Thank you, Ally. Good morning.
call Mike and this Investor Head Joining Treasurer me relationships. mooring of our Chief on Shaffer, Financial and Perlman, is the the Dana Officer; our
first pleased end earnings are guidance. of our the X% quarter and report to increased our per share, high to $X.XX We which exceeded
line plans. with X% grew revenues Our in our
key backdrop in business trends. truly I'd performance against challenging diversified from to to emerging United the quarter. teams themes react few the the Our the ability States like and and particularly highlight China, power model the retail demonstrated business our of of a our to
environment. brand and a tough gains capturing share Klein, First, continued in business our continue to Tommy European momentum experience great both Calvin across Hilfiger very market
with growing owned our again continue as over fastest XX% digital businesses. dividends growing and in operated online investments our during the Our pay in quarter was revenues channel to
over continue sales at Overall revenues. total digital track XX% of slightly our to
for unique Digital our journey focused experiences driving data recent creating on We or online in-store. newly Chief and of customers, created to with consumer the to invest in consumer position, promotion Officer we Marie our Gulin-Merle and shopping our continue whether are
Calvin we sales. and marketing signs connecting And better some the incrementally Klein brand positive and power of positive strong lastly, initial how conversion and seen have translates into around the product
our like tax retail second for market would remains Notably, environment challenging, bills to have we be we macro a pressure it have more tourist quarter. driven that US note certainly and under international weather, performance, the from by was this factors and year out wet the traffic first Despite higher has I entered to number spring a weak, to quarter had the gotten the last weaker US not year. remiss weather consumers. to many while relative we not call do cooler of
China a our channel. soft retail and Year did in in And business, threats Tariffs business conversion we in weighed the and and on we traffic Accordingly, in consumers and softness US. our particularly the brands. outlet a see trends New further rhetoric Chinese for trade both saw across post China
saw certainly While out we quarter part the in shift, first shifted due Chinese business fourth Year buying is which benefited China less. the quarter consumers of to this XXXX New of of impact and 'XX,
our the reducing also is of economy. competition. businesses market class, middle into continues the the having manufacturing outperforming including a are and only effect not China, significantly around overall out shifts uncertainty see their Brexit impacting the are our closing to As is or which but pressures macro factories spillover facilities, production Europe but
context, continued U.S. and of the strengthen. has Because to overall macro the geopolitical dollar
an year fiscal will earnings As per such, versus prior foreign our further pressure by our $X.XX share translation fiscal year incremental currency guidance.
light categories relatively the our and tariffs from the in of lower In that to a handbag fiscal it year exposure. we EPS we to on the $XX.XX. implementation these existing approximately $XX.XX prudent per guidance of addition, headwinds, accessory to which worth categories In May share to was have incremental covered $X.XX tariffs we've XX% believe product of small on overall
to implies basis. reported Our a year-over-year XX% a guidance constant on to share earnings new XX% per X% growth of currency and basis X% on
We diversified business to well share. our and model confident positioned iconic with that that brands are are market we gain
success. Our deliver and strategic will to dynamic are our maintain and us flexibility areas strategic invest against teams to to ever are and of that for also in changing emerging the continue trends monitor to continue react most accordingly, the business importantly increasingly position priorities. landscape consumer we our long-term But
June capture Stefan has the is seasoned Lastly, exciting moment President. going well-rounded the M&A and a the and the quarter take With each I'd managing appreciation regions, our us. operational business announcement the for his PVH role brand PVH and what we discuss responsibility there him. addition His talent future. it a accomplishment will around opportunities branded record global and and businesses be of to Stefan needs I the out of the believe growth date reporting for update Stefan landscape, positions to see a the centricity this X, will each strong and today PVH's will changing in moment world be officially for fuel three before successful a to well created strategic we and consumer that who with of that for regions make the start have in of to go-forward organic the directly as CEOs PVH and like an joining the to our recent to him structure business take the to into of brands further Larsson and executive digital newly need
I PVH. Stefan, to As Board with planning and seriously is PVH. expected CEO, promotion this occur take signed four very which mentioned agreement We employment over work the committed I next of three five-year success to his to to a in with closely years. timing plan in on new the release. the anticipated have very to the I'm and
results begin brand I'll and to with Tommy the move on I will Hilfiger. now
side. highlights to consumer a focus market from like consumer consumer-centric purchase a by our The challenging continues strong the Our experiences. the we traction despite few very led product brand backdrop, Hilfiger desire campaigns improve. and delivered marketing exciting posted new brand Tommy There see strong assortments, global incredible out I'd the quarter, every are engagement continue to seeing to around are call and that we world to major and in brand immersive
