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PVH Corp's (PVH) Calvin Klein Inks License Deal With Revman
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PVH Corp’s (PVH - Free Report) wholly owned subsidiary Calvin Klein announced a license agreement with Revman through 2028. The new Calvin Klein home collections will be launched at the New York Home Textiles Market. The agreement's initial term is through 2028.
The brand is likely to gain from Revman’s robust supplier network and solid omnichannel strategy. This, in turn, will enable Calvin Klein to strengthen its presence in the home category via an expanded offering both online and in store.
Calvin Klein's home collection, slated to launch in Spring 2024, will offer essentials for modern homes including fashion bedding, bath products and window coverings. Per the deal, this collection will be distributed across all major levels of retail distribution in the United States as well as retailers in Canada and Mexico.
PVH Corp has been long gaining from continued strength across its core brands including Tommy Hilfiger and Calvin Klein, driven by effective marketing strategies, financial control and operating leverage.
In second-quarter fiscal 2023, Calvin Klein brand’s revenues grew 3% year over year. This May, the brand collaborated with Jennie Kim for a collection which got sold within days. It has also partnered with some of the world's most iconic female athletes ahead of the World Cup.
During the said quarter, Calvin Klein’s digital campaigns by brand ambassadors, including Jennie Kim, Kendall Jenner, Jungkook, Kid Cudi and more, drove 828 million social impressions. The brand recently unveiled its fall 2023 campaign, with iconic underwear denim as its highlight.
Image Source: Zacks Investment Research
Year to date, this Zacks Rank #3 (Hold) stock has gained 13% against the industry’s 0.2% decline.
The Zacks Consensus Estimate for MGM’s 2024 sales and EPS indicates year-over-year increases of 2.2% and 31%, respectively.
Royal Caribbean flaunts a Zacks Rank #1 at present. RCL has a trailing four-quarter earnings surprise of 26.4%, on average.
The Zacks Consensus Estimate for RCL’s 2023 sales and EPS implies improvements of 47.9% and 158.3%, respectively, from the year-ago period’s levels.
Crocs, which offers casual lifestyle footwear and accessories, presently carries a Zacks Rank #2 (Buy). The expected EPS growth rate for three to five years is 15%.
The Zacks Consensus Estimate for Crocs’ current financial-year sales and EPS suggests growth of 13.1% and 2.8% from the year-ago period’s figures. CROX has a trailing four-quarter earnings surprise of 21.8%, on average.
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PVH Corp's (PVH) Calvin Klein Inks License Deal With Revman
PVH Corp’s (PVH - Free Report) wholly owned subsidiary Calvin Klein announced a license agreement with Revman through 2028. The new Calvin Klein home collections will be launched at the New York Home Textiles Market. The agreement's initial term is through 2028.
The brand is likely to gain from Revman’s robust supplier network and solid omnichannel strategy. This, in turn, will enable Calvin Klein to strengthen its presence in the home category via an expanded offering both online and in store.
Calvin Klein's home collection, slated to launch in Spring 2024, will offer essentials for modern homes including fashion bedding, bath products and window coverings. Per the deal, this collection will be distributed across all major levels of retail distribution in the United States as well as retailers in Canada and Mexico.
PVH Corp has been long gaining from continued strength across its core brands including Tommy Hilfiger and Calvin Klein, driven by effective marketing strategies, financial control and operating leverage.
In second-quarter fiscal 2023, Calvin Klein brand’s revenues grew 3% year over year. This May, the brand collaborated with Jennie Kim for a collection which got sold within days. It has also partnered with some of the world's most iconic female athletes ahead of the World Cup.
During the said quarter, Calvin Klein’s digital campaigns by brand ambassadors, including Jennie Kim, Kendall Jenner, Jungkook, Kid Cudi and more, drove 828 million social impressions. The brand recently unveiled its fall 2023 campaign, with iconic underwear denim as its highlight.
Image Source: Zacks Investment Research
Year to date, this Zacks Rank #3 (Hold) stock has gained 13% against the industry’s 0.2% decline.
Stocks to Consider
Some better-ranked stocks are MGM Resorts (MGM - Free Report) , Royal Caribbean (RCL - Free Report) and Crocs (CROX - Free Report) .
MGM Resorts currently sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 81%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for MGM’s 2024 sales and EPS indicates year-over-year increases of 2.2% and 31%, respectively.
Royal Caribbean flaunts a Zacks Rank #1 at present. RCL has a trailing four-quarter earnings surprise of 26.4%, on average.
The Zacks Consensus Estimate for RCL’s 2023 sales and EPS implies improvements of 47.9% and 158.3%, respectively, from the year-ago period’s levels.
Crocs, which offers casual lifestyle footwear and accessories, presently carries a Zacks Rank #2 (Buy). The expected EPS growth rate for three to five years is 15%.
The Zacks Consensus Estimate for Crocs’ current financial-year sales and EPS suggests growth of 13.1% and 2.8% from the year-ago period’s figures. CROX has a trailing four-quarter earnings surprise of 21.8%, on average.