Latest news with #F1TheMovie
Fashion Network
3 hours ago
- Business
- Fashion Network
PVH sales lift on Tommy Hilfiger brand growth, cuts full-year profit forecast on tariff impact
Elsewhere, APAC sales plummeted 13%, primarily due to a 3% decline linked to the timing of the Lunar New Year shopping period, which was mostly in the fourth quarter of 2024, and a challenging consumer environment, particularly in China. Finally, licensing revenue decreased 2%, due to the transition of certain previously licensed women's product categories in house. During the quarter, to apparel company swung to a $44.8 million, compared to a net income of $151.4 million in the prior-year period. Loss per share came to $0.88, compared to an earnings per share of $2.59. 'In Q1, we continued to tap into the global consumer love for Calvin Klein and Tommy Hilfiger, delivering revenue growth versus last year and ahead of guidance. Calvin Klein saw one of its most impactful product launches in years with the Icon Cotton Stretch franchise, amplified by the viral Bad Bunny campaign. Tommy Hilfiger tapped into its lifestyle DNA with rich product storytelling around seasonal newness of Tommy classics to drive growth and built momentum for the brand's collaboration with the biggest movie launch of the summer: 'F1 The Movie'," said Stefan Larsson, chief executive officer, PVH. 'While we are making important progress in our PVH+ Plan execution, we are navigating an increasingly uncertain consumer and macroeconomic backdrop—and given where we are on our brand-building journey, we're not yet fully able to offset that impact. Looking ahead, we're focused on what we can control, stepping up our actions to scale the impact of our stronger product, next-level cut-through campaigns, and sharper marketplace execution across both brands. This will both strengthen the back half of this year, and continue to move us toward our long-term goal of building Calvin Klein and Tommy Hilfiger into the most desirable lifestyle brands in the world.' Looking ahead, PVH reaffirmed it sales outlook of flat to increase slightly for the full year. However, the firm cut is profit forecast with adjusted earning per share now expected to come in at $10.75 to $11, down from $12.40 to $12.75 in the firm's previous forecast earlier in the year, citing the negative impact related to the tariffs currently in place for goods coming into the U.S.
Fashion Network
3 hours ago
- Business
- Fashion Network
PVH sales lift on Tommy Hilfiger brand growth, cuts full-year profit forecast on tariff impact
owner PVH Corp. on Wednesday announced first-quarter sales beat expectations to rise 2% to $1.984 billion, thanks to growth at its Tommy Hilfiger brand. The New York-based company said Calvin Klein brand sales were flat at for the three months ending May 4, outpaced by a 3% sales uptick at brother brand, Tommy Hilfiger, driven by growth in EMEA and Americas. By region, Americas revenue jumped 7%, thanks to growth in the wholesale business, partially offset by a mid single-digit decline in the direct-to-consumer business, while EMEA sales rose 5%, thanks to both distribution channels in the region. Elsewhere, APAC sales plummeted 13%, primarily due to a 3% decline linked to the timing of the Lunar New Year shopping period, which was mostly in the fourth quarter of 2024, and a challenging consumer environment, particularly in China. Finally, licensing revenue decreased 2%, due to the transition of certain previously licensed women's product categories in house. During the quarter, to apparel company swung to a $44.8 million, compared to a net income of $151.4 million in the prior-year period. Loss per share came to $0.88, compared to an earnings per share of $2.59. 'In Q1, we continued to tap into the global consumer love for Calvin Klein and Tommy Hilfiger, delivering revenue growth versus last year and ahead of guidance. Calvin Klein saw one of its most impactful product launches in years with the Icon Cotton Stretch franchise, amplified by the viral Bad Bunny campaign. Tommy Hilfiger tapped into its lifestyle DNA with rich product storytelling around seasonal newness of Tommy classics to drive growth and built momentum for the brand's collaboration with the biggest movie launch of the summer: 'F1 The Movie'," said Stefan Larsson, chief executive officer, PVH. 'While we are making important progress in our PVH+ Plan execution, we are navigating an increasingly uncertain consumer and macroeconomic backdrop—and given where we are on our brand-building journey, we're not yet fully able to offset that impact. Looking ahead, we're focused on what we can control, stepping up our actions to scale the impact of our stronger product, next-level cut-through campaigns, and sharper marketplace execution across both brands. This will both strengthen the back half of this year, and continue to move us toward our long-term goal of building Calvin Klein and Tommy Hilfiger into the most desirable lifestyle brands in the world.' Looking ahead, PVH reaffirmed it sales outlook of flat to increase slightly for the full year. However, the firm cut is profit forecast with adjusted earning per share now expected to come in at $10.75 to $11, down from $12.40 to $12.75 in the firm's previous forecast earlier in the year, citing the negative impact related to the tariffs currently in place for goods coming into the U.S.
