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 30th Annual
Global Retailing Conference on Tuesday, September 12, 2023, at 9:35
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 12 months.
About PVH Corp.
PVH is one of the world’s largest and most admired fashion
companies, connecting with consumers in over 40 countries. Our
global iconic brands include Calvin Klein and TOMMY HILFIGER. Our
140-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 Facebook, Instagram, Twitter 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 of future events and
financial performance as of August 29, 2023. Forward-looking
statements made by Company management during the Conference,
including, without limitation, statements relating to the Company’s
future revenue, earnings, 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 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, and the August 2021 sale of assets of, and exit from, its
Heritage Brands 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 plan to bring in-house most
of the product categories currently 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 seen 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’ value; (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 29, 2023
in connection with the Company’s second quarter 2023 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’s future results of operations could differ
materially from historical results or as reflected in its
forward-looking statements. 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.
The Company’s presentation may not be recorded, reproduced,
retransmitted, rebroadcast, downloaded or otherwise used without
PVH's express written permission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230905564406/en/
Investor Contact: Sheryl Freeman
InvestorRelations@pvh.com
Media Contact: Communications@pvh.com
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