EPS was $2.30, beating guidance of $2.10-$2.25. The company lowered its full-year 2025 EPS outlook to $10.75-$11.00 from $12.40-$12.75, citing tariff impacts and macro uncertainties. Revenue growth was driven by EMEA (+5%) and Americas (+7%), while APAC declined 13%. Tommy Hilfiger revenue increased 3%, while Calvin Klein remained flat. The company completed a $500M accelerated share repurchase program, with initial delivery of 4.6M shares. Operating margin guidance was revised down to 8.5% on a non-GAAP basis, reflecting challenging market conditions.

PVH Corp (NYSE: PVH) has scheduled its first quarter 2025 earnings release for Wednesday, June 4, 2025, after market close. The company will host a conference call to discuss the results on Thursday, June 5, 2025, at 9:00 A.M. Eastern Time. The call will be led by CEO Stefan Larsson and CFO Zac Coughlin. Investors can access the live webcast through PVH's website under the Investors section, and a replay will be available for 12 months following the call.

PVH Corp has announced that David Savman will become the new Global Brand President of Calvin Klein, succeeding Eva Serrano. Serrano will stay on as an advisor through 2025 to support the transition. Savman, who joined PVH in 2022, currently serves as Global Head of Operations and Chief Supply Chain Officer, and previously acted as interim CEO for PVH Europe in 2024. Under Serrano's leadership, Calvin Klein has established a unified global vision and team. CEO Stefan Larsson highlighted Savman's proven track record in brand elevation and operational excellence, noting his collaboration with key team members including Jonathan Bottomley and Veronica Leoni. Savman will maintain his current role until a successor is named.

PVH Corp [NYSE:PVH] has announced its latest quarterly cash dividend. The company's Board of Directors has declared a dividend of $0.0375 per share for its stockholders.

The dividend payment is scheduled for June 25, 2025. Shareholders who are recorded as stockholders by June 4, 2025 will be eligible to receive this quarterly dividend payment.

This dividend announcement demonstrates PVH's continued commitment to providing regular returns to its shareholders through its dividend program.

PVH Corp [NYSE: PVH] has announced plans to enter into $500 million accelerated share repurchase (ASR) agreements to buy back approximately 14% of its outstanding shares. The company will initially receive about 5.4 million shares, representing 70% of estimated total repurchases.

The ASR will be executed under PVH's existing $5.0 billion stock repurchase authorization, with $1.8 billion remaining available as of February 2, 2025. The transaction will be funded through $350 million cash on hand and up to $150 million in short-term debt, which PVH expects to repay by fiscal year-end 2025.

The final settlement, based on the volume-weighted average stock price during the ASR term, is anticipated during the third quarter of fiscal 2025. CFO Zac Coughlin cited the company's robust cash flow generation and current stock valuation as presenting a unique opportunity for significant shareholder capital return.

PVH Corp reported Q4 2024 revenue of $2.372 billion, down 5% year-over-year but exceeding guidance. Full-year revenue decreased 6% to $8.653 billion. Q4 non-GAAP EPS was $3.27, surpassing guidance of $3.05-$3.20.

Tommy Hilfiger revenue declined 5% while Calvin Klein decreased 2% in Q4. The company achieved record gross margins and double-digit non-GAAP EBIT margin in 2024, with strong profitability in North America and sequential improvements in Europe wholesale orders.

For 2025, PVH projects revenue to be flat to slightly increasing, with EPS guidance of $12.40-$12.75 on a non-GAAP basis. The company completed $500 million in stock repurchases during 2024 and plans another $500 million in accelerated share repurchases for 2025.

PVH Corp (NYSE: PVH) has scheduled the release of its fourth quarter and year-end 2024 earnings results for Monday, March 31, 2025, after market close. The company will host a conference call on Tuesday, April 1, 2025, at 9:00 A.M. Eastern Time.

The call will feature CEO Stefan Larsson and CFO Zac Coughlin discussing the results. A live webcast will be available on the company's website under the Investors section, with the replay remaining accessible for 12 months after the call.