Latest news with #ZacCoughlin
Yahoo
2 days ago
- Business
- Yahoo
PVH Corp. to Host Conference Call to Discuss Second Quarter 2025 Earnings Results
NEW YORK, August 11, 2025--(BUSINESS WIRE)--PVH Corp. (NYSE: PVH) today announced that it will release its second quarter 2025 earnings results on Tuesday, August 26, 2025, after the market closes. PVH will sponsor a conference call on Wednesday, August 27, 2025, beginning at 9:00 A.M. Eastern Time, hosted by Stefan Larsson, Chief Executive Officer, and Zac Coughlin, Chief Financial Officer, to discuss the results. The call will be broadcast live over the Internet. A link will be available on the Company's website, under the Investors section. For those who are unable to listen to the live broadcast, the webcast replay will remain available after the call on PVH's website for 12 months. 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 Follow us on Instagram and LinkedIn. The webcast and conference call will consist of copyrighted material and may not be recorded, reproduced, retransmitted, rebroadcast, downloaded or otherwise used without PVH's express written permission. The information made available on the webcast and conference call will contain certain forward-looking statements that reflect PVH's view of future events and financial performance as of Tuesday, August 26, 2025. All such forward-looking statements are subject to risks and uncertainties indicated from time to time in the Company's SEC filings. Therefore, the Company's future results of operations could differ materially from historical results or current expectations, as more fully discussed in its SEC filings. The Company does not undertake any obligation to update publicly any forward-looking statement, including, without limitation, any estimate regarding revenues or earnings. The information made available also will include certain non-GAAP financial measures, as defined under SEC rules. A reconciliation of these measures will be included in the Company's earnings release, which will be posted on the Company's website, and included in the Company's current report on Form 8-K to be furnished to the SEC in advance of the webcast and conference call. View source version on Contacts Investor Contact:Sheryl Freemaninvestorrelations@ Media Contact:communications@ Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
06-06-2025
- Business
- Yahoo
PVH beats Q1 revenue expectations but cuts FY25 outlook
US-based fashion and lifestyle retailer PVH Corp has reported that its revenue increased 2% to $1.984bn in the first quarter (Q1) of 2025 (FY25). The company's Europe, the Middle East and Africa (EMEA) segment revenue saw a 5% increase, while Americas revenue grew by 7%. However, Asia Pacific (APAC) revenue declined 13%, affected by the timing of the 2025 Lunar New Year and a challenging consumer environment, especially in China. Licensing revenue decreased 2% due to the in-house transition of certain women's product categories. The company's Tommy Hilfiger brand saw a revenue increase of 3%, while Calvin Klein's revenue remained flat. PVH CEO Stefan Larsson stated: '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: F The Movie.' Direct-to-consumer revenue declined 3%, with owned and operated store revenue down 5%. In contrast, owned and operated digital commerce revenue grew 3%, driven by growth in Americas. Wholesale revenue increased by 6%, driven by growth in the Americas and EMEA. PVH's gross margin decreased to 58.6% from 61.4% in the previous year, reflecting an unfavourable shift in channel mix, increased promotional activity, the transition of licensed women's product categories to an in-house wholesale business and higher freight costs. The company reported a generally accepted accounting principles (GAAP) loss before interest and taxes of $332m, including a $4m negative impact from foreign currency translation, compared to a $205m earnings in the previous year. PVH's 2025 outlook includes an estimated net negative impact from US tariffs, with a projected full-year earnings before interest and taxation impact of $65m. The company reaffirms its revenue outlook to be flat or slightly increased, with a non-GAAP operating margin projected at around 8.5%. Full-year earnings per share (EPS) is expected to range between $10.75 and $11.00 on a non-GAAP basis. For the second quarter of 2025, revenue is projected to increase in the low single digits, with EPS in the range $1.85 to $2 on a non-GAAP basis. PVH notes significant uncertainties in global trade policies and macroeconomic conditions, which could materially change the 2025 outlook. PVH chief financial officer Zac Coughlin stated: We are reaffirming our revenue guidance for the year but are decreasing our outlook for profitability and earnings per share to reflect that backdrop and the current performance of our business. 