Pvh Corporation Stock Price, News & Analysis

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.

Tommy Hilfiger, part of PVH Corp., announced six finalists for the 2021 Fashion Frontier Challenge, aimed at supporting BIPOC entrepreneurs in fashion. The event, taking place virtually on January 12-13, 2022, includes a €200,000 prize for the winners, to be split between two selected innovators. The finalists, chosen from over 430 applications, propose impactful business ideas focused on sustainability and inclusivity. The challenge further emphasizes Tommy Hilfiger's commitment to a more inclusive fashion industry.

PVH Corp. reported a 10% revenue increase to $2.333 billion in Q3 2021, despite logistics disruptions affecting U.S. shipments. The firm raised its full-year revenue projection to 27%-28% growth compared to 2020. International revenue significantly surpassed pre-pandemic levels, while digital sales rose 15%, reaching 21% digital penetration of total revenue. Q3 GAAP EPS was $3.89, exceeding guidance, with a revised full-year GAAP EPS outlook of $10.75. The company repurchased $149 million in stock and made over $100 million in voluntary debt repayments.