Pvh Corporation Stock Price, News & Analysis

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.

PVH Corp. reported a 2% revenue increase for Q1 2022, totaling $2.123 billion and exceeding projections. EPS of $1.94 also surpassed the expected range of $1.55 to $1.60. However, the full-year revenue growth outlook was revised down to 1%-2%, primarily due to ongoing supply chain disruptions and geopolitical issues, particularly from the conflict in Ukraine. The company reaffirmed its 10% operating margin guidance and increased its stock repurchase program to $400 million. CEO Stefan Larsson emphasized continued commitment to the PVH+ Plan for sustained growth.

PVH Corp. has announced a significant investment of $10 million USD through The PVH Foundation to enhance opportunities for underserved communities over the next four years. This initiative aims to support various nonprofit organizations aligned with the company's Inclusion and Diversity priorities, focusing on education and training within the fashion industry. The program will help high school students and individuals from non-traditional backgrounds acquire skills and gain access to career pathways in fashion, promising a broad global impact.

PVH Corp (NYSE: PVH) will release its first quarter 2022 earnings results on June 1, 2022, after market close. A conference call will follow on June 2, 2022, at 9:00 A.M. ET, hosted by CEO Stefan Larsson and CFO Zac Coughlin, to discuss the results. The call can be accessed live via the company's website, with a replay available for 12 months. The announcement includes forward-looking statements that could differ from actual results due to various risks, as detailed in SEC filings.

PVH Corp. has declared a quarterly cash dividend of $0.0375 per share, scheduled for payment on June 29, 2022. This dividend is payable to stockholders of record as of June 8, 2022. PVH, recognized for its global brands like Calvin Klein and TOMMY HILFIGER, operates in over 40 countries. The company's commitment to driving fashion forward is fundamental to its strategy.

PVH Corp. has unveiled its PVH+ Plan, a strategic roadmap aimed at achieving sustainable growth through 2025. The plan focuses on leveraging the iconic Calvin Klein and Tommy Hilfiger brands to drive high single-digit CAGR globally, targeting total revenue of $12.5 billion, with an operating margin of 15% and free cash flow exceeding $1 billion. Additionally, the Board has authorized a $1 billion increase to its stock repurchase program, reinforcing its commitment to shareholder value.

PVH Corp (NYSE: PVH) will host its Investor Day on April 13, 2022, at 8:30 a.m. EDT. CEO Stefan Larsson and executive team members will outline the company’s multi-year strategic growth plan, followed by a Q&A session.

A live video webcast will be available on the company’s website, www.pvh.com, and a replay will be accessible for 12 months post-event. PVH is celebrated for iconic brands like Calvin Klein and TOMMY HILFIGER, and operates in over 40 countries.

PVH Corp. reported a 16% revenue increase in Q4 2021 to $2.430 billion, exceeding guidance. Full-year revenue rose 28% to $9.155 billion. Digital sales grew 30%, with 25% digital penetration. Q4 EPS was $5.53 (GAAP) and $2.84 (non-GAAP). Despite growth, the 2022 outlook projects 2%-3% revenue growth amid geopolitical challenges affecting earnings by $0.70 per share. The company reduced debt with voluntary payments exceeding $1 billion in 2021.