Pvh Corporation Stock Price, News & Analysis

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.

PVH Corp. announced the opening of applications for the fourth edition of the Tommy Hilfiger Fashion Frontier Challenge, focusing on social entrepreneurs from historically underrepresented communities. The initiative supports innovative ideas aimed at enhancing inclusivity in fashion. Interested applicants can submit proposals until April 29, 2022, with €200,000 in prizes and mentorship opportunities available. The program aligns with Tommy Hilfiger's sustainability vision, promoting diversity and equity in the industry.

PVH Corp. announced the appointment of Michael Calbert to its Board of Directors, effective May 2, 2022, as part of a Board refreshment process. He is set to succeed Henry Nasella as non-executive Chair, who will not seek re-election at the June 16, 2022 annual meeting after 19 years on the Board. Calbert, with extensive experience in retail and corporate finance, aims to support PVH's growth strategy under the leadership of Stefan Larsson, CEO, while continuing the legacy established by Nasella.

PVH Corp (NYSE: PVH) will release its fourth quarter and full year 2021 earnings results on March 29, 2022, after market close. A conference call hosted by CEO Stefan Larsson and Interim CFO Jim Holmes will occur on March 30, 2022, at 9:00 A.M. ET to discuss the results. The call will be webcast live on the company’s website, with a replay available for 12 months. Forward-looking statements about future performance will be included, subject to risks outlined in SEC filings.

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.

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.

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.