PVH has evolved from its 1881 roots to become a diversified global apparel company with $8.2 billion in 2016 revenues through a combination of strategic acquisitions and by successfully growing our brands globally across the wholesale, retail, digital commerce and licensing channels. Today, PVH operates a diversified portfolio of iconic lifestyle apparel brands led by CALVIN KLEIN and Tommy Hilfiger, which represent approximately 80% of our revenues and are expected to continue to drive future revenue and profitability growth. PVH's operations have also evolved from a regional perspective; whereas our business was primarily based in North America in the early 2000's, we now operate significant businesses in Europe, the Asia Pacific region and Latin America, as well, and nearly two-thirds of our earnings before interest and taxes(1) is subject to foreign exchange risk.
We see opportunity for significant long-term growth as we employ our strategic initiatives across our organization. These strategies include:
Our credit profile is strong, and we believe that our solid free cash flow generation will enable us to deliver upon these objectives and generate returns for our stockholders.
As we continue to grow, we are guided by our core values – individuality, partnership, passion, integrity and accountability. These values embody who we are as a Company and we believe that our commitment to them positions us to drive superior results.
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