Latest news with #PRIVATESECURITIESLITIGATIONREFORMACTOF1995
Business Wire
2 days ago
- Business
- Business Wire
PVH Corp. Announces Specialized Outerwear Category Licensing Agreement with Herman Kay-Mystic LLC for North America Wholesale Channel
NEW YORK--(BUSINESS WIRE)--PVH Corp. [NYSE: PVH] and Herman Kay-Mystic LLC ('Herman Kay') today announced a new licensing agreement of select wholesale men's and women's outerwear under the Calvin Klein and TOMMY HILFIGER brands in the U.S. and Canada, which is expected to launch in Spring 2026. PVH has a large and diversified global licensing business, which is a key competitive advantage globally. Through the multiyear takeback of its licensed women's wholesale business in North America, PVH will directly operate the key lifestyle expression of Calvin Klein and TOMMY HILFIGER through the world of underwear, sportswear, and jeans, which create the halo for the brands' expression and price position in wholesale. PVH will also partner with key experts for certain wholesale category businesses where the partner can provide deep category and channel expertise. The approach supports the company's long-term, brand-building growth strategy, the PVH+ Plan, and drives further scale in the marketplace. 'As we bring licenses in-house that represent the core part of our brands' lifestyle expression, we are also working with complementary partners, like Herman Kay, who are fully aligned with our brand vision and direction, and will contribute to driving sustainable, brand-accretive growth as we deliver on our PVH+ Plan,' said Donald Kohler, CEO, PVH Americas. 'Herman Kay is a recognized market leader in outerwear, and we're excited to work with them to accelerate our category growth plans in the market.' Barry Kay and Richard Kay, Co-Presidents of Herman Kay said, 'This partnership marks a major milestone in our company's growth, and the opportunity to align with PVH—a company we greatly admire—is both exciting and humbling. We are honored to bring our expertise to Calvin Klein and TOMMY HILFIGER and look forward to delivering exceptional specialized products and value to wholesale consumers.' About PVH Corp. PVH is one of the world's largest fashion companies, driven by its two iconic brands, Calvin Klein and TOMMY HILFIGER. For more than 140 years, PVH has connected with and inspired consumers globally and now operates in more than 40 countries worldwide. For more information, visit About Herman Kay Herman Kay is a global leader in outerwear design, development, and manufacturing with over 75 years of experience. Headquartered in New York City, Herman Kay is known for combining trend-driven design, speed to market, and sustainable innovation. The company partners with leading retailers and global brands to create high-quality outerwear collections that meet the needs of a modern consumer. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this press release, including, without limitation, statements relating to the Company's plans, strategies, objectives, expectations and intentions are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, without limitation, (i) the Company's plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the ability to realize the intended benefits from the acquisition of licensees or the reversion of licensed rights (such as the announced, in-process plan to bring in house a significant portion of the product categories that are or had been licensed to G-III Apparel Group, Ltd. upon the expirations over time of the underlying license agreements) and avoid any disruptions in the businesses during the transition from operation by the licensee to the direct operation by us or to a new licensee; (iii) the levels of sales of the Company's licensees at wholesale and retail, and the extent of discounts and promotional pricing in which the Company and its licensees and other business partners are required to engage, all of which can be affected by weather conditions, changes in the economy (including inflationary pressures like those currently being experienced globally), fuel prices, reductions in travel, fashion trends, consolidations, repositionings and bankruptcies in the retail industries, consumer sentiment and other factors; (iv) restrictions, including quotas and the imposition of new or increased duties or tariffs on goods from the countries where the Company or its licensees produce goods under its trademarks, any of which, among other things, could limit the ability to produce products in cost-effective countries, or in countries that have the labor and technical expertise needed, or require the Company or its licensees to absorb costs or try to pass costs onto customers or consumers, which could materially impact the Company's revenue and profitability; (v) changes in available factory and shipping capacity, wage and shipping cost escalation, and store closures in any of the countries where the Company's or its licensees' or wholesale customers' or other business partners' stores are located or products are sold or produced or are planned to be sold or produced, as a result of civil conflict, war or terrorist acts, the threat of any of the foregoing, or political or labor instability, such as the current war in Ukraine that led to the Company's exit from its retail business in Russia and the cessation of its wholesale operations in Russia and Belarus, and the temporary cessation of business by many of its business partners in Ukraine; (vi) disease epidemics and health-related concerns, such as the recent COVID-19 pandemic, which could result in (and, in the case of the COVID-19 pandemic, did result in some of the following) supply-chain disruptions due to closed factories, reduced workforces and production capacity, shipping delays, container and trucker shortages, port congestion and other logistics problems, closed stores, and reduced consumer traffic and purchasing, or governments implement mandatory business closures, travel restrictions or the like, and market or other changes that could result in shortages of inventory available to be delivered to the Company's stores and customers, order cancellations and lost sales, as well as in noncash impairments of the Company's goodwill and other intangible assets, operating lease right-of-use assets, and property, plant and equipment; (vii) the failure of the Company's licensees to market successfully licensed products or to preserve the value of the Company's brands, or their misuse of the Company's brands; and (viii) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update publicly any forward-looking statement, whether as a result of the receipt of new information, future events or otherwise.
