Start Time: 09:00 January 1, 0000 9:58 AM ET
PVH Corp. (NYSE:PVH)
Q3 2022 Earnings Conference Call
December 01, 2022, 09:00 AM ET
Company Participants
Stefan Larsson - CEO
Zac Coughlin - EVP and CFO
Sheryl Freeman - SVP, IR
Conference Call Participants
Bob Drbul - Guggenheim
Michael Binetti - Credit Suisse
Jay Sole - UBS
Chris Nardone - Bank of America
Edward Yruma - Piper Sandler
Operator
Good day and welcome to the PVH Third Quarter 2022 Earnings Call. Today’s conference is being recorded.
At this time, I would like to turn the conference over to Sheryl Freeman, Senior Vice President of Investor Relations. Please go ahead.
Sheryl Freeman
Thank you, operator. Good morning everyone and welcome to the PVH Corp. third quarter 2022 earnings conference call. Leading the call today will be Stefan Larsson, Chief Executive Officer; and Zac Coughlin, Chief Financial Officer.
This webcast and conference call is being recorded on behalf of PVH and consists of copyrighted material. It may not be recorded, rebroadcast or otherwise transmitted without PVH’s written permission. Your participation constitutes your consent to having anything you say appear on any transcript or replay of this call.
The information to be discussed includes forward-looking statements that reflect PVH’s view as of December 1, 2022 of future events and financial performance. These statements are subject to risks and uncertainties indicated in the company’s SEC filings and the Safe Harbor statement included in the press release that is a subject of this call. These include PVH’s right to change its strategies, objectives, expectations and intentions, and the company’s ability to realize anticipated benefits and savings from divestitures, restructurings and similar plans, such as the planned cost efficiency action announced in the second quarter earnings release and its 2021 sale of assets of and exit from the Heritage Brands business to focus on its Calvin Klein and Tommy Hilfiger businesses.
Significantly, the COVID-19 pandemic, global inflationary pressures, the strength of the U.S. dollar against most of the foreign currencies in which PVH does business and the war in Ukraine continue to have impacts on PVH’s business, cash flow and results of operations. There is significant uncertainty about the duration and extent of these impacts. As a result, what is said on this call could change materially at any time. Therefore, the operation of the company’s business and its future results of operations could differ materially from historical practices and results or current descriptions, estimates and suggestions. PVH does not undertake any obligation to update publicly any forward-looking statement, including without limitation any estimates regarding revenue or earnings.