'Our focus remains on taking proactive measures, including investing in cut-through marketing campaigns and delivering increasing cost efficiencies through execution of our Growth Driver 5 multi-year cost savings initiative, that will improve our trajectory in the second half.' In June 2024, Calvin Klein opened a flagship store in Paris, at 44 Avenue des Champs-Élysées. "PVH beats Q1 revenue expectations but cuts FY25 outlook" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
Yahoo
05-06-2025
- Business
- Yahoo
PVH is ‘focused on what we can control' in uncertain consumer environment
This story was originally published on Fashion Dive. To receive daily news and insights, subscribe to our free daily Fashion Dive newsletter. PVH Corp. saw its revenue increase 2% to $1.98 billion in the first quarter of fiscal 2025, according to a press release Wednesday. The increase exceeded the company's previous guidance of flat to down 2% for the quarter. Tommy Hilfiger revenue increased 3% year over year, driven by growth in the Americas as well as the region including Europe, the Middle East and Africa. Calvin Klein revenue was flat for the period. Overall DTC revenue fell 3% year over year, with growth in EMEA offset by declines in both the Americas and in Asia Pacific. Wholesale revenue increased 6%. 2025 is an important year in PVH's previously announced multi-year PVH+ Plan, which looks to boost the value and desirability of the Calvin Klein and Tommy Hilfiger brands. The strategic plan is also designed to bring the company to $12.5 billion in revenue by the end of this year. Thus, growing revenue is a big commitment for the company in 2025, said CFO Zac Coughlin on an earnings call with investors Thursday. However, changing tariff policies and tempered consumer spending have made this a challenging time for the fashion industry. '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,' PVH CEO Stefan Larsson said in the press release. '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.' Next quarter, PVH expects revenue to increase in the low single-digits compared to the same period last year. PVH reaffirmed its fiscal 2025 outlook, and forecast revenue to be flat or slightly up year over year. However, it changed its earnings per share guidance for the year to a range of $10.75 to $11, down from its previous guidance of $12.40 to $12.75. On the earnings call, Larsson said that despite the negative consumer and macroeconomic environment, the company is still able to retain customers by tapping into product innovation, distinctive marketing and strong wholesale. He pointed to the recent product innovation in Calvin Klein's men's underwear, including a viral ad campaign with musician Bad Bunny, as well as Tommy Hilfiger's partnership with Cadillac for a Formula 1-inspired collection. PVH said it identified $65 million in unmitigated tariff effects for the rest of the year, though it believes it has an advantage with a globally diversified revenue base and supply base. The company has a larger international share of its business than some of its competitors, with 30% of its business in the U.S. and 70% international, per Larsson. PVH is working with its supply chain partners to share the impact of the tariffs if possible, but noted that it's ready to take 'calibrated and targeted pricing action' in business lines where it has pricing power, Coughlin said on the call. 'We remain laser focused on perceived value for our consumers, so we will evaluate to take discount reductions to mitigate potential tariff impact,' he said. Recommended Reading Calvin Klein global brand president exits 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
Yahoo
05-06-2025
- Business
- Yahoo
PVH Stock Sinks as Calvin Klein Owner Says Tariffs Will Hurt Profit
