PVH Corporation (PVH) looks well placed for growth, thanks to its robust strategic initiatives and strong fundamentals. The company’s multi-year strategy PVH+ Plan to drive sustainable growth is working smoothly while momentum in the international business also continues. Its brand strength, particularly in Calvin Klein and TOMMY HILFIGER, is an added positive. Buoyed by such endeavors, the clothing designer’s shares have skyrocketed 57% in the past three months compared with the industry’s 15.9% growth.Let ...

AMSTERDAM--(BUSINESS WIRE)--Tommy Hilfiger, which is owned by PVH Corp. [NYSE: PVH], returns to the official NYFW schedule to present the TOMMY HILFIGER Fall Winter 2024 Collection – A New York Moment – on February 9, 2024. During an intimate evening, Tommy Hilfiger will debut his men’s and women’s collection. Wrapped in an NYC-inspired red, white and blue spirit, the show will represent a modern-day expression of Classic American Cool through the eyes of the ultimate American dreamer. “ New York City tau ...

lechatnoirOverview My recommendation for PVH Corp. (NYSE:PVH) is a buy rating, as I like how the business momentum has been so far, especially with PVH meeting internal targets without using too much promotion. This bodes well for 4Q23 performance and FY24 growth. Note that I previously gave a buy rating for PVH, as I believe the business was able to recover to its historical growth rate of mid-single-digit growth. I expected the growth recovery to be driven by its success in the direct-to-consumer [DTC ...

PVH Corporation (PVH) appears encouraging, thanks to the successful execution of its strategic initiatives and strong fundamentals. The company’s multi-year strategy PVH+ Plan to drive sustainable growth is working smoothly while momentum in its international business also continues. Its brand strength, particularly in Calvin Klein and TOMMY HILFIGER, is an added positive.Buoyed by such endeavors, the clothing designer’s shares have skyrocketed 67.7% in the past three months, surpassing the industry’s 30.7% ...

Revenue and Earnings - The company reported revenue of $9.0 billion in 2022, with over 65% generated outside the United States, and over 90% of revenue coming from TOMMY HILFIGER and Calvin Klein brands [155]. - Total revenue for the third quarter of 2023 was $2.363 billion, a 4% increase from $2.281 billion in the same quarter of the previous year, with a 3% positive impact from foreign currency translation [177]. - For the thirty-nine weeks ended October 29, 2023, total revenue was $6.728 billion, a 3% increase from $6.536 billion in the prior year, including a 1% positive impact from foreign currency translation [187]. - The company expects full-year 2023 revenue to increase approximately 1% compared to 2022, with a projected decrease of 3% to 4% in the fourth quarter [189]. - The company anticipates a revenue increase of approximately $45 million in 2023 due to favorable foreign currency translation [172]. Cost and Expenses - Inflationary pressures negatively impacted revenue and earnings in 2022 and continued through the first nine months of 2023, with increased labor and product costs leading to a slowdown in consumer demand [162]. - The company expects to incur approximately $7 million in the fourth quarter of 2023 related to its 2022 cost savings initiative, which aims to reduce people costs by approximately 10% by the end of 2023, resulting in annual savings of over $100 million [171]. - SG&A expenses for the third quarter of 2023 were $1.124 billion, maintaining 47.6% of total revenue, with increases attributed to a change in revenue mix and higher marketing investments [180]. - SG&A expenses for the thirty-nine weeks ended October 29, 2023 were $3.326 billion, or 49.4% of total revenue, up from 48.9% in the prior year, due to a change in revenue mix and increased strategic investments [192]. - SG&A expenses as a percentage of revenue for Q4 2023 are expected to increase by approximately 100 basis points compared to Q4 2022, driven by changes in revenue mix and higher expenses in direct-to-consumer channels [194]. Impairments and Charges - The company recorded a pre-tax noncash goodwill impairment charge of $417 million in the third quarter of 2022 due to increased discount rates from economic conditions [171]. - The company recorded a pre-tax noncash goodwill impairment charge of $417 million in the third quarter of 2022, driven by increased discount rates due to economic conditions [182]. Foreign Currency Impact - The company expects 2023 revenue and net income to increase by approximately $45 million and $7 million, respectively, due to foreign currency translation [238]. - Unfavorable foreign currency translation adjustments recognized during the thirty-nine weeks ended October 29, 2023, amounted to $150 million, primarily due to a 3% strengthening of the U.S. dollar against the euro [239]. - The company anticipates a decrease in 2023 net income by approximately $75 million compared to 2022 due to the transactional impact of foreign currency, with an expected negative impact on gross margin of approximately 100 basis points [241]. Cash and Debt Management - Cash and cash equivalents decreased to $358 million as of October 29, 2023, down from $551 million at January 29, 2023, impacted by $266 million in stock repurchases [205]. - The company expects long-term debt repayments of approximately $112 million during 2023, including $100 million of debentures repaid on November 15, 2023 [222]. - As of October 29, 2023, loans outstanding under the Euro TLA facility amounted to $455 million, net of debt issuance costs [229]. - Approximately 80% of the company's long-term debt was at a fixed interest rate as of October 29, 2023 [235]. Ratings and Outlook - As of October 29, 2023, the issuer credit rating was BBB- with a positive outlook from Standard & Poor's [232].

PVH Corp. (NYSE:PVH) Q3 2023 Earnings Call Transcript November 30, 2023 9:00 AM ET Company Participants Sheryl Freeman - Vice President, Investor Relations Stefan Larsson - Chief Executive Officer Zac Coughlin - Chief Financial Officer Conference Call Participants Robert Drbul - Guggenheim Michael Binetti - Evercore ISI Matthew Boss - JPMorgan Jay Sole - UBS Dana Telsey - Telsey Advisory Group Operator Good morning, everyone, and welcome to today's PVH Third Quarter 2023 Earnings Conference Call. [Operator ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-07572 PVH CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorpora ...

PVH Corp. (NYSE:PVH) Q2 2023 Earnings Conference Call August 30, 2023 9:00 AM ET Company Participants Sheryl Freeman - Vice President, Investor Relations Stefan Larsson - Chief Executive Officer Zac Coughlin - Chief Financial Officer Conference Call Participants Robert Drbul - Guggenheim Jay Sole - UBS Chris Nardone - Bank of America Paul Kearney - Barclays Brooke Roach - Goldman Sachs Operator Good morning, everyone, and welcome to today's PVH Second Quarter 2023 Earnings Conference Call. At this time, all ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-07572 PVH CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorpor ...

PVH Corp. (NYSE:PVH) Q1 2023 Earnings Call Transcript June 1, 2023 9:00 AM ET Company Participants Sheryl Freeman - VP, IR Stefan Larsson - CEO & Director Zachary Coughlin - EVP & CFO Conference Call Participants Robert Drbul - Guggenheim Securities Jay Sole - UBS Irwin Boruchow - Wells Fargo Dana Telsey - Telsey Advisory Group Paul Kearney - Barclays Operator Good morning, everyone, and welcome to today's PVH First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only m ...