PVH Pleased with its third quarter results
PVH is quite contended with its third quarter results, which exceeded its expectations despite the difficult market environment. “During the quarter, we experienced continued outperformance by our European businesses while experiencing volatility in our businesses in North America and across China, including the impact of the ongoing protests in Hong Kong,” said Emanuel Chirico, Chairman and Chief Executive Officer.
As per Chirico, looking ahead to the remainder of 2019, PVH is raising its earnings guidance for the year, while continuing to take a prudent approach to planning its business for the fourth quarter. “We believe the current holiday season will be very competitive and highly promotional, and expect that the macroeconomic and geopolitical volatility we are experiencing globally will remain a headwind,” informed Chirico.
He concluded, “We have great confidence in our ability to navigate this evolving consumer landscape and uncertain market environment with the underlying power of Calvin Klein and Tommy Hilfiger and our global diversified business model. We believe that we are well positioned to capture the heart of the consumer by executing our strategic priorities, while delivering sustainable long term returns for our stockholders.”News Retail US