Mission Statement, Vision, & Core Values of PVH Corp. (PVH)

Ever wondered what drives a global apparel giant like PVH Corp., the force behind iconic brands like Calvin Klein and Tommy Hilfiger?

It all boils down to a clearly defined mission, a compelling vision, and deeply ingrained core values. But how do these abstract concepts translate into tangible results, like the $8.653 billion in revenue the company generated in fiscal year 2024?

Does a company's mission statement really impact its bottom line, or is it just corporate jargon? Dive in to discover how PVH's guiding principles shape its strategies, influence its financial performance, and contribute to its ambitious goals for 2025, including projected EPS in the range of $12.40 to $12.75.

PVH Corp. (PVH) An Overview of

PVH Corp., formerly known as Phillips-Van Heusen Corporation, boasts a rich history dating back to 1881. Today, it stands as one of the world's largest apparel companies, owning and marketing iconic brands such as Calvin Klein and Tommy Hilfiger. PVH designs and markets a variety of goods, including apparel, footwear, and accessories. As of April 2025, PVH continues to drive significant sales through its established retail network, e-commerce platforms, and wholesale distribution channels.

PVH Corp.'s financial performance in its latest reporting period demonstrates its robust market position. In 2024, PVH reported revenue of $9.02 billion. The success was significantly fueled by strong performances of its key brands, Calvin Klein and Tommy Hilfiger, particularly in international markets. PVH has demonstrated substantial growth, leveraging strategic acquisitions and a strong focus on digital and sustainable initiatives.

As one of the leading companies in the apparel industry, PVH Corp. has achieved remarkable success through its brand management, global reach, and innovative strategies. To further understand the factors contributing to PVH's success, explore Breaking Down PVH Corp. (PVH) Financial Health: Key Insights for Investors.

PVH Corp. (PVH) Mission Statement

A mission statement is a concise declaration of an organization's purpose, outlining its core values and primary objectives. It serves as a guiding principle for the company's actions and decisions, shaping its culture and brand identity. A well-crafted mission statement communicates the company's commitment to its stakeholders, including customers, employees, and shareholders. PVH Corp., a global apparel company, has a mission statement that reflects its dedication to innovation, quality, and responsible business practices. The mission statement serves as a roadmap for the company, directing its strategic initiatives and ensuring alignment across all levels of the organization.

PVH Corp.'s mission statement is: 'To drive fashion forward for good.' This statement encapsulates the company's ambition to not only lead in the fashion industry but also to make a positive impact on society and the environment. The mission statement comprises three core components:

• Driving Fashion Forward
• For Good

Driving Fashion Forward

The first core component of PVH Corp.'s mission statement is 'Driving Fashion Forward.' This element underscores the company's commitment to innovation, creativity, and staying at the forefront of the fashion industry. PVH Corp. recognizes that fashion is a dynamic and ever-evolving landscape, and to remain competitive, it must continuously anticipate and respond to changing consumer preferences and market trends.

Examples of how PVH Corp. drives fashion forward include:

• Investing in Design and Innovation: PVH Corp. allocates resources to research and development, exploring new materials, technologies, and design concepts to create innovative and differentiated products.
• Adapting to Consumer Trends: PVH Corp. closely monitors consumer behavior and preferences, using data analytics and market research to identify emerging trends and tailor its product offerings accordingly.
• Embracing Digitalization: PVH Corp. leverages digital technologies to enhance the customer experience, streamline operations, and improve supply chain efficiency. This includes investments in e-commerce platforms, social media marketing, and data-driven decision-making.

For Good

The second core component of PVH Corp.'s mission statement is 'For Good.' This element reflects the company's commitment to social and environmental responsibility. PVH Corp. recognizes that its business operations have an impact on the world, and it strives to minimize negative impacts and maximize positive contributions.