PVH warned that new U.S. tariffs will hurt 2025 profit. The owner of the Calvin Klein and Tommy Hilfiger brands lowered its full-year profit outlook. PVH reported better-than-anticipated first-quarter earnings and revenue on higher sales in the Americas and Europe, Middle East, and of PVH (PVH) sank 17% Thursday, a day after the apparel maker warned full-year profit will be dragged down by new U.S. tariffs. The company behind the Calvin Klein and Tommy Hilfiger brands reported it now sees 2025 adjusted earnings per share (EPS) of $10.75 to $11.00, down from its earlier outlook of $12.40 to $12.75. It explained that the guidance "reflects an estimated net negative impact related to the tariffs currently in place for goods coming into the U.S., including an approximately $65 million unmitigated impact to full year 2025 EBIT, or approximately $1.05 per share." It added the effects would be partially offset by "planned mitigation actions" in the second half of the year. CFO Zac Coughlin said PVH was "decreasing our outlook for profitability and earnings per share to reflect that backdrop and the current performance of our business." The news offset better-than-expected first-quarter results, boosted by demand in the Americas and Europe, Middle East, and Africa (EMEA). The company posted adjusted EPS of $2.30, with revenue rising 2% year-over-year to $1.98 billion. Both exceeded Visible Alpha forecasts. Sales in the Americas were up 7% to $608.4 million, and 5% to $927.7 million in EMEA. However, sales tumbled 13% to $351.7 million in the Asia-Pacific region, and licensing revenue dropped 1.5% to $95.8 million. Tommy Hilfiger sales grew 3.4% to $1.05 billion, while Calvin Klein sales were basically flat at $886.1 million. Sales of its Heritage brand fell 5% to $49.4 million. With today's sharp declines, PVH shares have lost more than a third of their value this year. Read the original article on Investopedia Sign in to access your portfolio
Fibre2Fashion
05-06-2025
- Business
- Fibre2Fashion
US' PVH Q1 revenue up 2%; EPS outlook trimmed on tariffs
PVH Corp has reported a revenue of $1.984 billion for the first quarter (Q1) of fiscal 2025 (FY25) ended May 4, up 2 per cent year-on-year (YoY) and ahead of guidance. Non-GAAP earnings per share (EPS) stood at $2.30, surpassing forecasts of $2.10 to $2.25, while GAAP EPS was $0.88, impacted primarily by a $480 million noncash goodwill and intangible asset impairment. PVH Corp's Q1 FY25 revenue has risen by 2 per cent YoY to $1.984 billion, beating guidance. Non-GAAP EPS was $2.30, while GAAP EPS stood at $0.88 due to a $480 million impairment. EMEA and Americas grew; APAC declined. Tommy Hilfiger rose 3 per cent; Calvin Klein was flat. FY25 EPS guidance was cut to $10.75â€'$11.00 due to tariffs; Q2 EPS seen at $1.85â€'$2.00. 'We drove solid first quarter results, which included low-single digit revenue growth and non-GAAP earnings per share above our guidance,' said Zac Coughlin, chief financial officer. Regionally, Europe, the Middle East and Africa (EMEA) revenue rose 5 per cent (4 per cent constant currency), driven by growth in both wholesale and direct-to-consumer businesses. Americas revenue grew 7 per cent (8 per cent constant currency), led by wholesale gains and the in-house transition of previously licensed women's products, despite a mid single-digit drop in direct-to-consumer sales. Asia-Pacific (APAC) revenue declined 13 per cent (11 per cent constant currency), impacted by a shift in the Lunar New Year sales period and a challenging consumer environment in China, the company said in a media release. Tommy Hilfiger recorded a 3 per cent revenue increase, whereas Calvin Klein's revenue was unchanged from the prior year period. '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,' Stefan Larsson, chief executive officer, commented. Gross margin fell to 58.6 per cent from 61.4 per cent, reflecting an unfavourable channel mix, increased promotional activity, and product delays. Inventory rose 19 per cent due to early seasonal buys and core product investments. EBIT on a non-GAAP basis was $160 million versus $195 million a year earlier. PVH reaffirmed its full-year FY25 revenue guidance but lowered its non-GAAP EPS forecast to $10.75–$11.00 from a prior range of $12.40–$12.75, citing a $1.05 per share unmitigated impact from tariffs on US imports. Operating margin is now projected at approximately 8.5 per cent (non-GAAP), down from 10 per cent in FY24. Q2 revenue is expected to rise modestly, with non-GAAP EPS guidance set at $1.85–$2, down from $3.01 in the prior-year quarter. '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,' Larsson continued. 'We are reaffirming our revenue guidance for the year but are decreasing our outlook for profitability and earnings per share to reflect that backdrop and the current performance of our business. Our focus remains on taking proactive measures, including investing in cut-through marketing campaigns and delivering increasing cost efficiencies through execution of our Growth Driver 5 multi-year cost savings initiative, that will improve our trajectory in the second half,' Coughlin said. Fibre2Fashion News Desk (HU)