Business Wire
2 days ago
- Business
- Business Wire
The Buckle, Inc. Reports May 2025 Net Sales
KEARNEY, Neb.--(BUSINESS WIRE)--The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the 4-week period ended May 31, 2025 increased 7.2 percent from comparable store net sales for the 4-week period ended June 1, 2024. Net sales for the 4-week fiscal month ended May 31, 2025 increased 7.8 percent to $88.4 million from net sales of $82.0 million for the prior year 4-week fiscal month ended June 1, 2024. Comparable store net sales year-to-date for the 17-week period ended May 31, 2025 increased 4.0 percent from comparable store net sales for the 17-week period ended June 1, 2024. Net sales for the 17-week fiscal period ended May 31, 2025 increased 4.7 percent to $360.5 million compared to net sales of $344.5 million for the prior year 17-week fiscal period ended June 1, 2024. About Buckle Buckle is a specialty retailer focused on delivering exceptional service and style through unforgettable experiences. Offering a curated mix of high-quality, on-trend apparel, accessories, and footwear, Buckle is for those living the styled life. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company's exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 438 retail stores in 42 states, which includes the closing of one store in fiscal May. The Company operated 440 stores in 42 states as of June 5, 2024. To listen to the Company's recorded monthly sales commentary, please call (308) 238-2500. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. News releases and other information on The Buckle, Inc. can be accessed at .
Yahoo
23-05-2025
- Business
- Yahoo
The Buckle, Inc. Reports First Quarter Net Income
KEARNEY, Neb., May 23, 2025--(BUSINESS WIRE)--The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended May 3, 2025 was $35.2 million, or $0.70 per share ($0.70 per share on a diluted basis). Net sales for the 13-week fiscal quarter ended May 3, 2025 increased 3.7 percent to $272.1 million from net sales of $262.5 million for the prior year 13-week fiscal quarter ended May 4, 2024. Comparable store net sales for the 13-week fiscal quarter ended May 3, 2025 increased 3.0 percent from comparable store net sales for the prior year 13-week period ended May 4, 2024. Online sales increased 4.5 percent to $46.4 million for the 13-week fiscal quarter ended May 3, 2025, compared to net sales of $44.4 million for the 13-week fiscal quarter ended May 4, 2024. Net income for the first quarter of fiscal 2025 was $35.2 million, or $0.70 per share ($0.70 per share on a diluted basis), compared with net income of $34.8 million, or $0.70 per share ($0.69 per share on a diluted basis) for the first quarter of fiscal 2024. Management will hold a live audio webcast at 10:00 a.m. EDT today to discuss results for the quarter. To register for the live event, please visit A replay of the event can be accessed through Buckle's investor relations website within twenty-four hours after the conclusion of the live event ( About Buckle Buckle is a specialty retailer focused on delivering exceptional service and style through unforgettable experiences. Offering a curated mix of high-quality, on-trend apparel, accessories, and footwear, Buckle is for those living the styled life. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company's exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 439 retail stores in 42 states. As of the end of the fiscal quarter, it operated 439 stores in 42 states compared with 440 stores in 42 states at the end of the first quarter of fiscal 2024. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. Note: News releases and other information on The Buckle, Inc. can be accessed at Financial Tables to Follow THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands Except Per Share Amounts) (Unaudited) Thirteen Weeks Ended May 3, 2025 May 4, 2024 SALES, Net of returns and allowances $ 272,121 $ 262,480 COST OF SALES (Including buying, distribution, and occupancy costs) 145,145 141,783 Gross profit 126,976 120,697 OPERATING EXPENSES: Selling 67,199 63,726 General and administrative 16,231 14,575 83,430 78,301 INCOME FROM OPERATIONS 43,546 42,396 OTHER INCOME, Net 3,067 3,754 INCOME BEFORE INCOME TAXES 46,613 46,150 INCOME TAX EXPENSE 11,420 11,307 NET INCOME $ 35,193 $ 34,843 EARNINGS PER SHARE: Basic $ 0.70 $ 0.70 Diluted $ 0.70 $ 0.69 Basic weighted average shares 50,199 49,854 Diluted weighted average shares 50,541 50,172 THE BUCKLE, INC. CONSOLIDATED BALANCE SHEETS (Amounts in Thousands Except Share and Per Share Amounts) (Unaudited) ASSETS May 3, 2025 February 1, 2025 (1) May 4, 2024 CURRENT ASSETS: Cash and cash equivalents $ 268,884 $ 266,929 $ 267,427 Short-term investments 22,883 23,801 23,052 Receivables 7,927 6,758 6,139 Inventory 132,395 120,789 130,661 Prepaid expenses and other assets 23,554 20,932 19,550 Total current assets 455,643 439,209 446,829 PROPERTY AND EQUIPMENT 518,076 510,088 493,025 Less accumulated depreciation and amortization (365,986 ) (364,336 ) (360,950 ) 152,090 145,752 132,075 OPERATING LEASE RIGHT-OF-USE ASSETS 330,014 289,793 288,646 LONG-TERM INVESTMENTS 28,275 28,116 26,763 OTHER ASSETS 11,307 10,303 11,757 Total assets $ 977,329 $ 913,173 $ 906,070 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 63,015 $ 45,982 $ 54,811 Accrued employee compensation 15,228 46,717 