Yahoo
4 hours ago
- Entertainment
- Yahoo
‘F1' First Reactions: Brad Pitt's Racing Epic Is an ‘Old School Summer Blockbuster' That's ‘So Freaking Good'
Brad Pitt's summer tentpole 'F1' has been unveiled to members of the film press, and the first reactions are praising the racing thriller as 'action-packed' with strong visuals. Variety's senior artisans editor Jazz Tangcay highlighted the 'flawless' craft of the film, with its sound, score and cinematography. More from Variety 'F1' Breakout Damson Idris Stars in Tommy Hilfiger Campaign for Paddock Capsule Collection Featured in the Film Tom Cruise in 'F1' Over Brad Pitt Would've Been 'Scaring Us More,' Says Joseph Kosinski; Action Supervisor Quips: Tom 'Terrifies Me' and 'We'd Have Had a Crash' Brad Pitt Says 'My Personal Life Is Always in the News' and It's an 'Annoyance' to Deal With While Filming: 'It's Always Been' a 'Nagging Time Suck' "It's Pearce, down the insideeeee" WOW! @F1Movie is an action-packed thrilling look at the world of F1 racing, with lots of grit. The sound, score and cinematography are flawless. Damson Idris and Brad Pitt are great! Absolutely Obsessedddddd — Jazz Tangcay (@jazzt) June 5, 2025 Variety's chief awards editor Clayton Davis also had high praise for the lensing, shouting out DP Claudio Miranda, who earned an Oscar nomination for his work on director Joseph Kosinski's last feature 'Top Gun: Maverick.' #F1TheMovie is the Jerry and Joe Show! Bruckheimer and Kosinski really do make audacious entertainment together. Academy…don't do Claudio Miranda dirty again on this one. Brad Pitt and Damson Idris shine brightest when sharing the screen. Race to see this one in IMAX — Clayton Davis (@ByClaytonDavis) June 5, 2025 The Nerdist and Breakroom contributor Maude Garrett called the movie 'so freaking good' and hypothesized if she would've liked it even more if she were even a fan of F1 racing in the first place. #F1TheMovie is so freaking good. It has all the adrenaline, heart, pacing, story and character that completely fleshes out this movie into excellence. I can only imagine how much MORE I would love this movie if I was a fan of F1 racing! 🏎️ 💨 Maybe I am now?@F1Movie — Maude Garrett (@maudegarrett) June 5, 2025 Pitt headlines 'F1' as Sonny Hayes, a retired Formula One driver who suffered a terrible crash in his past. He's convinced to come out of retirement and train a rookie prodigy, played by Damson Idris, for the Apex Grand Prix race. Joseph Kosinski, who directed Tom Cruise in the high-flying blockbuster 'Top Gun: Maverick,' helmed the film with producer Jerry Bruckheimer and real-life Formula One superstar Lewis Hamilton. The supporting cast includes Javier Bardem and Kerry Condon. During a virtual press conference earlier this year, Kosinski discussed the making of the film, explaining that he became a fan of Formula 1 racing after discovering Netflix's 'Drive to Survive' series during the COVID pandemic. 'I loved how the first season of the show focused on the last place teams, the underdogs, rather than the Ferrari, the Mercedes, the Red Bull, the teams that you see at the front of the pack,' he said. 'I thought that there was an interesting story to be told about an underdog team trying — not to win the championship — but just trying to win one race against these titans of the sport.' Kosinski and his actors traveled the F1 circuit over the course of a year in order to film at the real races. He explained: 'We get these 10 or 15 minute slots where we'd have to have Brad and Damson ready in the cars, warmed up with hot tires ready to go, and as soon as practice ended, they would pull out onto the track. We'd have 24, 30 cameras ready, rolling, and I'd have to shoot these scenes in these very short, intense, high-speed windows. But the crowd you're seeing was really there in the stands. I don't think the crowd realized that Brad Pitt was in the car that was in front of them.' 