Calvin Klein Parent Company's Fourth Quarter Performance Growth

Calvin Klein's parent company PVH Corp. recently released its fourth quarter earnings report. After the same period last year, its net profit for the quarter was $51 million 500 thousand, and net income was $0.62 per share.

According to BOF data, its own

The adjusted net profit of Tommy Hilfiger's PVH Corp. Corp. is $147 million 100 thousand and earnings per share is US $1.76, which is higher than the average earnings per share of 1.72 analysts of Zacks investment research company.

The group achieved revenues of $2 billion 70 million.

Calvin Klein revenue rose by 2.1% to $702 million 700 thousand by sector.

Revenue rose by 1.9% to 919 million 400 thousand dollars, while Heritage Brands fell 3.3% to 446 million 700 thousand dollars.

By the end of April, PVH Corp. predicted that its earnings per share would be between us $1.35-1.40.

Analysts at Zacks investment research firm adjusted earnings per share of $1.55.

In addition, the Group expects its annual earnings to be between us $6.75-6.90 per share.

Since the beginning of this year, PVH Corp.

Down 19%.

As of Wednesday's close, PVH Corp.'s share price was $104.03, a 11% decline in the past 12 months.

PVH Corp., headquartered in New York, owns Calvin Klein, Tommy Hilfiger, Heritage Brands and other brands, and has obtained the right to sell DKNY, Michael Kors, Tommy, and other private brands.

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Recently, Hainer has clarified the rumour that Adidas intends to sell Reebok.

"There is no doubt that Reebok is one of our three big brands (together with Adidas and Taylor golf).

Over the past seven years, we have been making great efforts, but we still will not abandon the brand around us.

Reebok chairman Matt O 'Toole admitted that the road has been "too long", but now "big business has become", and now it is time to invest 76 billion euros in the fitness industry.

His main target group is the new "healthy generation". The college educated consumers can exercise four times a week and do three different sports.

"They occupy 20% of the active population, accounting for 33% of the global fitness industry consumption, which is 40% more than that of ordinary consumers."

O 'Toole said.

Reebok said their focus will still be on major cities, where they have opened 443 FitHubs, and the retail sales in these places have increased by 27%.

"We hope that consumers can become re creators.

The future will be the era of fitness for all. "

The chairman of the brand said, and introduced to the combat training session is the fastest growth in the future.

Adidas also needs Reebok to win more female consumers. Recently, they have brought 40% profits to Reebok, which is expected to continue to rise by 10% in 2020.

"Women are the main consumers of families.

100% of their buying behavior is for themselves, 91% for children, and 67% for men.

They are active in all sports and social media, "said Eric Liedtke, Adidas's global brand director." they are also 80% of sports products buyers. This is our biggest opportunity. "