Examples of how PVH Corp. acts 'For Good' include:

• Promoting Ethical Sourcing and Production: PVH Corp. is committed to ensuring that its products are manufactured in safe, fair, and ethical working conditions. The company works closely with its suppliers to enforce its code of conduct and promote responsible labor practices.
• Reducing Environmental Impact: PVH Corp. is taking steps to reduce its environmental footprint across its value chain. This includes initiatives to conserve water and energy, reduce waste, and promote the use of sustainable materials. For example, PVH Corp. has set a science-based target to reduce its greenhouse gas emissions by 30% by 2030.
• Supporting Communities: PVH Corp. invests in programs and partnerships that support communities around the world. This includes initiatives to promote education, health, and economic development. For instance, PVH Foundation supports organizations that empower women and families.

PVH Corp. integrates its commitment to 'For Good' into its business strategy, recognizing that responsible business practices are not only ethically sound but also contribute to long-term value creation. By prioritizing social and environmental responsibility, PVH Corp. seeks to build trust with its stakeholders, enhance its brand reputation, and attract and retain top talent.

PVH Corp.'s mission statement, 'To drive fashion forward for good,' serves as a guiding principle for the company, shaping its culture, strategy, and brand identity. By focusing on innovation, quality, and responsible business practices, PVH Corp. strives to create value for its stakeholders while making a positive impact on the world. This mission statement underscores PVH Corp.'s commitment to leading the fashion industry and contributing to a more sustainable and equitable future.

To gain more insights into PVH Corp., explore: PVH Corp. (PVH): History, Ownership, Mission, How It Works & Makes Money

PVH Corp. (PVH) Vision Statement of

PVH Corp. (PVH) has articulated a clear vision, mission, and set of core values that guide its operations and strategic decisions. These statements reflect the company's aspirations, purpose, and the principles that define its culture. Understanding these elements provides insight into PVH's goals and how it aims to achieve them. For more information on the company's financial standing, see Breaking Down PVH Corp. (PVH) Financial Health: Key Insights for Investors.

Mission Statement

PVH's mission statement encapsulates the company's purpose and what it strives to achieve daily. While a specific, publicly declared mission statement can be difficult to pinpoint, PVH's actions and communications suggest a focus on:

• Driving Brand Growth: PVH aims to elevate and expand its iconic brands, such as Calvin Klein and Tommy Hilfiger, in the global market.
• Delivering Value to Consumers: The company is dedicated to providing high-quality products and experiences that resonate with consumers and meet their evolving needs.
• Promoting Sustainable Practices: PVH is increasingly committed to integrating sustainable and responsible practices throughout its operations, from sourcing to production.
• Fostering an Inclusive Culture: PVH emphasizes the importance of diversity and inclusion within its workforce, creating an environment where all employees can thrive.

Vision Statement

PVH's vision statement outlines the company's aspirations for the future. Although a formal vision statement is not explicitly publicized, PVH's strategic initiatives and corporate communications suggest a vision centered on:

• Becoming a Leading Global Apparel Company: PVH aims to be recognized as a leader in the apparel industry, known for its brand portfolio, innovative products, and operational excellence.
• Creating a Sustainable and Ethical Business: PVH envisions a future where its business practices contribute positively to the environment and society.
• Driving Digital Transformation: The company seeks to leverage digital technologies to enhance its operations, customer engagement, and overall competitiveness.
• Empowering Consumers: PVH aspires to empower consumers through its brands, enabling them to express their individuality and style confidently.

Core Values

PVH's core values represent the guiding principles that shape its culture and behavior. These values influence how the company interacts with its employees, customers, and stakeholders. While PVH does not explicitly list its core values, several key principles are evident in its actions and communications:

• Integrity: PVH emphasizes the importance of ethical conduct and transparency in all its dealings.
• Innovation: The company encourages creativity and innovation to drive growth and stay ahead of the competition.
• Collaboration: PVH fosters a collaborative environment where teamwork and open communication are valued.
• Inclusivity: The company is committed to creating a diverse and inclusive workplace where everyone feels valued and respected.
• Responsibility: PVH takes responsibility for its impact on the environment and society, striving to operate sustainably and ethically.

By adhering to these values, PVH aims to create a positive and sustainable impact on the world while delivering value to its stakeholders.

