Apparel company PVH Corp. (NYSE: PVH) has reported a decline in adjusted profit for the fourth quarter of 2022, despite a modest increase in revenues.
Total revenues increased 2% year-over-year to $2.49 billion in the final three months of fiscal 2022. Sales growth in the main Calvin Klein and Tommy Hilfiger segments was partially offset by a decline in the Heritage Brands division.
On an adjusted basis, PVH reported earnings of $2.38 per share for the fourth quarter, which is down 16% from the prior-year period. Unadjusted profit declined sharply to $138.7 million or $2.18 per share.
“We delivered strong fourth quarter performance with stronger than expected high-single digit constant currency revenue growth and earnings above guidance. Our disciplined execution of the PVH+ Plan, our multi-year, brand-focused, direct-to-consumer and digitally-led strategy enabled us to compete to win despite the challenging macro situation,” said PVH’s CEO Stefan Larsson.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
BLK Q4 Preview: BlackRock appears poised for another earnings beat
BlackRock, Inc. (NYSE: BLK), the largest asset management company, is set to publish its fourth-quarter 2025 results next week. The update is expected to shed light on how the firm’s
A look at Best Buy’s (BBY) progress on its growth strategy
Shares of Best Buy Co., Inc. (NYSE: BBY) fell over 3% on Wednesday. The stock has dropped 17% over the past 12 months. The consumer electronics retailer delivered sales and