13,767 Accrued store operating expenses 23,494 19,266 23,477 Gift certificates redeemable 14,753 17,007 14,370 Current portion of operating lease liabilities 83,634 78,942 83,645 Income taxes payable 17,605 6,018 15,210 Total current liabilities 217,729 213,932 205,280 DEFERRED COMPENSATION 28,275 28,116 26,763 NON-CURRENT OPERATING LEASE LIABILITIES 286,052 247,321 240,212 Total liabilities 532,056 489,369 472,255 COMMITMENTS STOCKHOLDERS' EQUITY: Common stock, authorized 100,000,000 shares of $.01 par value; issued and outstanding; 51,157,306 shares at May 3, 2025, 50,773,556 shares at February 1, 2025, and 50,778,536 shares at May 4, 2024 512 508 508 Additional paid-in capital 209,995 205,817 196,208 Retained earnings 234,766 217,479 237,099 Total stockholders' equity 445,273 423,804 433,815 Total liabilities and stockholders' equity $ 977,329 $ 913,173 $ 906,070 (1) Derived from audited financial statements. View source version on Contacts Thomas B. Heacock, Chief Financial OfficerThe Buckle, Inc.(308) 236-8491 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
08-05-2025
- Business
- Business Wire
ConocoPhillips announces Bill Bullock to retire after 39 years with the company
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that W.L. (Bill) Bullock, executive vice president and chief financial officer, will retire from ConocoPhillips after 39 years of distinguished service. Andy O'Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, Commercial and Sustainability. Bill began his career with Conoco in 1986 and held numerous engineering, operations, commercial, and business development roles of increasing responsibility before joining the company's executive leadership team in 2018 and becoming chief financial officer in 2020. 'I want to thank Bill for his outstanding leadership, dedication and significant contributions over the course of his distinguished career at ConocoPhillips,' said Ryan Lance, chairman and chief executive officer. 'Bill has contributed to virtually every area of our business, working in many locations across our global portfolio. I wish Bill the very best in retirement and look forward to Andy's ongoing leadership as he assumes his new role.' --- # # # --- About ConocoPhillips As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. For more information, go to CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, including, without limitation, statements regarding our future financial position, business strategy, budgets, projected revenues, costs and plans, objectives of management for future operations, the anticipated benefits of our acquisition of Marathon Oil Corporation (Marathon Oil), the anticipated impact of our acquisition of Marathon Oil on the combined company's business and future financial and operating results and the expected amount and timing of synergies from our acquisition of Marathon Oil and other aspects of our operations or operating results. Words and phrases such as 'ambition,' 'anticipate,' 'believe,' 'budget,' 'continue,' 'could,' 'effort,' 'estimate,' 'expect,' 'forecast,' 'goal,' 'guidance,' 'intend,' 'may,' 'objective,' 'outlook,' 'plan,' 'potential,' 'predict,' 'projection,' 'seek,' 'should,' 'target,' 'will,' 'would,' and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward- looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include, but are not limited to, the following: effects of volatile commodity prices, including prolonged periods of low commodity prices, which may adversely impact our operating results and our ability to execute on our strategy and could result in recognition of impairment charges on our long-lived assets, leaseholds and nonconsolidated equity investments; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes as a result of any ongoing military conflict and the global response to such conflict, security threats on facilities and infrastructure, global health crises, the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries or the resulting company or third-party actions in response to such changes; the potential for insufficient liquidity or other factors, such as those described herein, that could impact our ability to repurchase shares and declare and pay dividends, whether fixed or variable; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks and the inherent uncertainties in predicting reserves and reservoir performance; reductions in our reserve replacement rates, whether as a result of significant declines in commodity prices or otherwise; unsuccessful exploratory drilling activities or the inability to obtain access to exploratory acreage; failure to progress or complete announced and future development plans related to constructing, modifying or operating related to constructing, modifying or operating E&P and LNG facilities, or unexpected changes in costs, inflationary pressures or technical equipment related to such plans; significant operational or investment changes imposed by legislative and regulatory initiatives and international agreements addressing environmental concerns, including initiatives addressing the impact of global climate change, such as limiting or reducing GHG emissions, regulations concerning hydraulic fracturing, methane emissions, flaring or water disposal and prohibitions on commodity exports; broader societal attention to and efforts to address climate change