Wall Street gave Stefan Larsson’s new direction at PVH Corp. a big thumbs-up.
+, just over a year ago and said that it is starting to take hold — underscoring that it is designed to help propel the company through macroeconomic woes.
The analyst said the fourth-quarter result increased his conviction that Larsson’s strategic plan would work. “PVH’s ‘global bestsellers’ strategy, a key component of the PVH+ plan, is just getting underway in North America, yet contributed to PVH’s big 4Q sales beat,” Sole said. “This is a proof point indicating the strategy will work.”
The company’s 2022 growth proved to be widespread with revenues, adjusted for currencies and the Russia exit, up 10 percent in Europe, 11 percent in Asia and 9 percent in North America.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock futures are up slightly as Wall Street looks to build on winning week: Live updatesStock futures are up slightly as Wall Street looks to build on winning week
Lire la suite »
Wall Street is thirsty for its next big investment opportunity: The West's vanishing waterCritics accuse Greenstone — a subsidiary of the East Coast financial services conglomerate MassMutual — of trying to profit off Cibola's most precious and limited resource: water.
Lire la suite »
The most shorted names on Wall Street include a plant-based food stock and five biotechsThese are the stocks investors raised their bets against in the first half of March.
Lire la suite »
First Citizens Buys Silicon Valley BankFirst Citizens, one of the nation's biggest regional banks, is acquiring all of failed Silicon Valley Bank’s deposits, loans and branches. See the potential biases and similarities in reports from wsj, bloomberg and foxbusiness:
Lire la suite »
Walgreens revenue rises despite sharp decline in demand for Covid tests, vaccinesWalgreens' quarterly results topped Wall Street's expectations, even as profit declined from a year earlier.
Lire la suite »
Lululemon shares jump as holiday-quarter sales surgeLululemon's quarterly results beat Wall Street's expectations, sending shares higher.
Lire la suite »