Calvin Klein,Tommy Hilfigerdrive PVH
PVH has been doing extremely well, mainly because of its brands Calvin Klein and Tommy Hilfiger, in particular.These two brands are performing impressively worldwide and significantly contributing to the company’s profitability.
For fiscal 2018, revenues are anticipated to increase roughly nine per cent at Calvin Klein and eight per cent at Tommy Hilfiger. For the fiscal first quarter, the company expects revenues to grow 17 per cent at Calvin Klein and 19 per cent at Tommy Hilfiger.
PVH also has a significant international presence and outlets in various tourist destinations in the United States. Impressively, currency has been favorably impacting the company’s results. Given sturdy fourth-quarter fiscal 2017 and currency tailwinds, management issued bullish guidance for first-quarter and fiscal 2018. It expects favorable currency to boost adjusted earnings by 20 cents per share in the first quarter and nearly 35 cents per share in fiscal 2018.
Additionally, PVH boasts a healthy balance sheet, which provides it the financial flexibility to drive future growth. In fact, the company’s ability to generate a strong operating cash flow has helped in the execution of its long-term strategies, such as global expansion, product enhancement and brand offerings, and building of operational infrastructure.