PVH FY19 revenue grows 3% to $9.9 billion

PVH Corp, a US-based global apparel companies, has reported 3 per cent revenue growth to $9.9 billion in full fiscal 2019  ended on February 2, 2020 compared to revenue of $9.6 billion in prior year. Net income in the year were $415.1 million (FY18: $744.6 million). Gross profit on net sales were $4,879.4 million compared to $4,805.7 million in prior year.

 

PVH Corp, a US-based global apparel companies, has reported 3 per cent revenue growth to $9.9 billion in full fiscal 2019 ended on February 2, 2020 compared to revenue of $9.6 billion in prior year. Net income in the year were $415.1 million (FY18: $744.6 million). Gross profit on net sales were $4,879.4 million compared to $4,805.7 million in prior year.#

“PVH ended the year with a strong holiday season and increasing momentum across Tommy Hilfiger and Calvin Klein in the majority of the regions where we operate,” Emanuel Chirico, chairman and chief executive officer, said in a press release.

 

PVH Corp, a US-based global apparel companies, has reported 3 per cent revenue growth to $9.9 billion in full fiscal 2019 ended on February 2, 2020 compared to revenue of $9.6 billion in prior year. Net income in the year were $415.1 million (FY18: $744.6 million). Gross profit on net sales were $4,879.4 million compared to $4,805.7 million in prior year.#

Selling, general and administrative (SG&A) expenses in the year were $4,715.2 million. 

 

PVH Corp, a US-based global apparel companies, has reported 3 per cent revenue growth to $9.9 billion in full fiscal 2019 ended on February 2, 2020 compared to revenue of $9.6 billion in prior year. Net income in the year were $415.1 million (FY18: $744.6 million). Gross profit on net sales were $4,879.4 million compared to $4,805.7 million in prior year.#

Tommy Hilfiger segment revenue over the year rose to $4.7 billion (FY18: $4.3 billion). Calvin Klein segment revenue dropped to $3.6 billion (FY18: $3.7 billion). Heritage Brands revenue stood flat at $1.5 billion.

 

PVH Corp, a US-based global apparel companies, has reported 3 per cent revenue growth to $9.9 billion in full fiscal 2019 ended on February 2, 2020 compared to revenue of $9.6 billion in prior year. Net income in the year were $415.1 million (FY18: $744.6 million). Gross profit on net sales were $4,879.4 million compared to $4,805.7 million in prior year.#

The company reported that the Covid-19 pandemic is having a significant impact on the its business, results of operations, financial condition and cash flows in 2020. “I believe that we are in a solid financial position to navigate the Covid-19 outbreak and this period of unprecedented volatility,” Chirico said.

 

PVH Corp, a US-based global apparel companies, has reported 3 per cent revenue growth to $9.9 billion in full fiscal 2019 ended on February 2, 2020 compared to revenue of $9.6 billion in prior year. Net income in the year were $415.1 million (FY18: $744.6 million). Gross profit on net sales were $4,879.4 million compared to $4,805.7 million in prior year.#

“While the outbreak is highly dynamic and continues to unfold, my confidence in the power of PVH and our ability to navigate this crisis is unwavering,” Chirico said.