PVH Corp. (NYSE: PVH) announced today that Stefan Larsson, Chief
Executive Officer, and Zac Coughlin, Chief Financial Officer, will
participate in a fireside chat at the Goldman Sachs 31st Annual
Global Retailing Conference on Thursday, September 5, 2024, at
10:20 AM Eastern Time.
The event will be broadcast live over the Internet. A link will
be available on the Company’s website, www.pvh.com, 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 6 months.
About PVH Corp.
PVH is one of the world’s largest fashion companies, connecting
with consumers in over 40 countries. Our global iconic brands
include Calvin Klein and TOMMY HILFIGER. Our 140-plus-year history
is built on the strength of our brands, our team and our commitment
to drive fashion forward for good. That’s the Power of Us. That’s
the Power of PVH.
Follow us on Instagram, X 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.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The information made available by the
Company during the Conference will contain certain forward-looking
statements that reflect the Company’s view as of August 27, 2024
regarding future events and financial events, including, without
limitation, regarding the Company’s future revenue, earnings,
plans, strategies, objectives, expectations and intentions. These
statements 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 Company’s ability to realize anticipated benefits and
savings from divestitures, restructurings and similar plans, such
as the headcount cost reduction initiative announced in August
2022, the 2021 sale of assets of, and exit from, its Heritage
Brands menswear and retail businesses, and the November 2023 sale
of the Heritage Brands women’s intimate apparel business to focus
on its Calvin Klein and Tommy Hilfiger businesses; (iii) 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 most 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; (iv) the Company has significant levels of outstanding debt
and borrowing capacity and uses a significant portion of its cash
flows to service its indebtedness, as a result of which the Company
might not have sufficient funds to operate its businesses in the
manner it intends or has operated in the past; (v) the levels of
sales of the Company’s apparel, footwear and related products, both
to its wholesale customers and in its retail stores and its
directly operated digital commerce sites, 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; (vi)
the Company’s ability to manage its growth and inventory; (vii)
quota restrictions, the imposition of safeguard controls 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 to absorb costs or try to pass costs onto
consumers, which could materially impact the Company’s revenue and
profitability; (viii) the availability and cost of raw materials;
(ix) the Company’s ability to adjust timely to changes in trade
regulations and the migration and development of manufacturers
(which can affect where the Company’s products can best be
produced); (x) the regulation or prohibition of the transaction of
business with specific individuals or entities and their affiliates
or goods manufactured in (or containing raw materials or components
from) certain regions, such as the listing of a person or entity as
a Specially Designated National or Blocked Person by the U.S.
Department of the Treasury’s Office of Foreign Assets Control and
the issuance of Withhold Release Orders by the U.S. Customs and
Border Protection; (xi) 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;
(xii) 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; (xiii) actions taken towards
sustainability and social and environmental responsibility as part
of the Company’s sustainability and social and environmental
strategy may not be achieved or may be perceived to be falsely
claimed, which could diminish consumer trust in the Company’s
brands, as well as the Company’s brands’ values; (xiv) 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; (xv) significant fluctuations of the U.S.
dollar against foreign currencies in which the Company transacts
significant levels of business; (xvi) the Company’s retirement plan
expenses recorded throughout the year are calculated using
actuarial valuations that incorporate assumptions and estimates
about financial market, economic and demographic conditions, and
differences between estimated and actual results give rise to gains
and losses, which can be significant, that are recorded immediately
in earnings, generally in the fourth quarter of the year; (xvii)
the impact of new and revised tax legislation and regulations; and
(xviii) other risks and uncertainties indicated from time to time
in the Company’s filings with the Securities and Exchange
Commission (“SEC”).
Comments made by Company management will include certain
non-GAAP financial measures, as defined under SEC rules.
Reconciliations of these measures are included in the Company’s
Current Report on Form 8-K furnished to the SEC on August 27, 2024
in connection with the Company’s second quarter 2024 earnings
release, which is available on the Company’s website at www.PVH.com
and on the SEC’s website at www.sec.gov.
The Company does not undertake any obligation to update publicly
any forward-looking statement, including, without limitation, any
estimate regarding revenue or earnings, whether as a result of the
receipt of new information, future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240829661478/en/
Investor Contact: Sheryl Freeman
InvestorRelations@pvh.com Media Contact: Alison Rappaport
Communications@pvh.com
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