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PVH Q4: Loses $57.7M On Revenue Of $2.09B

(Filed Under Financial and General Interest News). PVH lost $57.7 million on revenue of $2.09 billion in the quarter ended January 31, 2021, compared to a loss of $67.4 million on reveue of $2.60 billion in the three months ended February 2, 2020.

The press release annoucing the fourth quarter and full year financial results did not individually mention the company’s Warners, Olga or True & Co. divisions, nor did it include, even once, the words intimates or underwear.

In the conference call with investors, the latter two words were spoken, once each. CEO Stefan Larsson, talking about the company’s Calvin Klein brand, stated: “For Calvin, we are building on our global leadership in underwear and intimates with hero products such as the modern cotton program, while growing in casual categories, including denim, tees and sweatshirts.” And that was it. — NM

more Financial and General Interest News >>

Published 04-19-2021 by Nick Monjo

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