pvh corp (PVH) Key Developments
SPEEDO USA Unveils New Elite Racing Suit, Fastskin LZR Racer X
Apr 21 15
SPEEDO USA, a division of PVH Corp. has announced the release of the Fastskin LZR Racer X, a new elite racing suit developed by its Aqualab research and development unit. Data from extensive 3D scanning and simulations, and testing by elite swimmers around the globe, played a key role in the development of the new LZR Racer X, which offers increased compression, greater support, maximum comfort, improved sensitivity and precise sizing. The new Speedo Fastskin LZR Racer X features are LZR Racer PulseLite, a light, powerful and durable fabric on the body of the suit that provides compression and support along with flexibility to allow upper torso movement during breathing and freedom of movement for the arms and LZR Racer CompreX, a dual fabric construction used on the legs and glutes of the suit with smart-stretch technology, which only stretches vertically, for high compression and freedom of movement. This allows swimmers to bend and move their legs during their stroke while still creating compression for a hydrodynamic profile. With the increased vertical stretch, there is also greater flexibility in starts and turns and a spring off the blocks and wall. The new Speedo Fastskin LZR Racer X also features maximized support seam construction with a unique tape design and an identifiable 'X' shape on both the front and back of the suit. The support seams follow and enhance the link between the muscles of the upper and lower body and promote correct body position in the water. On the front of the suit, the tape is aligned to provide a light tension supporting the quads and to help promote the alignment of the kick. On the rear of the suit, the stability seam crosses at the back to connect the lower body muscles with the shoulder muscles to help maintain optimal body positioning. The new Speedo Fastskin LZR Racer X also features laser cut, flat straps on women's suits give precise tension while allowing freedom of movement and the optimum balance between a secure but comfortable fit. Ab Activators, which are laser cut panels in the core liner of the women's suit that increase sensory awareness and encourage activation of lower abdominals while promoting optimal body position and a flat back in the water. The new Fastskin LZR Racer X is available in four silhouettes an Open Back Kneeskin and Closed Back Kneeskin for Women, and a Jammer and a High Waisted Jammer for Men. LZR Racer X is the newest addition to the Speedo Fastskin Racing System, furthering its mission to provide the widest and best choice of swimwear and equipment designed for maximum speed and performance in the water.
PVH Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended February 1, 2015; Provides Earnings Guidance for the First Quarter of 2015
Mar 25 15
PVH Corp. reported consolidated earnings results for the fourth quarter and full year ended February 1, 2015. For the quarter, the company reported total revenue of $2,068.8 million compared with $2,052.3 million for the same period last year. Earnings before interest and taxes was $6.2 million compared with $160.0 million for the same period last year. Pre-tax loss was $25.8 million compared pre-tax income of $114.6 million for the same period last year. Net income attributable to the company was $51.5 million or $0.62 diluted per share compared with net loss attributable to the company $37.5 million or $0.46 diluted per share for the same period last year. Net income on a non-GAAP basis attributable to company was $147.1 million or $1.76 diluted per share compared with net income attributable to the company $119.0 million or $1.43 diluted per share for the same period last year. Earnings before interest and taxes on a non-GAAP basis was $202.8 million compared with $206.8 million for the same period last year. The earnings increase was driven in large part by the revenue increase in North America, combined with an increase in gross margin in the international business, particularly in Europe.
For the full year, the company reported total revenue of $8,241.2 million compared with $8,186.4 million for the same period last year. Earnings before interest and taxes was $529.9 million compared with $513.4 million for the same period last year. Pre-tax income was $391.4 million compared $328.7 million for the same period last year. Net income attributable to the company was $439.0 million or $5.27 diluted per share compared with net income attributable to the company $143.5 million or $1.74 diluted per share for the same period last year. Net income on a non-GAAP basis attributable to company was $607.8 million or $7.30 diluted per share compared with net income attributable to the company $581.0 million or $7.03 diluted per share for the same period last year. Earnings before interest and taxes on a non-GAAP basis was $920.6 million compared with $966.9 million for the same period last year.
First quarter 2015 earnings per share on a non-GAAP basis is currently projected to be in a range of $1.35 to $1.40, which reflects an expected $0.30 per share negative impact related to foreign currency exchange rates and pressures on the Company's Russia businesses.
PVH Corp. to Report Q4, 2015 Results on Mar 25, 2015
Mar 11 15
PVH Corp. announced that they will report Q4, 2015 results at 5:00 PM, Eastern Standard Time on Mar 25, 2015
PVH Corp., Q4 2015 Earnings Call, Mar 26, 2015
Mar 11 15
PVH Corp., Q4 2015 Earnings Call, Mar 26, 2015
PVH Corp. to Close Izod Retail Division
Jan 7 15
PVH Corp. announced that it will close its Izod retail division, with the closing expected to be completed by the end of fiscal 2015. The closure of the retail business is not expected to impact the Company’s growing Izod wholesale business. The Izod retail division currently operates approximately 120 stores. Approximately 20 stores will be converted to store formats under Calvin Klein and Tommy Hilfiger nameplates, with the remaining stores to be closed. The company expects to record pre-tax charges in connection with the closure of approximately $40 million, half of which is expected to be non-cash. The charges relate principally to asset impairments, severance, inventory markdowns and lease exit costs.