PVH records better-than-expected results - insidedenim: Glo InsideDenim

News

PVH records better-than-expected results

01/04/2025
PVH records better-than-expected results
New York-based fashion & lifestyle group PVH Corp has released its financial results for the fourth quarter of 2024 and full year. Revenues in Q4 were down by 5% and by 6% for the FY, just short of expectations. The one-week difference between 2023 (53-week year) and 2024 is cited as contributing 3% to the decline in sales.

Annual revenues for the group in 2024 were $8.653 billion, impacted by the sale of its Heritage Brands women’s intimates business. Sales of Tommy Hilfiger products were down 5% in the United States and 7% globally, partly due to the group’s intention to upgrade its retailer base in Europe. Sales for Calvin Klein decreased by 1%.

For 2025, the company expects sales to be flat or increase slightly.

Stefan Larsson, CEO, commented that “in Europe our Fall ‘25 order books are back to growth” and pointed out that “we achieved our third consecutive year of growth in Asia Pacific, on a constant currency basis”.

Photo: Calvin Klein website

Related stories:

PVH records modest growth in first quarter 05/06/2025
Internal promotion to head Calvin Klein brand 12/05/2025
Next-gen materials could make up 8% of total in 5 years - report 14/02/2025
China puts restrictions on PVH Corp 12/02/2025
PVH exceeds expectations in difficult context 09/12/2024
Fredrik Olsson to head PVH in Europe 09/09/2024
PVH Foundation grants $1.4m in one year 20/09/2023
PVH opens up sustainability performance-based financing for suppliers 03/05/2023

InsideDenim.com cannot be held responsible for content if the language setting is changed from English. The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.