The live webcast (audio-only), as well as the replay, which will be available beginning one hour after the meeting ends, may be accessed by logging onto www.PVH.com and going to the Webcasts section under the Investors link.
PVH is one of the most admired fashion and lifestyle companies in the
world. We power brands that drive fashion forward – for good. Our brand
portfolio includes the iconic
*The Speedo brand is licensed for
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Forward-looking statements made during the annual meeting of
stockholders, including, without limitation, statements relating to the
Company’s future 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, (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 Company may be considered to be
highly leveraged and uses a significant portion of its cash flows to
service its indebtedness, as a result of which the Company might not
have sufficient funds to operate its businesses in the manner it intends
or has operated in the past; (iii) 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; (iv) the Company’s ability to manage its growth and
inventory, including the Company’s ability to realize benefits from
acquisitions, such as the pending acquisitions identified in this press
release; (v) quota restrictions, the imposition of safeguard controls
and the imposition of duties or tariffs on goods from the countries
where the Company or its licensees produce goods under its trademarks,
any of which, among other things, could limit the ability to produce
products in cost-effective countries, or in countries that have the
labor and technical expertise needed; (vi) the availability and cost of
raw materials; (vii) 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);
(viii) changes in available factory and shipping capacity, wage and
shipping cost escalation, civil conflict, war or terrorist acts, the
threat of any of the foregoing, or political or labor instability in any
of the countries where the Company’s or its licensees’ or other business
partners’ products are sold, produced or are planned to be sold or
produced; (ix) 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
become ill or limit or cease shopping in order to avoid exposure;
(x) acquisitions and divestitures and issues arising with acquisitions,
divestitures and proposed transactions, including, without limitation,
the ability to integrate an acquired entity or business into the Company
with no substantial adverse effect on the acquired entity’s, the
acquired business’s or the Company’s existing operations, employee
relationships, vendor relationships, customer relationships or financial
performance, and the ability to operate effectively and profitably the
Company’s continuing businesses after the sale or other disposal of a
subsidiary, business or the assets thereof; (xi) 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; (xii) significant fluctuations of the U.S. dollar
against foreign currencies in which the Company transacts significant
levels of business; (xiii) the Company’s retirement plan expenses
recorded throughout the year are calculated using actuarial valuations
that incorporate assumptions and estimates about financial market,
economic and demographic conditions, and differences between estimated
and actual results give rise to gains and losses, which can be
significant, that are recorded immediately in earnings, generally in the
fourth quarter of the year; (xiv) the impact of new and revised tax
legislation and regulations, particularly the U.S. Tax Cuts and Jobs Act
of 2017 that might disproportionately affect the Company as compared to
some of its peers due to the specific tax structure of the Company and
its greater percentage of revenues and income generated outside of the
U.S., and the legislation enacted in
The Company does not undertake any obligation to update publicly any forward-looking statement, whether as a result of the receipt of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190613005391/en/
Source:
Dana Perlman
Treasurer and Senior Vice President,
Business
Development and Investor Relations
(212) 381- 3502