The chief executive officer has a big fourth quarter to point to as proof, with signs of strength from both
“This is the focus and it’s working and we’re going to be very consistent,” Larsson said of his brand-building approach.Fourth-quarter net income nearly doubled to $271.8 million from $138.7 million a year earlier. Adjusted earnings per share rose 56 percent to $3.72 — well ahead of the $3.53 analysts projected, according to Yahoo Finance.Revenues for the quarter ended Feb. 4 came in at $2.5 billion, flat on a net basis and down 1 percent in constant currencies.
That kind of back-end discipline and planning helped boost the company’s bottom line while sales were weighed down by a tougher consumer climate. “Each brand has a unique DNA,” Larsson said. “Our job is to go back to the DNA of both Calvin and Tommy and make that relevant for today in product. At the same time, he said the brands are leaning in and working closer with the company’s best wholesale accounts in the region.