PVH Corp.


SKU: PVH Category:


This is our first report on apparel major, PVH Corp. The company’s third quarter earnings for 2023 portray an encouraging picture of the company’s financial performance, characterized by a steady stream of revenue and a strategic focus on its core brands. PVH Corp. displayed resilience by achieving an overall revenue growth in line with guidance, up 4% on a reported basis and up 1% in constant currency. This achievement was fueled by the strong performance of its two global brands, Calvin Klein and Tommy Hilfiger. Furthermore, the company exceeded its earnings guidance, posting a commendable Q3 EBIT growth of 13% year-on-year and subsequent margin expansion. This performance can primarily be attributed to PVH Corp.’s disciplined execution of its brand building growth plan, the PVH+ Plan, which focuses on strategic growth drivers including winning with product, consumer engagement, marketplace management, data-driven supply chain development, and cost-efficiency.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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