— which gave investors a jolt in April with a disappointing outlook for the year — is falling back into its rhythm, topping estimates for the first quarter and nudging up its, chief executive officer, in an interview. “We delivered on the first quarter, we keep delivering on our plan and we keep building execution momentum.
Initial gains were applauded by investors, who were then let down by the outlook for this year. But the picture now appears to be improving again. The top line was pulled down by sales in Europe, where declines were big enough to offset increase in the U.S. and Asia. And 3 percentage points of the sales decline came from the sale of the Heritage Brands women’s intimates business in November.
“The big unlock for PVH will come from us increasingly executing all the growth drivers together,” Larsson said. “That’s why I’m so excited to see the consumer engagement. What you see in Calvin in the beginning of the year with the Jeremy Allen White campaign is the biggest cut through campaign in the industry.”