PVH Corp. (PVH) Core Values of

While publicly available information directly detailing PVH Corp.'s (PVH) core values as of April 2025 is limited, we can infer key values from their actions, initiatives, and public statements. These inferred values include a commitment to integrity, sustainability, diversity & inclusion, and innovation. These are not explicitly stated as PVH's official core values, but are derived from the company's reported activities and priorities.

Integrity:

Integrity is understood through PVH's commitment to ethical business practices, compliance, and transparency. PVH Corp. emphasizes the importance of acting ethically and responsibly in all aspects of its business. This includes ensuring fair labor practices, maintaining environmental standards, and adhering to legal and regulatory requirements.

Examples of PVH's commitment to integrity:

• Ethical Sourcing: PVH has implemented programs to ensure that its products are manufactured in facilities that meet high standards for worker safety and fair labor practices.
• Compliance Programs: The company has established comprehensive compliance programs to prevent bribery, corruption, and other unethical behaviors.
• Transparency: PVH is committed to providing transparent information about its business operations, including its environmental and social impact.

Sustainability:

Sustainability is reflected in PVH's efforts to reduce its environmental impact, promote sustainable materials, and improve its supply chain. PVH Corp. recognizes the importance of environmental stewardship and has set ambitious goals to reduce its carbon footprint, conserve water, and minimize waste.

Examples of PVH's commitment to sustainability:

• Sustainable Materials: PVH is increasing its use of sustainable materials, such as organic cotton and recycled polyester, in its products.
• Energy Efficiency: The company is investing in energy-efficient technologies and practices to reduce its greenhouse gas emissions.
• Water Conservation: PVH is implementing water-saving measures in its manufacturing facilities and working with suppliers to reduce water consumption.

PVH's commitment to sustainability is further highlighted by its strategic partnerships and initiatives aimed at promoting environmental responsibility throughout its value chain. These efforts not only contribute to a healthier planet but also enhance the company's brand reputation and appeal to environmentally conscious consumers. PVH's dedication to sustainability is an integral part of its long-term business strategy, ensuring resilience and adaptability in a rapidly changing world.

Diversity & Inclusion:

Diversity & Inclusion is demonstrated through PVH's initiatives to promote a diverse and inclusive workforce, support employee development, and engage with diverse communities. PVH Corp. values diversity and inclusion as essential to its success. The company is committed to creating a workplace where all employees feel valued, respected, and empowered to contribute their best.

Examples of PVH's commitment to diversity & inclusion:

• Employee Resource Groups: PVH has established employee resource groups (ERGs) to support and advocate for employees from diverse backgrounds.
• Diversity Training: The company provides diversity and inclusion training to all employees to promote awareness and understanding.
• Inclusive Hiring Practices: PVH is committed to inclusive hiring practices that ensure equal opportunities for all candidates.

PVH's dedication to diversity and inclusion extends beyond its internal workforce to encompass its broader community engagement. The company actively supports initiatives that promote social justice, equality, and economic empowerment for marginalized groups. By fostering a culture of inclusivity, PVH strengthens its ability to attract and retain top talent, innovate, and connect with a diverse customer base, driving sustainable growth and positive social impact.

Innovation:

Innovation is reflected in PVH's investments in new technologies, product development, and business models to meet changing consumer needs. PVH Corp. recognizes the importance of innovation in staying competitive in the fashion industry. The company is committed to investing in new technologies, product development, and business models to meet changing consumer needs and preferences.

Examples of PVH's commitment to innovation:

• Digital Transformation: PVH is investing in digital technologies to enhance its online presence, improve customer experience, and streamline its operations.
• Product Innovation: The company is developing new products that incorporate innovative materials, designs, and features.
• Business Model Innovation: PVH is exploring new business models, such as subscription services and personalized shopping experiences, to better serve its customers.

PVH's focus on innovation is also evident in its strategic partnerships with technology companies and startups. These collaborations enable PVH to access cutting-edge technologies and expertise, accelerating its ability to develop and launch innovative products and services. By embracing a culture of experimentation and continuous improvement, PVH remains at the forefront of the fashion industry, adapting to evolving market dynamics and creating value for its stakeholders.