'F1' opens in theaters June 27 from Apple and Warner Bros. See more reactions below. Buckle up #F1TheMovie is an high octane thrill ride. It's one of those films that you go to the movies for. Brad Pitt and Damson Idris are both dynamic. This is top gun for F1 racing fans. Truly a racing movie for a new generation. — B E A N Z 🔜 Summer Game Fest (@BeanzGotGamez) June 5, 2025 Joseph Kosinski's #F1TheMovie hits the gas and doesn't stop. The races are epic, the sound design, editing, cinematography, performances and music are all top notch. You definitely feel shades of TOP GUN MAVERICK in that it plays like an old school summer blockbuster. What a ride — Erik Davis (@ErikDavis) June 5, 2025 Best of Variety What's Coming to Netflix in June 2025 New Movies Out Now in Theaters: What to See This Week 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts?
Fashion Network
4 hours ago
- Business
- Fashion Network
PVH sales lift on Tommy Hilfiger brand growth, cuts full-year profit forecast on tariff impact
owner PVH Corp. on Wednesday announced first-quarter sales beat expectations to rise 2% to $1.984 billion, thanks to growth at its Tommy Hilfiger brand. The New York-based company said Calvin Klein brand sales were flat at for the three months ending May 4, outpaced by a 3% sales uptick at brother brand, Tommy Hilfiger, driven by growth in EMEA and Americas. By region, Americas revenue jumped 7%, thanks to growth in the wholesale business, partially offset by a mid single-digit decline in the direct-to-consumer business, while EMEA sales rose 5%, thanks to both distribution channels in the region. Elsewhere, APAC sales plummeted 13%, primarily due to a 3% decline linked to the timing of the Lunar New Year shopping period, which was mostly in the fourth quarter of 2024, and a challenging consumer environment, particularly in China. Finally, licensing revenue decreased 2%, due to the transition of certain previously licensed women's product categories in house. During the quarter, to apparel company swung to a $44.8 million, compared to a net income of $151.4 million in the prior-year period. Loss per share came to $0.88, compared to an earnings per share of $2.59. 'In Q1, we continued to tap into the global consumer love for Calvin Klein and Tommy Hilfiger, delivering revenue growth versus last year and ahead of guidance. Calvin Klein saw one of its most impactful product launches in years with the Icon Cotton Stretch franchise, amplified by the viral Bad Bunny campaign. Tommy Hilfiger tapped into its lifestyle DNA with rich product storytelling around seasonal newness of Tommy classics to drive growth and built momentum for the brand's collaboration with the biggest movie launch of the summer: 'F1 The Movie'," said Stefan Larsson, chief executive officer, PVH. 'While we are making important progress in our PVH+ Plan execution, we are navigating an increasingly uncertain consumer and macroeconomic backdrop—and given where we are on our brand-building journey, we're not yet fully able to offset that impact. Looking ahead, we're focused on what we can control, stepping up our actions to scale the impact of our stronger product, next-level cut-through campaigns, and sharper marketplace execution across both brands. This will both strengthen the back half of this year, and continue to move us toward our long-term goal of building Calvin Klein and Tommy Hilfiger into the most desirable lifestyle brands in the world.' Looking ahead, PVH reaffirmed it outlook for sales to remain flat or increase slightly for the full year. However, the firm cut is profit forecast with adjusted earning per share now expected to come in at $10.75 to $11, down from $12.40 to $12.75 in its previous forecast earlier in the year, citing the negative impact related to the tariffs currently in place for goods coming into the U.S.
