Reports Q4 revenue $2.6B, consensus $2.5B. EPS included a negative impact of approximately 25c per share due to additional inventory reserves recorded as a result of the onset of the COVID-19 outbreak. Commenting on these results, Emanuel Chirico, Chairman and Chief Executive Officer, noted, “PVH ended the year with a strong holiday season and increasing momentum across TOMMY HILFIGER and CALVIN KLEIN in the majority of the regions where we operate. We are very pleased with these results, with revenue as well as earnings per share on a non-GAAP basis exceeding our guidance.” Mr. Chirico continued, “I believe that we are in a solid financial position to navigate the COVID-19 outbreak and this period of unprecedented volatility. Our balance sheet has always been one of our core strengths and we have over $1 billion in cash and available borrowings. We also are taking a hard look at all of our discretionary spending, payroll and salary reductions, capital expenditures and inventory management with a firm focus on managing our cash flow and preserving our cash position and financial standing.” Mr. Chirico concluded, “While the outbreak is highly dynamic and continues to unfold, my confidence in the power of PVH and our ability to navigate this crisis is unwavering. With a nearly 140 year history, I believe that our core strengths – our talent, our brands, and our strong fundamentals and balance sheet – will continue to support us through this uncertain time and ultimately lead us back to a healthy path of long-term growth once the pandemic subsides.”