Market Research Report on PVH Corp.

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Company Overview

• Name: PVH Corp.

• Mission: Our vision is to build Calvin Klein and TOMMY HILFIGER into the most desirable lifestyle brands in the world and make PVH one of the highest performing brand groups in our sector.

• Founded by: Moses and Endel Phillips in 1881, initially as a shirt manufacturing business.

• Key People:

• Stefan Larsson: Chief Executive Officer

• Zac Coughlin: Chief Financial Officer

• Eva Serrano: Global Brand President, Calvin Klein

• Lea Rytz Goldman: Global Brand President, Tommy Hilfiger

• Donald Kohler: President, Calvin Klein Americas

• Sophia Hwang-Judiesch: President, Tommy Hilfiger North America

• Tom Chu: Regional President, PVH Asia Pacific

• David Savman: Chief Supply Chain Officer and Interim Chief Executive Officer of Europe

• Ester Jimenez: Chief Technology and Information Officer

• Amba Subrahmanyam: Chief People Officer

• Sara Bland: Chief Strategy Officer

• Amber McCann: Chief Communications Officer

• Mark Fischer: General Counsel and Secretary

• Headquarters: New York, NY, USA

• Number of Employees: Approximately 29,000 associates globally

• Revenue: $9.2 billion in 2023 global revenues

• What the Company is Known For: PVH Corp. is known for managing globally recognized brands including Calvin Klein and TOMMY HILFIGER, renowned for their fashion-forward designs and lifestyle branding.

Products

Brands

• Calvin Klein

• Known for: Simplicity and Sensual Minimalism

• High-Level Description: Focused on strong consumer engagement with a minimalist approach, Calvin Klein emphasizes sleek and sophisticated fashion with iconic branding.

• Tommy Hilfiger

• Known for: Classic, American Cool

• High-Level Description: Tommy Hilfiger embodies a youthful spirit with classic American style. It appeals to consumers with its cool and casual aesthetic combined with a contemporary design.

Recent Developments

• New Appointments:

• Fredrik Olsson appointed as CEO of PVH EMEA, bringing experience from Max Fashion and H&M Group to drive growth in the region.

• Product Launches & Campaigns:

• Calvin Klein Fall 2024 Campaign:

• Launched on September 24, 2024, featuring the music group NewJeans. This campaign focuses on new denim and fall essentials with vibrant colors and modern fits.

• Financial Highlights:

• PVH Corp. reported a decrease of 6% in revenue for the second quarter of 2024, staying in line with their guidance projections.

• Earnings per share on a GAAP basis for the second quarter of 2024 was $2.80 compared to $1.50 in the prior year period.

• Stock and Investor Activity:

• PVH Corp. declared a quarterly cash dividend of $0.0375 per share payable on September 25, 2024.

• Participated in the Goldman Sachs 31st Annual Global Retailing Conference on September 5, 2024.

• Strategic Plans:

• Execution of the PVH+ Plan, focused on sustainable and profitable growth.

• Strategic growth centered on developing Calvin Klein and TOMMY HILFIGER as leading lifestyle brands worldwide.

• Operational Changes:

• Continued strategic reduction in revenue in Europe to improve sales quality, while North America shows a strong consumer engagement and sales increase.

• Repurchased 200,000 shares of its common stock for $25 million during the second quarter of 2024.

Conclusions

This report has outlined the strategic and operational strengths of PVH Corp., emphasizing the recent leadership changes, brand focus on consumer engagement, product innovation, and robust financial strategies to maintain its position as a global leader in fashion. The company's strategic moves, including the PVH+ Plan, are designed to ensure sustainable long-term growth and enhance shareholder value.