PVH Corp. (NYSE:PVH) Q4 2022 Earnings Call Transcript

Zachary Coughlin: Now we built our PVH+ the financial model with flexibility. Over any multiyear period, we would be safe to assume that we’d experience the full range of macroeconomic cycles and we’ve seen that. So obviously, we’re going to drive growth when those opportunities are there, just like we saw in 2022 with high single-digit underlying growth in all dimensions. And we will also continue to manage the remainder of the P&L to drive profit efficiency. So the DTC channel mix and pricing power to drive gross margin improvement and all elements of cost, product cost, supply chain costs, we’ve talked about that already today and all elements of SG&A that we knew and we talked about, we had efficiencies to work our way through. So we knew the journey would not be linear. And obviously, it hasn’t been in that first year. But as Stefan said, we’re just as committed to delivering the targets as we laid out a year ago.

Stefan Larsson: And the more — just to build on what Zac is saying, the more we lean in as a team on these 5 growth drivers, we also see the specific opportunities and then we unlock them step by step.

Irwin Boruchow: Okay. Congrats.

Stefan Larsson: Thank you very much.

Zachary Coughlin: Thank you very much. Appreciate it.

Stefan Larsson: So with that, we are ending our call and looking forward to reconnecting next quarter. Thank you.

Operator: Thank you, ladies and gentlemen. This does conclude today’s PVH’s Fourth Quarter and Full Year 2022 Earnings Conference Call. We appreciate your participation and you may disconnect at any time.