good call everyone, thank and Sheryl, our and you, for joining you Thank morning, today.
a we currency impact currency was And businesses. growth, financial expectations to We direct-to-consumer both led excluding and in underlying fourth reported that on X% and quarter and strength both Calvin exceeded our and of driven Tommy top expectations results for constant better-than-expected are by our in Russia-Ukraine basis. bottom report strong ahead pleased Revenue the performance line, fourth by both plus of drove the the exit, Hilfiger the for Klein. quarter
that strong outsized strong to brands we with choices and expect both line, across double-digit more that grow while regions. led the The than expansion much compete to some continue and consumer a was able be what to any our were XXXX execution growth. marketing deliver to to proactive planning the across response driven and highlight top by make EBIT XXXX marketplace challenging into We us product, and momentum would into coming margin environment made to EPS are of happen. expected in all in of our going like And by We DXC we I growth year. to to win growth showed proved macro to
highest of Hilfiger time The build growth plan our Tommy growth at led desirable will digitally and PVH the Klein most long-term brand-focused, Calvin shared plan our is the in and brand into in and Day. we April, parallel, vision one our lifestyle our Last sector. and brands the multiyear Investor performing in Plan groups making direct-to-consumer that world PVH+ over
stronger the for are will and first made in We get we progress everyone This know clarity continue know is into great this there very and execution The gaining and we company provided have year. we company. of traction where execution. across will how focus the plan a our we in focus going, direction we year the of strong
Tommy strength Calvin with big collaborations In product engagement partnerships. engagement This consumer delivered products revenue we and hero increased consumer X% reason and cut-through power. increased in world-class XXXX, strength high-quality and pricing across product talent with in campaigns, both plus underlying in is growth and with key our a drove categories
our exit. For to performance in of growth XX% a growth we delivered driving outstanding region XX% In a XX% a in a setting currency euros accelerate are China. lockdown, regional not for plus the the to COVID that grow position when constant plus in environment XXXX from the adjusting perspective, were strong total growth currency drive and growth. from of continued Europe to very for out strength challenging plus and in outside able markets Russia Asia, We were constant
in together a able multiyear Calvin and And domestic to start of unlock. win the our way, with X% a were to in growth we more North plus is driving recognizing that consumer, this beginning for Tommy America, brand-accretive
the perspective, through challenges. supply navigated COVID-related chain a successfully From we
Over from continue steps the year, XX% unleash will And impact both the our become building in and XX%, supply deliver positive driver. which availability and real our have we value we deliveries to on cost. now are next increased strategic chain a to on-time to a to about
that but products. approach We invest back opportunities are strong cost enable creating return a to and also data-driven not will reduction efficiencies us great into sourcing only
optimizing breadth the are cutting higher create we to by addition, our productivity tail. In assortment unproductive SKU
and chain areas such that and by to simplifies strategic technology. year in is the investments more our to Plan We also new competitive our speed become came in enables into cost of we growth work, that and marketing, supply PVH+ us making in an way to the as underlying increase decision-making a how important drive team driver execute knowing empowers
significant our important was pleased capabilities to have to to Plan progress we needed impact. PVH+ to translate here the year that made the the made year. share team I'm most continue we with strengthen during management to this our past Perhaps improvements
the Officer, and I'm into to proud is leadership single we of that progress critical our Chief area. our team Coughlin Sara share as the their this impact and David in are most factor made a positive as from plan Strategy translating From successfully experience my leadership. important impact. experience, joined action highly and significant Zac in Bland Chain the the value-creating strength bring Officer. CFO, Savman our X Supply seeing relevant we already All Chief as
America's President, Head spent and around of And the joined Global team Inditex. big part of then as Kohler as career and as the of spent of this growth global on of Serrano as leaders month, Eva for having America as XX one turned behind Donald Zara President, And a Calvin joined Klein roles Calvin both Klein years key North from that the his having Burberry, them.
PVH+ commitments. appointments experiences leadership complementing and these strong competitive to on have growth With mindset we our team, existing the deliver the our long-term capabilities, needed
during their with inspiration give for work us. people spent be I world. to their I traveling our my recognition Their impressed hard of in by perspective. all continue win a markets associates I special teams to and go an all managers. Finally, every our there consumer incredible consumer's our and a of around and ethic, XXXX work experience to part the the to time want out day stores the And big store and XXXX our is and passion to from of to thank expertise
Plan Now the with how region. our Europe. across our performance regional Starting and turning we connecting each are brands to PVH+ and executing
and very brands to growth another with headwinds, the power really record drive continued had Europe region. in delivered Despite strong consumers finished quarter have leaned business year-over-year performance, we year the strong. the fourth Our X reflecting billion for into We revenue. that exceeding our EUR the macro quarter, in team the double-digit
underlying delivered retail exit, XXXX. stores, by adjusted the FX of during quarter selling performance which also including in Europe our and For was the Growth for revenue generated every very our year, period. holidays double-digit fourth growth the growth quarter led in strong Russia
well saw We also wholesale which received early collections, have XXXX of by partners. spring shipments very our strong been
by increased product better efficiencies operational availability, Growth was enabled and product faster deliveries.