was events last XX% Our year. own first on powers the fashion in successful fashion three engagements along collection X.X showing channels capsule most audience following our Tommy now with our TommyXZendaya the versus was of spring as million the up days one with which show, regarded
consumers. capsule launched collection in relevance Hilfiger's, drive which full Coca-Cola sell-throughs. continue exclusive to From Tommy sell-throughs tightly brought seeing collaborations heat which Our curated the with to and capsule and is brand to spring hallow newly Kith incredible hype, strong heat our price significantly brand with the
On in Lewis in braces, have opening a Store-of-the-Future Tommy celebrity-studded we momentum visible among a of regional Seoul event in a event we Beijing, Hilfiger Hamilton local in A Berlin. Jeans a our number collaboration and - opening drove event consumer with through store events. Tommy highly
with more especially Looking ahead, in our a around we markets continuing as consumers. offering local experience plan activations our to relationships, to curated world well further the key engage engagements differentiated Tommy leveraging as for unique drive consumers brand influences local by ambassador
revenues a by campaigns outperformance basis, quarter businesses. in retail increased performance across rose revenues we're X% basis continues comparable Tommy's the The capsule X%, to X% delivery currency on business, Europe. products, the in with international a to X% and our XX% store in Internationally, driven constant European collections. be the and driven our as rising share currency market constant with sales excitement Moving by from robust on marketing outstanding business up earnings and gaining peers
side, As a on XX%. order full reminder, up our to books the winter close wholesale are
Asia was for a story mix us.
relatively posted strong and about revenues consumer clearly results as in is and the healthy. the initiatives resonating Asia consumer which with businesses, engagement very positioning our of Japan drop Our backward consumers are Tommy's half product is
the our resulting consumer quarter. China soft during consumers by the less. trade in buying believe about business that consumers' and However, with awards increasingly impacted uncertainty We ongoing is tariff headlines sentiment was
marketing and that and Our to tailored with region cater diligently campaigns experienced teams activations domestic brand working the the to consumers, are in product are Chinese assortments, to market. specifically
North accessory to sportswear, wholesale, our strong to Moving was revenues where we America, and by Performance X%. led response rose assortments. Denim continued saw
comp However, This traffic, decline. which the by by weakening we to attributed in a much X% impact large which dollar, businesses and foreign international store our China lower was part was others. sales a largely disputes U.S. around with driven driven experienced and stronger weaker tourism, retail traffic trade purchasing currency from
the continue be strong to the of with under pleased business of excellent extremely is the experiencing G-III On our performance sell-throughs. which growth women's business, and side we licensing
brand moments the potential. during strategic brand's to Moving to be focused There on has like continued many the up to exciting quarter, date are an remains the few Calvin on, to brand and increasing to including heat we business, I'd to executing priorities over desire which the continue growth long-term improve to brand. capture the strong Klein the awareness the past brand with the purchase you bring brand months
and cast diverse earned Jenner iteration which latest two million the to others. in amplification campaigns an encompass, and Shawn including increase complemented models, of group date, this of quarter, Mendes, Eilish results cast actor that of Kendall of actors calvinklein.com truth and Both among Kendall talent the campaign has in during with and musician brand. the record-breaking launched Noah produced of Ah-in among To prioritized #CALVINS XX% product storytelling The resulted our that my Yoo successful both #MYCALVINS Centineo campaign others. impactful in investments and value Shawn of video of our Klein model my more for is and speak musicians I site. hashtag weekly media social hashtag Calvin digital the campaigns did traffic and included Billie Mendes, includes $XX conversations. a Jenner Korean
Page resulted activation over the The than earned product of We The of at engagements over sponsor. million have their Landing competitor a alone in present the focused from engagements. total official the average marketing strong click-throughs festival the XX.X as apparel media Coachella earning headed XXX% up entire set, more Calvin highest strategy calvinklein.com. million. XX,XXX value Coachella at also competitive Klein influencer generated $XX on reach to
From of a let update. an product bit you perspective, a give me
continue to We product Jeans be repositioned improving as on assortment. the we focused
positions. spring assortment assortments XXXX reminder, our from are improvement was our an fall XXXX a better as As in much Denim
and fashion positive balance a We versus our the basics core have of made improvements response. showing are programs notable to
expect the improves assortments see we assortments. to basic We our as into the further core fall complement move season holiday to progress fashion solely as
degrees product approach believe XXX brand we Jeans the Klein Calvin in will experience. drive marketing overall our would improve Additionally, to that consumer only help not
constant for the From flat million, a were currency a business up first at $XXX X% revenues perspective, basis on quarter.
