Pvh Corporation Stock Price, News & Analysis

PVH Corp. reported a 2% increase in Q4 revenue, reaching $2.489 billion, exceeding guidance, with 8% growth on a constant currency basis. Full-year revenue slightly decreased by 1% to $9.024 billion but grew 5% when adjusted for currency. Fourth-quarter GAAP EPS hit $2.18, significantly above the $0.45 guidance, while full-year GAAP EPS was $3.03, surpassing the $1.37 guidance. For 2023, PVH forecasts a revenue increase of 3-4% and an EPS of around $10.00. The company continues to focus on the PVH+ Plan, enhancing brand desirability and aiming for double-digit EPS growth.

PVH Corp (NYSE: PVH) announced it will release its fourth quarter and year-end 2022 earnings on March 27, 2023, after market close. A conference call is scheduled for March 28, 2023, at 9:00 A.M. Eastern Time, hosted by CEO Stefan Larsson and CFO Zac Coughlin, to discuss the results. The call will be accessible via the company's website, where a replay will be available for 12 months. PVH is recognized as a leading fashion company with brands like Calvin Klein and TOMMY HILFIGER, operating in over 40 countries.

PVH Corp. has appointed Amber McCann as Executive Vice President and Chief Communications Officer, effective April 6, 2023. With over 25 years of experience, McCann will lead the company's global communication strategies and report to CEO Stefan Larsson. She previously held significant roles at Poshmark and Levi Strauss & Co., where she successfully managed communication strategies through pivotal company milestones. McCann expressed excitement for the future of iconic brands like Calvin Klein and TOMMY HILFIGER under the PVH+ Plan, aiming for growth and consumer engagement.

PVH Corp. has declared a quarterly cash dividend of $0.0375 per share, payable on March 29, 2023, to stockholders of record on March 8, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders while focusing on the growth of its key brands, Calvin Klein and Tommy Hilfiger. The company's strategy emphasizes brand strength and relevance, targeting consumer preferences to drive future growth.