Wall Street gave Stefan Larsson’s new direction at PVH Corp. a big thumbs-up.
+, just over a year ago and said that it is starting to take hold — underscoring that it is designed to help propel the company through macroeconomic woes.
The analyst said the fourth-quarter result increased his conviction that Larsson’s strategic plan would work. “PVH’s ‘global bestsellers’ strategy, a key component of the PVH+ plan, is just getting underway in North America, yet contributed to PVH’s big 4Q sales beat,” Sole said. “This is a proof point indicating the strategy will work.”
The company’s 2022 growth proved to be widespread with revenues, adjusted for currencies and the Russia exit, up 10 percent in Europe, 11 percent in Asia and 9 percent in North America.
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