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RETAIL (NON-INTERNET/MOBILE) | Apparel & Accessories
calvinklein.com

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Founded Year

1967

Stage

Acquired | Acquired

About Calvin Klein

Calvin Klein operates a Retail (non-internet/mobile)/Apparel & Accessories company based in New York, New York. Calvin Klein was acquired in 2003.

Calvin Klein Headquarter Location

205 West 39th Street Fourth Floor

New York, New York, 10018,

United States

212-719-2600

Latest Calvin Klein News

Here's What Lies in Store for PVH Corp (PVH) Stock in 2022

Jan 18, 2022

Despite cost concerns, PVH Corp (PVH) remains well-placed on the back of a solid online show, strength in the Calvin Klein and Tommy Hilfiger brands, and the international unit. This story originally appeared on Zacks PVH Corp PVH is on track to deliver growth this year, banking on its robust business strategies and sound fundamentals. The company has been gaining from strength in its Tommy Hilfiger and Calvin Klein brands along with the robust performance in its international business and solid online show. It earlier informed that the holiday season sales started on a solid note. Driven by the aforementioned catalysts, shares of this Zacks Rank #3 (Hold) stock have gained 5.5% compared with the industry ’s growth of 1.4% in a year. PVH’s earnings estimates for fiscal 2021 and 2022 have moved up 7.3% and 4.1%, respectively, in the past 60 days. The Zacks Consensus Estimate for the company’s current financial year’s sales and earnings suggests growth of 27.6% and 571.6%, respectively, from the year-ago period’s reported numbers. The positive trend signifies bullish analyst sentiments. - Zacks Strategies Driving the Momentum PVH Corp has been witnessing an impressive performance in the digital platform as customers retained their preference for online shopping. In third-quarter fiscal 2021, revenues in the digital channel rose 15% year over year, driven by investments in omni-channel capabilities and improved inventory. The company is on track with the expansion of the direct-to-consumer digital business and strengthening its network with third-party digital partners. The company's Tommy Hilfiger and Calvin Klein brands continue to serve as key growth drivers. Product strength across all brands and regions, particularly Europe, bodes well. Clavin Klein's first global product in collaboration with Heron Preston remained an upside. As a result of this, the brand launched the second collection. Tommy Hilfiger's seasonal products and the 1985 menswear essentials contributed to sales growth. Also, its partnership with Timberland received positive feedback. Management remains confident about the underlying power of Calvin Klein and Tommy Hilfiger brands, which position the company for long-term growth. PVH Corp's international business, which returned to growth in the first quarter of fiscal 2021, continued to deliver strong results in the fiscal third quarter. It witnessed a continued momentum in the international unit in the fiscal third quarter both on a year-over-year and a two-year basis, respectively. Management expects the international business to outpace the pre-pandemic revenue levels. Management raised its fiscal 2021 view. For 2021, revenues are anticipated to grow 27-28% year over year (up 25-26% on a cc basis), marking an improvement from the earlier mentioned 26-28% (indicating a 24-26% rise at cc). Adjusted earnings are now expected to be $9.25 per share compared with the prior mentioned $8.50. For fourth-quarter fiscal 2021, management expects year-over-year revenue growth of 11-14% (up 16-19% on a cc basis). Adjusted earnings are likely to be $1.94 per share, suggesting growth from 38 cents reported in the prior-year quarter. The gross margin is anticipated to improve year over year, driven by full-price selling and a positive sales mix, which more than offset higher freight costs.

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Calvin Klein Patents

Calvin Klein has filed 2 patents.

The 3 most popular patent topics include:

  • Bags
  • Disposable products
  • Joints
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/5/2018

7/23/2019

Bags, Shopping bags, Reuse, Waste minimisation, Disposable products

Grant

Application Date

2/5/2018

Grant Date

7/23/2019

Title

Related Topics

Bags, Shopping bags, Reuse, Waste minimisation, Disposable products

Status

Grant

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