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Stock impact report

PVH Corp. Announces Business Update Relating To COVID-19 Outbreak

PVH Corp. (PVH) 
Last pvh corp. earnings: 4/1 04:15 pm Check Earnings Report
US:NYSE Investor Relations: pvh.com/investor-relations
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--PVH Corp. [NYSE:PVH] announced additional actions it is taking to navigate the COVID-19 pandemic and its effects on its associates and the company’s business and financial position.“We are doing everything in our power to best position PVH for long-term stability, while considering the impacts to all of our key stakeholders,” said Manny Chirico, Chairman and CEO, PVH. “We have been forced to take proactive steps to reduce our expenditures and preserve our cash position. While this is requiring difficult short-term decisions, we are confident that our actions will lead us to a stronger future.”Reducing Costs and ExpensesThe COVID-19 outbreak is impacting our regional operations in various ways. We are addressing issues in each region as per health guidelines, government restrictions and local business conditions. To protect our liquidity position, maintain our financial strength and manage the business, we have taken or are taking the following measures:B Show less Read more
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