SHARE

PVH beats Q4 expectations as PVH+ plan lifts margins and sales

It reported Q4 adjusted operating margin of 10%, with overall margins at 11.7%, topping its 9% forecast. Revenue rose 6% to $2.5bn. CEO Stefan Larsson said PVH+ has expanded DTC to 50% and cut costs to strengthen Calvin Klein and Tommy Hilfiger.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.