PVH Corp. Annual Meeting of Stockholders June 20, 2019
June 13 2019 - 9:00AM
Business Wire
PVH Corp. [NYSE: PVH] announced today that its annual meeting of
stockholders, which is to be held on Thursday, June 20, 2019
beginning at 8:45 a.m., will be available by webcast.
The live webcast (audio-only), as well as the replay, which will
be available beginning one hour after the meeting ends, may be
accessed by logging onto www.PVH.com and going to the Webcasts
section under the Investors link.
About PVH Corp.
PVH is one of the most admired fashion and lifestyle companies
in the world. We power brands that drive fashion forward – for
good. Our brand portfolio includes the iconic CALVIN KLEIN, TOMMY
HILFIGER, Van Heusen, IZOD, ARROW, Speedo*, Warner’s, Olga and
Geoffrey Beene brands, as well as the digital-centric True &
Co. intimates brand. We market a variety of goods under these and
other nationally and internationally known owned and licensed
brands. PVH has over 38,000 associates operating in over 40
countries and $9.7 billion in annual revenues. That’s the Power of
Us. That’s the Power of PVH.
*The Speedo brand is licensed for North America and the
Caribbean in perpetuity from Speedo International Limited.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: Forward-looking statements made during the
annual meeting of stockholders, including, without limitation,
statements relating to the Company’s future plans, strategies,
objectives, expectations and intentions are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that such forward-looking
statements are inherently subject to risks and uncertainties, many
of which cannot be predicted with accuracy and some of which might
not be anticipated, including, without limitation, (i) the
Company’s plans, strategies, objectives, expectations and
intentions are subject to change at any time at the discretion of
the Company; (ii) the Company may be considered to be highly
leveraged and uses a significant portion of its cash flows to
service its indebtedness, as a result of which the Company might
not have sufficient funds to operate its businesses in the manner
it intends or has operated in the past; (iii) the levels of
sales of the Company’s apparel, footwear and related products, both
to its wholesale customers and in its retail stores, the levels of
sales of the Company’s licensees at wholesale and retail, and the
extent of discounts and promotional pricing in which the Company
and its licensees and other business partners are required to
engage, all of which can be affected by weather conditions, changes
in the economy, fuel prices, reductions in travel, fashion trends,
consolidations, repositionings and bankruptcies in the retail
industries, repositionings of brands by the Company’s licensors,
and other factors; (iv) the Company’s ability to manage its
growth and inventory, including the Company’s ability to realize
benefits from acquisitions, such as the pending acquisitions
identified in this press release; (v) quota restrictions, the
imposition of safeguard controls and the imposition of duties or
tariffs on goods from the countries where the Company or its
licensees produce goods under its trademarks, any of which, among
other things, could limit the ability to produce products in
cost-effective countries, or in countries that have the labor and
technical expertise needed; (vi) the availability and cost of raw
materials; (vii) the Company’s ability to adjust timely to changes
in trade regulations and the migration and development of
manufacturers (which can affect where the Company’s products can
best be produced); (viii) changes in available factory and shipping
capacity, wage and shipping cost escalation, civil conflict, war or
terrorist acts, the threat of any of the foregoing, or political or
labor instability in any of the countries where the Company’s or
its licensees’ or other business partners’ products are sold,
produced or are planned to be sold or produced; (ix) disease
epidemics and health related concerns, which could result in closed
factories, reduced workforces, scarcity of raw materials and
scrutiny or embargoing of goods produced in infected areas, as well
as reduced consumer traffic and purchasing, as consumers become ill
or limit or cease shopping in order to avoid exposure;
(x) acquisitions and divestitures and issues arising with
acquisitions, divestitures and proposed transactions, including,
without limitation, the ability to integrate an acquired entity or
business into the Company with no substantial adverse effect on the
acquired entity’s, the acquired business’s or the Company’s
existing operations, employee relationships, vendor relationships,
customer relationships or financial performance, and the ability to
operate effectively and profitably the Company’s continuing
businesses after the sale or other disposal of a subsidiary,
business or the assets thereof; (xi) the failure of the
Company’s licensees to market successfully licensed products or to
preserve the value of the Company’s brands, or their misuse of the
Company’s brands; (xii) significant fluctuations of the U.S. dollar
against foreign currencies in which the Company transacts
significant levels of business; (xiii) the Company’s retirement
plan expenses recorded throughout the year are calculated using
actuarial valuations that incorporate assumptions and estimates
about financial market, economic and demographic conditions, and
differences between estimated and actual results give rise to gains
and losses, which can be significant, that are recorded immediately
in earnings, generally in the fourth quarter of the year; (xiv) the
impact of new and revised tax legislation and regulations,
particularly the U.S. Tax Cuts and Jobs Act of 2017 that might
disproportionately affect the Company as compared to some of its
peers due to the specific tax structure of the Company and its
greater percentage of revenues and income generated outside of the
U.S., and the legislation enacted in the Netherlands known as the
“2019 Dutch Tax Plan”; and (xv) other risks and uncertainties
indicated from time to time in the Company’s filings with the
Securities and Exchange Commission (“SEC”).
The Company does not undertake any obligation to update publicly
any forward-looking statement, whether as a result of the receipt
of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190613005391/en/
Dana PerlmanTreasurer and Senior Vice
President,Business Development and Investor
Relations(212) 381- 3502
PVH (NYSE:PVH)
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