Pvh Corporation Stock Price, News & Analysis

PVH Corp. (NYSE: PVH) reported second quarter revenue of $2.132 billion, down 8% year-over-year, with a GAAP EPS of $1.72, below guidance of $2.20. A $50 million pre-tax charge for exiting the Russia market impacted results. Non-GAAP EPS stood at $2.08, slightly above the $2.00 guidance, but foreign currency translation negatively affected results more than expected. For the full year, revenue is projected to decline by 4% to 3%, with GAAP EPS guidance revised down to approximately $7.64 from $9.20. Cost-reduction measures aim for savings exceeding $100 million.

PVH Corp. (NYSE: PVH) will release its Q2 2022 earnings results on August 30, 2022, post-market. A conference call hosted by CEO Stefan Larsson and CFO Zac Coughlin will take place on August 31, 2022, at 9:00 A.M. ET to discuss these results. The call will be streamed live on the Company’s website, and a replay will be available for 12 months, along with an audio replay for 48 hours. The Company emphasizes its strategy to connect its iconic brands closer to consumers, maintaining financial transparency through its SEC filings.

Tommy Hilfiger has launched a 360-resale program in partnership with thredUP, aimed at promoting sustainability and circular fashion in the U.S. The program allows consumers to send in pre-owned women's and kids' clothing, receiving shopping credits in return. This initiative aligns with Tommy Hilfiger's goal to become a circular brand by 2030. The program leverages thredUP's Resale-as-a-Service technology, enhancing the brand's sustainability efforts while appealing to eco-conscious consumers.

PVH Corp. (NYSE:PVH) has released its 2021 Corporate Responsibility (CR) report, highlighting advancements in its Forward Fashion strategy while navigating a challenging global environment. The report reveals a 50% increase in sustainable products for Calvin Klein and significant sustainability efforts from TOMMY HILFIGER. The company reports that for the first time, the majority of energy consumed came from renewable sources. The report also emphasizes enhanced transparency with stakeholders, showcasing a commitment to social responsibility and environmental impact.

PVH Corp. has appointed Ajay Bhalla, President of Cyber & Intelligence at Mastercard, to its Board of Directors as part of ongoing board refreshment efforts. This move aims to enhance PVH's leadership with diverse experiences supporting the PVH+ Plan, a strategy aimed at accelerating growth and strengthening the connection between the company’s iconic brands, Calvin Klein and TOMMY HILFIGER, and consumers. Bhalla's expertise in digital commerce and cybersecurity aligns with PVH’s goals for digital advancement.

PVH Corp. has declared a quarterly cash dividend of $0.0375 per share, payable on September 28, 2022, to stockholders of record on September 7, 2022. This announcement reflects the company's commitment to returning value to its shareholders. PVH, which operates brands like Calvin Klein and TOMMY HILFIGER, focuses on connecting its iconic brands with consumers through innovation and sustainability. The company emphasizes its dedication to driving fashion forward while ensuring future growth.

PVH Corp. (NYSE:PVH) announced the appointment of David Savman as Executive Vice President and Chief Supply Chain Officer, effective late 2022. Savman joins from H&M Group, where he held several leadership roles in global supply chain management over 19 years. He will oversee PVH's supply chain and sourcing strategy for brands like TOMMY HILFIGER and Calvin Klein, reporting to CEO Stefan Larsson. The leadership transition highlights PVH's commitment to growth and sustainability under the PVH+ plan.

Tommy Hilfiger is set to return to New York Fashion Week on September 11th at 7 p.m. EDT, launching its Fall 2022 collection through a unique See Now, Buy Now platform. This immersive event will allow audiences to experience the collection both in-person at the Brooklyn Skyline Drive-In and digitally in the metaverse via Roblox. The brand aims to bridge physical and virtual shopping experiences, leveraging its collaboration with Roblox, which began in December 2021. Global retail sales for Tommy Hilfiger products reached approximately $9.3 billion in 2021.

HSBC Bank USA and PVH Corp. have launched the first sustainable supply chain finance program linking funding to environmental and social objectives based on suppliers’ sustainability ratings. This initiative allows PVH's suppliers to access critical financing while emphasizing human rights and environmental standards in their operations. Research highlights that global supply chains need $100 trillion investment by 2050 for net zero emissions, with $1 trillion estimated for the decarbonization of the apparel industry. This partnership aims to drive progress towards these goals.