PVH Corp (PVH) Reports Q4 Earnings Beat and Raise
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PVH Corp. Reports 2021 Fourth Quarter and Full Year Results and Provides 2022 Outlook
March 29, 2022 4:15 PM EDTFourth quarter revenue increased 16% to $2.430 billion (increased 20% on a constant currency basis) compared to the prior year period and exceeded guidance Revenue in international businesses for the quarter significantly exceeded fourth quarter 2019 pre-pandemic levels Full year 2021 revenue increased 28% to $9.155 billion (increased 26% on a constant currency basis) compared to 2020 Revenue through digital channels grew approximately 30% compared to 2020, with approximately 25% digital penetration as a percentage of total revenue Delivered record full year gross margin and EPS Gross margin increased over 400 basis points (fourth quarter) and over... More