Fashion United
16 hours ago
- Business
- Fashion United
Tommy Hilfiger named as official apparel partner for Cadillac Formula 1 Team
Tommy Hilfiger, part of PVH Corp., is strengthening its ties with Formula 1 after signing a multi-year apparel and lifestyle sponsorship agreement with Cadillac, the new Formula 1 team backed by TWG Motorsports and General Motors, which is joining the grid in 2026. In a statement, Tommy Hilfiger said it would bring its spirit of 'fashiontainment' to F1 at a time when the sport's popularity is at an all-time high, as well as bring together two American brands as the Cadillac Formula 1 Team prepares to become the first new addition to the motorsport since 2016. 'Two icons. One vision. A bold new era of American motorsport,' said Tommy Hilfiger. 'We're proud to continue our Formula 1 story alongside TWG Motorsports and Cadillac. We share a vision to honour the heritage of F1 while pushing it forward - celebrating where we come from, and reimagining where we can go. As the sport's presence around the globe continues to soar, there's never been a better time to dream big, and show the world what an American team can bring to the grid.' As official apparel partners, the Cadillac F1 team kits will feature Tommy Hilfiger's signature design and iconology, while the designer fashion brand's logo will also be displayed on the car, driver suits and helmets. Tommy Hilfiger will also design fanwear collections, fusing its 'Prep Made Modern' aesthetic with the performance-driven codes of the Cadillac Formula 1 Team, which it states will challenge convention and set 'a new standard for lifestyle partnerships in the sport'. Graeme Lowdon, team principal at the Cadillac Formula 1 Team, added: 'We are an American team representing one of the most iconic American brands of all time. Tommy Hilfiger too is an American icon, and the brand's legacy in Formula 1 is unmatched. 'As we bring a bold new vision to the paddock, this partnership truly reflects the spirit of what we're building. Together, we're not only racing, but driving innovation that will shape the future of both entertainment and engineering.' Tommy Hilfiger to sponsor Cadillac Formula 1 Team Over its 40-year history, Tommy Hilfiger has built a unique legacy across the world of sport, partnering with athletes and events across competitive sailing, golf, snow sports and football (soccer), and since the '90s it has sponsored Team Lotus, Ferrari, and Mercedes-AMG F1, and collaborated with F1 driver Lewis Hamilton. The brand also recently unveiled a new APEXGP collection, closely tied to the 'F1 The Movie', fronted by brand ambassador Damson Idris, who stars in the movie, which is launching at the end of June. Rytz Goldman, global brand president of Tommy Hilfiger, said: 'From the very beginning, entertainment and sport have been part of our brand's heritage. By doubling down in motorsport, we are excited to present a fresh expression of what's possible when fashion evolves at the speed of pop culture. 'This iconic partnership continues our legacy of breaking boundaries, bringing style to the grid, and driving the future of Formula 1.' The Cadillac F1 Team received final approval to join F1 in March 2025. Formed by TWG Motorsports and General Motors, the team is looking to represent a bold new chapter in American participation on the global F1 stage. The team has operations in Fishers, Indiana and Charlotte, North Carolina in the US and at Silverstone in the UK. The new team has yet to reveal its drivers, but an announcement is expected later in the summer. Dan Towriss, chief executive of Cadillac Formula 1 Team, added: 'Tommy Hilfiger is an American original, and we're proud to welcome them as our first official partner. 'This collaboration represents the fusion of two bold, innovative brands - where performance meets iconic style. As we build a team that reflects American ambition on the global F1 stage, this partnership sets the tone for what's ahead.'