growth amplifying a iconic hero supported enabler category strong Tommy This in strategy assortments reaching the are stories with to to product our of Our XXXX. all our increasing consumer. by And strategy, and winning with aspiration was driven true DNA, further offerings of and XXXX, in continues focus was be that, a the our product Tommy product on product we products. by which elevation,
continue footwear, accessories, in from a further across to Tommy out our brand Calvin For growth build to strong leverage Calvin, lifestyle as Calvin playbook momentum to jeans see next our Klein businesses. proven product we and established categories. We underwear
demand favorable from sell-through for seen have unplanned We at with spring collection wholesale. early consumers our
disruptions, compared last up to and Looking chain fall supply shipped for digits. for year's to be ahead, is delivery order expected low book our adjusting single improved performance Russia
strong and should the program. While operating well our potential a continue positioned through best-in-class model our partners macroeconomic approach, conservative are for are we volatility, capitalize given wholesale demand stronger to taking never-out-of-stock
Moving Asia on Pacific. to
stronger-than-expected currency quarter Our China. Greater the team impact. offset performance, in outside of solid widespread Asia we by deliver fourth growth to constant generated which COVID the XX.XX Greater was continued In in China,
the Calvin generated double-digit the brand to currency Tommy constant growth. year, both awareness. And and For strong region increase their continued
assortment rationalization hero with efforts categories SKU relevant on and regionally key products growth ongoing the refine focus and through Our to products results. are products driving
lower quarter, outperformed fourth higher our AURs and the with discounts. hero In products
brands consumer and lean and underscoring win up brands in product fueled to and by how rankings Tmall, move engagement the to consumer consumers. and and driving product Both on Lunar capsule with such above key strength activations. continue are Year performance of well launches moments by in successful resonating as plan, our the We market continue New they the
capsule Miffy retail, we e-commerce character across launched campaign strong and brand Miffy. Capsule heat. to Collection, fueling iconic launch The media, influencer For the feature Tommy was brought collaborations omnichannel the and cartoon life the partnerships, social holiday, which
the Ready virtual capsule launched also collection and dedicated Player Me. dress a had avatars to in the opportunity consumers called Calvin
working across the faster and enable are digital we execution. as further XXXX, consumer a channels digital expand toward capabilities single to view look we As well to region's as
to insights enhanced new foundation such investments live We're as channels with core to supply make We to a Center, leverages to in-season read-and-react in newer Innovation which demand replenishment for streaming Asia buying. data Asia big the model consumer in as and chain increasingly the through collaborations and customized styles. with continue shorter on our and also higher well our Tmall lead enable Douyin improving sourcing, capabilities for times planning focus and laying offer as
opportunity in Looking markets. ahead, brand our and grow product to the a further all have positioning brands premium with clear
both overall awareness, increasing further into brand underpenetrated. Tommy lean to where especially China, and in Calvin continue We are
to profitable business early gears are a a in on clear shifting the with by growth an focus step, deliver in way, to by underpinned growing accretive traction sustainable, consumer. business brand product our in Step focus domestic North the we increased getting and America. Lastly, category
in businesses very performance elevated strong period, Our delivered delivered and levels We stores. across DXC the quarter, the Calvin market. given despite our mid-single-digit growth holiday by fourth Tommy a led promotional inventory
digits. single high increased businesses Calvin and Tommy our year, the For
delivered the DXC in single-digit we by and in-stock drive product domestic improved improved Our high positive Most quarter stores assortments to comps levels. consumer driven importantly, fourth continue comps.
to product yield Our assortment and continue improvements results.
