NEW YORK--(BUSINESS WIRE)--Apr. 25, 2013--
PVH Corp. (NYSE: PVH) announced today that Company management will
participate in the Barclays Retail and Consumer Discretionary Conference
on Tuesday, April 30, 2013 beginning with a live webcast presentation
which will be broadcast online beginning at 9:40 A.M. EDT.
The live webcast, as well as the audio replay, which will be available
following the conference, may be accessed by logging onto www.pvh.com
and going to the News Releases page under the Investor Relations tab.
PVH Corp., one of the world’s largest apparel companies, owns and
markets the iconic Calvin Klein and Tommy Hilfiger brands
worldwide. It is the world’s largest shirt and neckwear company and
markets a variety of goods under its own brands, Van Heusen, Calvin
Klein, Tommy Hilfiger, IZOD, ARROW, Bass, G.H. Bass & Co.,
Warner’s and Olga, and its licensed brands, including Speedo,
Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL
Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection,
JOE Joseph Abboud, DKNY, Ike Behar and John Varvatos.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Forward-looking statements and information about PVH’s current
and future prospects and PVH’s operations and financial results made and
provided during management’s appearance at the conference, including,
without limitation, statements relating to the Company’s future revenue
and earnings, plans, strategies, objectives, expectations and
intentions, and the benefits, results, effects and timing of its pending
acquisition of The Warnaco Group, Inc. 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 Company’s
proposed acquisition of Warnaco is subject to conditions, which may not
be satisfied, in which event the transaction may not close; (iii) in
connection with the acquisition of Tommy Hilfiger B.V. and certain
affiliated companies, the Company borrowed significant amounts, and in
connection with the pending acquisition of Warnaco, the Company intends
to borrow additional significant amounts, may now or thereafter be
considered to be highly leveraged, and uses and will have to continue to
use a significant portion of its cash flows to service such
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; (iv) 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; (v) the Company’s plans and results of operations will be
affected by the Company’s ability to manage its growth and inventory,
including its ability to realize benefits from Warnaco; (vi) the
Company’s operations and results could be affected by quota restrictions
and the imposition of 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), changes in available factory and shipping capacity, wage
and shipping cost escalation, 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 its licensees’ or other
business partners’ products are sold, produced or are planned to be sold
or produced; (vii) 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;
(viii) acquisitions and issues arising with acquisitions and proposed
transactions, including without limitation, the ability to integrate an
acquired entity, such as Warnaco, 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; (ix) 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 (x) other risks and uncertainties indicated from
time to time in the Company’s filings with the Securities and Exchange
Commission.
The Company's presentation will include non-GAAP financial measures, as
defined under SEC rules. Reconciliations of these measures will be
included in the Company's 2012 earnings press release, which was issued
on March 27, 2013, and is be available on the Company’s website at http://www.pvh.com/investor_relations_press_releases.aspx.
Additional reconciliations for years 2003-2009 are available in the
Company's Current Reports on Form 8-K furnished to the SEC on March 17,
2005, March 26, 2007, March 23, 2009, March 28, 2011 and March 27, 2012.
Each of these reports is available on the Company's website at http://www.pvh.com
and the SEC's website at http://www.sec.gov.
Earnings per share guidance, revenue estimates and other guidance and
forward-looking information will speak as of March 27, 2013, the date on
which they were made. The Company does not undertake any obligation to
update publicly any forward-looking statement, including, without
limitation, any estimate regarding revenue or earnings, whether as a
result of the receipt of new information, future events or otherwise.
Source: PVH Corp.
PVH Corp.
Dana Perlman, 212-381-3502
Treasurer,
Senior Vice President
Business Development & Investor
Relations
