PVH CORP. /DE/

PVH Corp. announced a global enterprise-wide initiative to accelerate strategic priorities, improve productivity, and strengthen long-term growth. The plan includes workforce reductions of approximately 4% globally, primarily in non-consumer-facing roles. The company expects to achieve at least $100 million in pre-tax cost reductions in fiscal 2027, with projected net pre-tax annualized cost savings of at least $150 million starting in fiscal 2028. The initiative is expected to be completed by the end of fiscal 2027.

PVH Corp. announced that its Board of Directors' Executive Committee declared a quarterly cash dividend of $0.0375 per share on the company's common stock. The dividend is scheduled to be paid on September 23, 2026, to shareholders who are on record as of September 2, 2026. This action reflects a routine return of capital to shareholders.

PVH Corp. announced the appointment of Alexis Rollier as its new Chief Financial Officer, effective early September 2026. Mr. Rollier brings over 30 years of global finance and retail experience, most recently as Global COO and CFO for Sephora. He will replace Melissa Stone, who served as Interim CFO and will transition back to her role as Executive Vice President, Global Financial Planning & Analysis. His compensation package includes an $850,000 base salary, significant bonus opportunities, and equity awards, along with make-whole compensation for forfeited awards from his previous employer.

PVH Corp. entered into a new Credit Agreement on June 24, 2026, comprising a €400,000,000 Euro-denominated Term Loan A Facility and a US$1,500,000,000 multicurrency Revolving Credit Facility. The Euro Borrower immediately drew the €400,000,000 to repay and terminate the company's existing credit agreement dated December 9, 2022. Both new facilities mature on June 24, 2031, and PVH Corp. guarantees the Euro Borrower's obligations.

PVH Corp. reported a strong turnaround in its first quarter results, with revenue increasing to $2,025.1 million and net income reaching $88.0 million ($1.90 per diluted share), a significant improvement from a net loss in the prior year. The company's balance sheet shows total assets of $11,341.6 million, with long-term debt increasing to $2,269.4 million. Other comprehensive income and cash reserves saw notable changes compared to the previous year.

PVH Corp. reported first quarter 2026 results, with revenue reaching $2.025 billion, a 2% increase year-over-year. Direct-to-consumer revenues saw a 6% increase, driven by growth in both stores and e-commerce. While Q1 non-GAAP EPS of $2.01 exceeded guidance, the company updated its full-year revenue outlook to be approximately flat, citing the prolonged effects of the Middle East conflict on its EMEA business, though operating margins remain on track. The company also expects to repurchase at least $300 million of shares for the full year.

PVH Corp. announced its 2026 Annual Meeting of Stockholders to be held virtually on June 18, 2026. Stockholders will vote on the election of ten directors, an advisory resolution on executive compensation, amendments to the Stock Incentive Plan, and auditor ratification. The company reported fiscal year 2025 revenue of $9.0 billion, a 3% increase, and returned over $560 million to shareholders through stock repurchases, driven by progress on its PVH+ Plan. Additionally, PVH amended its By-Laws to lower the special meeting threshold to 25% of outstanding shares.

PVH Corp. announced that its Executive Committee of the Board of Directors declared a quarterly cash dividend of $0.0375 per share on the company's common stock. The dividend is scheduled to be paid on June 24, 2026, to shareholders who are on record as of June 3, 2026.