One of the largest apparel retailer group PVH, has recently announced their second quarter’s result . The group has registered a growth of 7% in the revenue compared to the corresponding period in last year . Brands like Calvin Klein , Tommy Hilfiger and Heritage Brands showed a very encouraging growth in the second quarter with an increase of 8% , 4% and 13% respectively in their revenues for the quarter second . Highlights of financial results for second quarter for the brands under PVH are below :
Calvin Klein
Calvin Klein International revenue increased 20% to $394 million compared to the corresponding period in last year. Outstanding performance in the wholesale business in Europe and China, as well as solid growth in the retail business due to a 6% increase in international comparable store sales and square footage expansion in Company-operated stores, drove the revenue increase. Calvin Klein North America revenue decreased 1% to $392 million compared to the prior year period primarily as a result of the Mexico deconsolidation and a 2% decline in North America comparable store sales.
Tommy Hilfiger
Revenue in the Tommy Hilfiger business for the quarter increased 4% to $892 million . Tommy Hilfiger International revenue increased 9% to $492 million , driven by continued strong performance in Europe and Asia. Tommy Hilfiger International comparable store sales increased 6%. Tommy Hilfiger North America revenue decreased 2% to $400 million . But on the whole it was a good growth both for US and International biz.
Heritage Brands
Revenue in the Heritage Brands business for the quarter increased 13% to $392 million compared to last year , principally due to a shift in the timing of shipments from both the first and third quarters into the second quarter . Comparable store sales increased 1%.
Below is the detailed revenue analysis of PVH for the half year ended on July 30 , 2017
1. Revenue Distribution – Brands
Looking at the brand wise revenue distribution , Tommy Hilfiger is leading the revenue chart with USD 1733.60 accounting 43% of total revenue share . Calvin Kelin with USD 1542.30 is the second in the revenue chart accounting 38% of total revenue . Comparing the same period from the previous year , both brands Tommy Hilfiger and Calvin Kelin have registered an increase in the revenue of 4.94% and 6.34% respectively. Overall , the total revenue has shown an increase of 5.40% from the last year .
|
Particulars |
Revenue ( In Million USD) | 2017 |
Revenue ( In Million USD) | 2016 |
% Change |
|
CALVIN KELIN |
1542.3 |
1449.1 |
+6.43% |
|
TOMMY HILFIGER |
1733.6 |
1652.0 |
+4.94% |
|
HERITAGE BRANDS |
783.0 |
750.0 |
+4.40% |
|
TOTAL |
4058.9 |
3851.1 |
+5.40% |
2. Revenue Distribution – Regions
Calvin Kelin
Analysis of regional distribution of revenue of Calvin Kelin shows that the there is a decline of 1% in the revenue share in the North America Region while a 16% increase in the revenue of Calvin Kelin International Regions .
|
Particulars |
Revenue ( In Million USD)| 2017 |
Revenue ( In Million USD) | 2016 |
% Change |
|
Calvin Kelin North America |
767.6 |
778.6 |
-1% |
|
Calvin Kelin International |
774.7 |
670.5 |
16% |
Tommy Hilfiger
Not only Kelvin Kelin , even Tommy Hilfiger is also getting weaker in North America region as a decline of 3.19% has been reported from the last year for the same period however TH International has shown a growth of 11.57% for the same period . Again international business takes the cake !
|
PARTICULARS |
Revenue ( In Million USD) | 2017  |
Revenue ( In Million USD) | 2016 |
% Change |
|
Tommy Hilfiger North America |
718.3 |
742 |
-3.19% |
|
Tommy Hilfiger International |
1015.3 |
910 |
11.57% |
3.Revenue Distribution – Channels
Whole Sale Channel is beating the retail channel in terms of revenue distribution of Heritage Brands by big margins . Where Retail Channel is contributing USD 128 Million , the whole sale channel of Heritage Brand is contributing USD 655 million at the end of July 2017 .
|
PARTICULARS |
Revenue ( In Million USD) | 2017 |
Revenue ( In Million USD) | 2016 |
|
Heritage Brand Whole Sale |
655 |
621.9 |
|
Heritage Brand Retail |
128 |
128.1 |
