0000078239-12-000016.txt : 20120228 0000078239-12-000016.hdr.sgml : 20120228 20120228171127 ACCESSION NUMBER: 0000078239-12-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120228 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20120228 DATE AS OF CHANGE: 20120228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PVH CORP. /DE/ CENTRAL INDEX KEY: 0000078239 STANDARD INDUSTRIAL CLASSIFICATION: MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320] IRS NUMBER: 131166910 STATE OF INCORPORATION: DE FISCAL YEAR END: 0130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07572 FILM NUMBER: 12648508 BUSINESS ADDRESS: STREET 1: 200 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 2123813500 MAIL ADDRESS: STREET 1: 200 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10016 FORMER COMPANY: FORMER CONFORMED NAME: PHILLIPS VAN HEUSEN CORP /DE/ DATE OF NAME CHANGE: 19920703 8-K 1 eightkearningsguidance22812.htm 8-K RE EARNINGS GUIDANCE 2.28.12 eightkearningsguidance22812.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
_____________________________
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
 
Securities Exchange Act of 1934



Date of Report (Date of earliest event reported)
February 28, 2012


PVH CORP.
 
(Exact name of registrant as specified in its charter)
 

         Delaware
         001-07572
13-1166910
(State or other jurisdiction of incorporation)
 
          (Commission File Number)
(IRS Employer Identification No.)
        200 Madison Avenue, New York, New York
         10016
 
(Address of principal executive offices)
          (Zip Code)
 

 
Registrant’s telephone number, including area code  (212)-381-3500
 
Not Applicable
(Former name or former address, if changed since last report.)

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
     (17 CFR 240.14d-2(b))
¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
     (17 CFR 240.13e-4(c))
 
 


 
 
ITEM 2.02                      RESULTS OF OPERATIONS AND FINANCIAL CONDITION
 
 
ITEM 7.01                      REGULATION FD DISCLOSURE
 
 
On February 28, 2012, PVH Corp. (the “Company”) issued a press release announcing that it expects its earnings per share for the fourth quarter and the full year 2011 to be at least at the high end of its guidance ranges previously announced on January 11, 2012 and expects its earnings per share for the full year 2012 to be at least at the high end of its previously announced preliminary guidance, also announced on January 11, 2012.  A copy of the press release is attached as Exhibit 99.1 to this report.
 
 
The information in this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, regardless of any general incorporation language in such filing.
 
 

 
ITEM 9.01                      FINANCIAL STATEMENTS AND EXHIBITS
 
(d)  Exhibits.
 
Exhibit
Description
99.1
Press Release, dated February 28, 2012.
 
 
 
 
 
 

 
 

 

 

 
 
 
 
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 

 
 
PVH CORP.
 
 
 
 
 
By: /s/ Mark D. Fischer                                                                    
Mark D. Fischer, Senior Vice President
 
 
 
 
Date: February 28, 2012
 

 
 

 

 
Exhibit Index
 

Exhibit
Description
99.1
Press Release, dated February 28, 2012.
 

 
 

 


EX-99.1 2 prearningsguidance22812.htm PRESS RELEASE DATED 2.28.12 prearningsguidance22812.htm
 
PVH CORP.
200 MADISON AVENUE
NEW YORK, NY 10016
 
 
 
 

FOR IMMEDIATE RELEASE:
       February 28, 2012
 
 
 
Contact: Dana Perlman
Treasurer, SVP – Business Development and Investor Relations
(212) 381-3502
 
 
 
PVH CORP. REAFFIRMS EARNINGS GUIDANCE 
 
 
New York, NY - PVH Corp. [NYSE: PVH] announced today that it currently expects its earnings per share for the fourth quarter and the full year 2011 to be at least at the high end of its guidance ranges previously announced on January 11, 2012. In addition, the Company currently expects its earnings per share for the full year 2012 to be at least at the high end of its previously announced preliminary guidance, also announced on January 11, 2012.
 
 
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 and G.H. Bass & Co., and its licensed brands, including 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 made in this press release, including, without limitation, statements relating to the Company’s projected and future earnings, 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) in connection with the acquisition of Tommy Hilfiger B.V. and certain affiliated companies, the Company borrowed significant amounts, may be considered to be highly leveraged, and will have 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; (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 plans and results of operations will be affected by the Company’s ability to manage its growth and inventory; (v) 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; (vi) 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 becoming ill; (vii) 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; (viii) 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 (ix) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.
 
This press release refers to non-GAAP financial measures, as defined under SEC rules, and GAAP financial measures, included in a press release issued on January 11, 2012, which is also an exhibit to the Company’s Current Report on Form 8-K furnished to the SEC on that date. Reconciliations of the non-GAAP measures are included in the financial information in that release, which is available on the Company’s website at http://www.pvh.com/investor_relations_press_releases.aspx, as well as such Form 8-K, which is available on the Company’s website at http://www.pvh.com and the SEC’s website at http://www.sec.gov.
 
The Company does not undertake any obligation to update publicly any forward-looking statement, including, without limitation, any estimate regarding earnings, whether as a result of the receipt of new information, future events or otherwise.