PVH Corp. reports second-quarter 2024 earnings above expectations

PVH Corp. (NYSE: PVH) today reported second-quarter 2024 results and updated full-year earnings per share (EPS).

Stefan Larsson, Chief Executive Officer, commented: “We delivered on our top and bottom line commitments and exceeded our second quarter earnings guidance, led by our disciplined execution of the PVH+ Plan. For both Calvin Klein and Tommy Hilfiger, we drove strong consumer engagement and continued to increase product strength and enhance novelty in our assortment, resulting in more full price sales and fewer end-of-season clearances, leading to significant gross margin expansion.”

Larsson continued: “Step by step, we continue to build strength in product, consumer engagement and market execution, supported by the expansion of our data and demand-driven supply chain. North America remains a strong proof point, in Europe we are on track with our focused sales quality initiatives, and in Asia Pacific we continue to drive strong brand engagement to win big consumer moments. Looking ahead, as we navigate an increasingly challenging global macro backdrop, we remain relentlessly focused on delivering brand-enhancing, long-term growth.”