PVH closes 2021 with a 28% increase in sales

PVH closes 2021 with a 28% increase in sales

Sumary of PVH closes 2021 with a 28% increase in sales:

  • “We delivered solid fourth-quarter sales and earnings that exceeded expectations,” said Stefan Larsson, CEO of PVH Corp.
  • Calvin Klein’s quarterly sales grew 27%, driven by a 32% increase in North America and a 24% increase in its international business.
  • On Tuesday reported solid fourth-quarter sales and earnings that beat market expectations, ending a fiscal year in which overall sales rose 28% and operating margins exceeded pre-pandemic levels.
  • Wholesale sales rose 20% due to the shift in US wholesale shipments from the third quarter to the fourth quarter as a result of logistics disruptions in October.
  • By brand, Tommy Hilfiger sales grew 18%, thanks to a 20% increase in international sales and a 14% increase in the North American market.
  • Online sales increased 10% in the quarter, while direct-to-consumer sales increased 13%.

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