bestseller higher scaled For is the to initiative, on sell-throughs global which gross to balance generating XX% Tommy, focuses initiative of quickly business. assortment. compared winning global This design, our of combining stronger AURs, DXC higher margins our and the
One in X the fourth great quarter to expanding example quarter XXXX. you franchises XX% plus the on our this product Building prior pertain quarter, last with our shared Polo that category, success business. biggest in were we up versus Polo key
a year. We compared just improved the year XX% of spring saw XX% on region deliveries This result over at leadership. on-time improvement in were significant also on time ago we chain where season time supply with progress start is of the with our a the of direct to our
we ahead further learnings scale our to are and America. North focused on in from our XXXX XXXX, applying initiatives growth Looking
and to the matched DXC billing even in doubling drivers focus our are assortment improvements on demand better stores , on key categories. through in-stock performance We with down in a rigorous
by expanding we're in to the Calvin, channel. upgrades an our our across marketing share store all the in-stock channels consumer replenishment we in we're for bestseller are levels deliver execution. making Tommy, elevated initiative underwear execution building global investments and impactful time, with improving wholesale For At And stores the coupled market ensure experience. to Tommy CK same
it fantastic how and Klein relevant Klein. Jonathan Calvin brands highlights marketing our for brand beginning going are with to to global made Klein Calvin job bringing both few and our a consumer, DNA the global and back Calvin Calvin of in a CMO, the we share done to today. I'll Bottomley, Next, iconic highly team life have
Calvins have been few see life work we umbrella During the this of the months, able to past come under nothing. to campaign or
friends starring of campaign spring global Carlos chapter strong cotton and In in January, launched launched Alcaraz, our and Dressed classic the and the the recently, the a introduced new styles, the our underwear signature was Taylor-Johnson. latest Jordan, the cast Jenner, jeans, the with star, results. range More globally wide of the ambassadors of campaign and FKA straight wearing it tennis jeans brand drove in including Jennie Kim, full underwear Kendall B. for Aaron Michael season. styles Twigs
timed The and of media anticipated B. and Michael with quickly Michael to images post his now The one of campaign reach total high highly viral to campaign launched on a the of post B. The million went OwnSocial. Jordan film, across with Calvin very III. date our generated release is between engagement. social highest performing Jordan Creed X colab
coverage of after We and X.X for incredibly fashion on year launch. entertainment, is Kendall with testament imagery the across to and a saw XX.X XX the post now to culture pickup power total in with there. cut digital outlets, of reach a Jimmy the the of And campaign the talent again, reach, organic Kimmel strong The highest through. broadcast reaching pop didn't the post and the hours colab right right brand's in billion million stop including Live! Jenner
as Also ambassador Jungkook, launching underwear. this and for boy jeans a Calvin member the will Calvin brand popular global South the band, Klein Korean extremely of BTS, join Klein week,
Tommy, Tommy our strong cool X its among January. The impressions Hilfiger. classic American Moving visibility relevance drive billion DNA, and approximately to consumers. to generated on brand unique with to November from target continued brand
strongest leveraged collaboration, a for capsules. the one to, brand's celebrations, was into spoke strong Tapping I globally of consumer Lunar of and developed our relevance, performing just New Year moment it Miffy was the although which
and collection Mexico range Looking heart flagship our broad collaboration stores of London, in just campaign, Sustainability the immersive recently a and Classics a this in-store part And spring Reborn materials. stands Shawn with of as that, held hosted of the Tommy sustainable launched Mendes and of City. other Tommy ahead, at Shawn globally. activations. with tour recycled Berlin, Selected events incorporating Milan
upcoming a streetwear label Tommy Jeans Tommy in for pieces archival Aries Tommy creative and in is coming Tommy new will, globally. online which all stores on consumer fostering retailers collaboration, The our key also is features be own through by and things connections access collection The play early the days, and Jeans. bold the available in inspired
vision to commitments For both lifestyle sector. our while It brands, of an step Tommy towards our to the year we forward becoming the be one into highest groups exciting the building in another XXXX. take of are all in looking and big PVH+ will on brands forward a desirable performing delivering long-term world, brand Calvin our most in
macroeconomic I tough. recognize environment the to will continue likely be
in across relentless be our X will growth and we PVH+ So brands executing both drivers regions. all
strong winning products engagement, the with create and deliver In aspirational our category charged winning consumer will an talent. campaigns seasonal best with we cut-through will the offerings in products, by In of market. hero increasingly network advance we
make touch to in-store. cut sales through You will initiatives. to the aspirational to also with of marketing we points sure see as us presence consumer a our e-commerce of media, from improve We're investing all more into social also share ranging continue
both business key we all digital strengthen to while e-commerce offense drive will penetration. In wholesale winning increasing we our price improved across our with DXC and with stores full productivity, the continue the partners partnership our in and and marketplace,
are continuing with strength, e-commerce drive operated owned We partners. to both and and key
accuracy delivery this in we progress beginning while make drivers. steps investing are to growth our after the in behind while cost scale cost across year, going of demand-driven all our We and of supply And brands, chain. we big our efficiencies become goods, both will competitive, only developing take leveraging
started XXXX on in building to we strong XXXX I look forward beyond. and in to the momentum win
around and time, mindset get the the get Over in consistent value-creating to most and done. the in and We is power importantly, the the it vision, team on plan, through are direction to enormous compounded needed the execution the Plan. PVH+ traction there real starting effect focus being
I'll financials turn to more the now to call Zac the discuss over in detail.