The live webcast (audio-only) and a replay available beginning one hour after the conference may be accessed by logging onto www.pvh.com and going to the News Releases page under the Investor Relations tab.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Forward-looking statements made during the presentation,
including, without limitation, statements relating to the Company’s
future revenue, earnings, and cash flows, plans, strategies, objectives,
expectations and intentions, are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements are
inherently subject to risks and uncertainties, many of which cannot be
predicted with accuracy, and some of which might not be anticipated,
including, without limitation, the following: (i) the Company’s plans,
strategies, objectives, expectations and intentions are subject to
change at any time at the discretion of the Company; (ii) the levels of
sales of the Company's apparel, footwear and related products, both to
its wholesale customers and in its retail stores, the levels of sales of
the Company’s licensees at wholesale and retail, and the extent of
discounts and promotional pricing in which the Company, and its
licensees and other business partners are required to engage, all of
which can be affected by weather conditions, changes in the economy,
fuel prices, reductions in travel, fashion trends, consolidations,
repositionings and bankruptcies in the retail industries, repositionings
of brands by the Company’s licensors and other factors; (iii) the
Company’s plans and results of operations will be affected by the
Company’s ability to manage its growth and inventory, including the
Company’s ability to continue to develop and grow the Calvin Klein
businesses in terms of revenue and profitability; (iv) the Company’s
operations and results could be affected by quota restrictions and
safeguard controls (which, among other things, could limit the Company’s
ability to produce products in cost-effective countries that have the
labor and technical expertise needed), the availability and cost of raw
materials, the Company’s ability to adjust timely to changes in trade
regulations and the migration and development of manufacturers (which
can affect where the Company’s products can best be produced), and civil
conflict, war or terrorist acts, the threat of any of the foregoing or
political and labor instability in any of the countries where the
Company’s or it’s licensees’ or other business partners products are
sold, produced, or are planned to be sold or produced; (v) disease
epidemics and health related concerns, which could result in closed
factories, reduced workforces, scarcity of raw materials and scrutiny or
embargoing of goods produced in infected areas, as well as reduced
consumer traffic and purchasing, as consumers limit or cease shopping in
order to avoid exposure or become ill; (vi) acquisitions and issues
arising with acquisitions and proposed transactions, including without
limitation, the ability to integrate an acquired entity into the Company
with no substantial adverse affect on the acquired entity's, or the
Company’s existing, operations, employee relationships, vendor
relationships, customer relationships or financial performance; (vii)
the failure of the Company's licensees to market successfully licensed
products or to preserve the value of the Company's brands, or their
misuse of the Company's brands and (viii) other risks and uncertainties
indicated from time to time in the Company’s filings with the
The Company’s presentation will include non-GAAP financial measures, as
defined under
The information made available during the presentation will contain
certain forward-looking statements which reflect the Company’s view of
future events and financial performance as of
Source:
Phillips-Van Heusen Corporation
Michael Shaffer, 212-381-3523
Executive
Vice President
& Chief Financial Officer
www.pvh.com