may cause substantial investment in and increased adoption of competing or alternative energy sources; risks, uncertainties and high costs that may prevent us from successfully executing on our Climate Risk Strategy; lack or inadequacy of, or disruptions in reliable transportation for our crude oil, bitumen, natural gas, LNG and NGLs; inability to timely obtain or maintain permits, including those necessary for construction, drilling and/or development, or inability to make capital expenditures required to maintain compliance with any necessary permits or applicable laws or regulations; potential disruption or interruption of our operations and any resulting consequences due to accidents, extraordinary weather events, supply chain disruptions, civil unrest, political events, war, terrorism, cybersecurity threats or information technology failures, constraints or disruptions; liability for remedial actions, including removal and reclamation obligations, under existing or future environmental regulations and litigation; liability resulting from pending or future litigation or our failure to comply with applicable laws and regulations; general domestic and international economic, political and diplomatic developments, including deterioration of international trade relationships, the imposition of trade restrictions or tariffs relating to commodities and material or products (such as aluminum and steel) used in the operation of our business, expropriation of assets, changes in governmental policies relating to commodity pricing, including the imposition of price caps, sanctions or other adverse regulations or taxation policies; competition and consolidation in the oil and gas E&P industry, including competition for sources of supply, services, personnel and equipment; any limitations on our access to capital or increase in our cost of capital or insurance, including as a result of illiquidity, changes or uncertainty in domestic or international financial markets, foreign currency exchange rate fluctuations or investment sentiment; challenges or delays to our execution of, or successful implementation of the acquisition of Marathon Oil or any future asset dispositions or acquisitions we elect to pursue; potential disruption of our operations, including the diversion of management time and attention; our inability to realize anticipated cost savings or capital expenditure reductions; difficulties integrating acquired businesses and technologies; or other unanticipated changes; our inability to deploy the net proceeds from any asset dispositions that are pending or that we elect to undertake in the future in the manner and timeframe we anticipate, if at all; the operation, financing and management of risks of our joint ventures; the ability of our customers and other contractual counterparties to satisfy their obligations to us, including our ability to collect payments when due from the government of Venezuela or PDVSA; uncertainty as to the long-term value of our common stock; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Associated Press
08-05-2025
- Business
- Associated Press
The Buckle, Inc. Reports April 2025 Net Sales
KEARNEY, Neb.--(BUSINESS WIRE)--May 8, 2025-- The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the 4-week period ended May 3, 2025 increased 6.1 percent from comparable store net sales for the 4-week period ended May 4, 2024. Net sales for the 4-week fiscal month ended May 3, 2025 increased 7.0 percent to $85.5 million from net sales of $79.9 million for the prior year 4-week fiscal month ended May 4, 2024. Comparable store net sales for the 13-week first quarter ended May 3, 2025 increased 3.0 percent from comparable store net sales for the 13-week period ended May 4, 2024. Net sales for the 13-week fiscal quarter ended May 3, 2025 increased 3.7 percent to $272.1 million compared to net sales of $262.5 million for the prior year 13-week fiscal quarter ended May 4, 2024. The Company will announce first quarter earnings on Friday, May 23, 2025. Management will hold a live audio webcast at 10:00 a.m. EDT on May 23, 2025 to discuss results for the quarter. To register for the live event, visit A replay of the event can be accessed through Buckle's investor relations website within twenty-four hours after the conclusion of the live event ( ). About Buckle Buckle is a specialty retailer focused on delivering exceptional service and style through unforgettable experiences. Offering a curated mix of high-quality, on-trend apparel, accessories, and footwear, Buckle is for those living the styled life. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company's exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 439 retail stores in 42 states, which includes the closing of one store in fiscal April. The Company operated 440 stores in 42 states as of May 8, 2024. To listen to the Company's recorded monthly sales commentary, please call (308) 238-2500. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. News releases and other information on The Buckle, Inc. can be accessed at View source version on CONTACT: Thomas B. Heacock, Chief Financial Officer The Buckle, Inc. (308) 236-8491 KEYWORD: UNITED STATES NORTH AMERICA NEBRASKA INDUSTRY KEYWORD: RETAIL SPECIALTY FASHION SOURCE: The Buckle, Inc. Copyright Business Wire 2025. PUB: 05/08/2025 06:50 AM/DISC: 05/08/2025 06:49 AM
