×
2 558
Fashion Jobs
URBN
Free People Assistant Visual Manager - Kings Road, London
Permanent · LONDON
URBN
Anthroplogie Visual Manager - Regent st, London
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Jollys, Bath - 7.5 Hours - Part Time, Permanent
Permanent · Bath
ESTEE LAUDER
la Mer - Business Manager - Selfridges, Exchange, Manchester - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Manchester
ESTEE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 13 Hours - Part Time, Permanent
Permanent · Patchway
ESTEE LAUDER
Tom Ford, Frederic Malle, by Kilian - Business Manager - Harvey Nichols, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
AESOP
Retail Consultant | Part Time, Permanent | New Aesop Battersea Power Station, London
Permanent · London
AESOP
Retail Consultant | Full-Time, Permanent | New Aesop Battersea Power Station, London
Permanent · London
BERSHKA
General Manager - Bershka Blanchardstown
Permanent ·
STRADIVARIUS
General Manager - Stradivarius Jervis
Permanent ·
STRADIVARIUS
Stradivarius General Manager Stratford
Permanent · LONDON
HEAD OFFICE
Commercial Buying Product Expert
Permanent · BRACKNELL
DEBENHAMS
CRM Assistant
Permanent · LONDON
HEAD OFFICE
Information Security Analyst (Cloud), Secure by Design
Permanent · BRACKNELL
AUTUMNPAPER LIMITED
Alexander Mcqueen Senior Performance Marketing Manager - 12 Month Ftc
Permanent · LONDON
DR. MARTENS
Retail Regional Manager - UK
Permanent · LONDON
BOOHOO GROUP
Warehouse Operative
Permanent · BURNLEY
VF INTERNATIONAL
Account Coordinator - Italian Speaking - Vans
Permanent · NOTTINGHAM
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Inventory Team Leader
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
Published
Mar 30, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

PVH caps off stellar 2021 with 28% sales uptick; Calvin Klein, international shines

Published
Mar 30, 2022

PVH Corp. announced on Tuesday strong fourth quarter revenue and earnings that surpassed expectations, capping off a year that saw annual revenues lift 28% and operating margins beat out 2019 pre-pandemic levels.


Full year 2021 revenues gained 28% to$9.155 billion compared to 2020 - Calvin Klein


New York-based PVH said revenue for the fourth quarter increased 16% (increased 20% on a constant currency basis) to $2.43 billion, compared to the prior year period, despite continued supply chain and logistics disruptions and the ongoing impacts of the Covid-19 pandemic, and reflected strong performance in the company’s international businesses, primarily driven by Europe. ​

Online sales in the quarter were up 10%, while direct-to-consumer sales increased 13%. Wholesale revenues lifted 20%, said the company, due to ​the favorable impact of the shift in the timing of U.S. wholesale shipments from the third quarter into the fourth quarter as a result of logistics disruptions in October.

By brand, Tommy Hilfiger revenues gained 18%, on the back of a 20% increase in international sales and a 14% in its North America market. Calvin Klein quarterly sales surged 27%, driven by a 32% gain in North America and a 24% increase internationally.

Net income for the quarter totalled $390.8 million, a return to black from the prior-year quarterly loss of $58.1 million, the company said in a statement.

“We delivered strong fourth quarter revenue and earnings above guidance," said ​​Stefan Larsson, chief executive officer, PVH Corp.

"For 2021, we executed on our accelerated recovery priorities, achieving operating margins that were above 2019 pre-pandemic levels and ahead of our plan, driven by strong gross margin expansion, further positioning PVH to win with the consumer in the ‘new normal’ and deliver sustainable profitable long-term growth.”

Full year 2021 revenues gained 28% to $9.155 billion (increased 26% on a constant currency basis) compared to 2020, while revenue through digital channels grew approximately 30% compared to 2020. By brand, Tommy Hilfiger revenues lifted 29%, while Calvin Klein surged 39%.

Net income for the year totalled $952 million, recovering from the $1.1 billion loss recorded in 2020.

​In 2022, PVH is projecting revenue growth of 2% to 3%.

 “As we look ahead, we are confident in the strength and momentum in our business and our ability to drive strong underlying top and bottom line growth by leaning in to what is within our control, despite the significantly increased macroeconomic and geopolitical volatility over the last few months, including the war in Ukraine, the impact of the global pandemic, and the inflationary pressures we see across our regions," added Larsson.

"We will successfully navigate these headwinds in 2022, and we will do it through driving brand and product relevance with our two iconic global brands, Calvin Klein and Tommy Hilfiger, super-charging digital, further improving our consumer engagement, and driving efficiencies while investing in our strategic growth areas.”

Copyright © 2022 FashionNetwork.com All rights reserved.