margins to operating X% increased basis While $XXX a and Calvin improved points. nearly million currency earnings rose constant revenues international XXX Klein's X% on basis.
to build performance. continues Europe Klein on its Calvin fourth region, By quarter
seeing are particularly our a response offerings, We Jeans, to an which in has still way category improving to go.
we mentioned to books fall close be order projected our XXXX are As previously to up XX%.
I Calvin earlier. same Klein in onto mentioned pressure experienced Asia. Moving China, the that
As the and there, a is it was not created immune sales direct retail the softening of of uncertainty namely the trade Chinese which environment combination disputes. the US-China New result the macro Year by weakness, shifting to consumer
Looking introduction the including the of market ambassadors, ahead, business new investments of share the environment. despite China we to and China, brand program its launch market, in the several macro Outside the gain have digital plans activations. And programs the CRM excitement of to for further shoppers. soft a loyalty continued new in local
to up from Calvin were overall, very over America had a X% America North management were Klein expenses our earnings business America, and North businesses. overall lower to results a business. the including strong revenues Moving attributable The in up XX%, better wholesale digital quarter largely North of strong and
pressure On digital experienced own tourism evidenced a largely store comp during last X% the the quite quarter. site performed which year. our to However, due to saw to toughest as businesses compared comparisons was calvinklein.com well due we decline. the by traffic, This retail weak with our
sportswear for pressure driven business Finally, to in saw margin core from well. U.S. our margins continued points, business line more a our general, with by In and healthy businesses, XX rose in retail intimates performance the heritage environment. quarter our the declined basis revenues our promotional perform gross and X% guidance
we continue dress our experience However, particularly did neckwear furnishings business. business, and to also our retail in pressure in
look we business second our feel our we we we to earnings in in weakness the pressure heritage encompassed and forward. US margin see marketplace is where all as in which plays well As continue as heritage our guidance to quarter, expect ahead, significant retail look
changing plan dynamic as business, we in at proud face and this the pleased summary, I'm strategic look of progress teams are performing in of company's with that the In quarter the I'm our the first our overall the against performance industry.
single-digits May Looking are weather, there a experienced overall. outlook versus America in we cooler out down picture generally and high are the in the for with environment Day North promotional to a second under comps Trends pressure May Memorial soft last seeing macro quarter, weekend our we wet certainly weather softer the year. as in highly
have earlier, trends mentioned U.S. consumers on itself. international traffic decelerated. And tax tourist As is the manifesting impact
We out that low July significantly will of our comps sell-throughs trends pleased into that single-digit I'm negative we with for at expect these weekend. June continued as Memorial holiday as wholesale of and the improve some the we are seeing head we came improving expectations to say quarter.
weather Klein negative business. that are International are International our Holiday we in low seeing and cooler affecting head our last will Europe wet the evidenced single-digit experienced the in negatively Calvin which May, as of week business single We June business and improvement Tommy in by May in Internationally, in significant positive shifts trend. international as comps May month low believe digits into a significantly month-to-date. was a the we improve performance results
Tommy will up be Hilfiger digits. the low projected for single up And single quarter. high is be International international our Klein to Calvin business digits business
to be Asia soft trade our China as continue are discussed overall. I relatively continues really the driven to business disputes by impact
that half store up will against we around as second healthier much incredible company. light brand the back tariffs the in difficult and retail we believe such, in of position our behind Calvin and the marketplace the will year, a We that as well the into competition trade moderate, the be for significantly the of the comp sales expect continues that easier and we comparisons noise and year We to Klein power believe Hilfiger Tommy us half against environment. macro head of
will results. some that, over of turn with Mike our it to to And I quantify