PVH Corp expects revenues in 2022 to grow 3 per cent. In 2021, its annual revenues grew 28 per cent to$9.155 billion while operating margins beat pre-pandemic levels. The company’s revenue through digital channels grew approximately 30 per cent compared to 2020. By brand, Tommy Hilfiger revenues grew by 29 per cent, while Calvin Klein surged by 39 per cent. As per a Fashion Network report, net income for the year totaled $952 million, recovering from the $1.1 billion loss recorded in 2020.

The New York-based company’s fourth quarter revenues surged 16 per cent to $2.43 billion, online sales surged by 10 per cent, direct-to-consumer sales increased 13 per cent, wholesale revenues grew 20 per cent during the quarter as the company benefited from the shift in timing of the US wholesale shipments from the third quarter into the fourth quarter as a result of logistics disruptions in October.

Tommy Hilfiger’s revenue grew 18 per cent during the quarter while that of Calvin Klein by surged 27 per cent. PVH Corp’s net income for the quarter totaled $390.8 million, a return to black from the prior-year quarterly loss of $58.1 million.