PVH (PVH 17.99%) stock posted big gains in Tuesday's trading following the release of the company's fiscal fourth-quarter earnings report. The clothing company's share price closed out the day's trading up 18%. After the market closed yesterday, PVH published results for the fourth quarter of its last fiscal year, which ended Feb. 2. The company posted sales and earnings for the period that beat the market's expectations, and it also issued solid forward guidance and announced an accelerated stock buyback p ...

FX Empire Logo English check-icon Deutsch العربية Français Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perfor ...

PVH Corporation (PVH) reported better-than-expected results in the fourth quarter of fiscal 2024, wherein both earnings and revenues topped the Zacks Consensus Estimate. However, the bottom and top lines fell year over year. Results were hurt by a tough macro backdrop. PVH reported adjusted earnings of $3.27 per share, down 12.1% from the year-ago quarter's $3.72. The bottom line beat the Zacks Consensus Estimate of earnings of $3.19 per share and the company's guidance of $3.05-$3.20. The figure included t ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Financial Position - The company had an outstanding aggregate principal amount of $2.099 billion in indebtedness as of February 2, 2025, with $500 million of senior unsecured notes due in 2025 [160]. - As of February 2, 2025, the company recorded $2.260 billion in goodwill and $3.021 billion in other intangible assets, representing 48% of total assets [172]. - The company’s ability to maintain compliance with financial covenants may be adversely affected by future economic conditions, impacting its financial stability [160]. - The company’s pension plans are subject to significant obligations, with potential volatility in pension costs due to market conditions [168][169]. Impairment and Risks - In the third quarter of 2022, the company recorded $417 million of noncash impairment charges due to a significant increase in discount rates [172]. - Adverse changes in tax laws or audits could result in additional tax liabilities, impacting cash flows and financial condition [162][165]. - The company is currently implementing a multi-year SAP S/4 upgrade, which poses risks of disruptions or deficiencies in operations [180]. Currency and Market Risks - The company utilizes foreign currency forward contracts to mitigate cash flow or market risks associated with inventory transactions, but cannot eliminate these risks entirely [158]. - The company’s international operations expose it to foreign currency exchange rate fluctuations, impacting financial results during times of a strengthening or weakening U.S. dollar [157]. Cybersecurity and Data Privacy - The company faces risks related to cybersecurity and data privacy, including potential breaches that could disrupt operations and damage reputation [176][179]. - The company is subject to increasing global data privacy and security laws, which may impact operations and increase costs [181]. - Compliance with data privacy laws may lead to less efficient operations and delays in financial reporting [183]. - The company has implemented a global data privacy program, including guidelines and training for associates [183]. - The complexity of data privacy regulations, such as GDPR and CCPA, is increasing, affecting business operations [182]. Legal and Regulatory Risks - There is a risk of significant fines, judgments, or settlements due to potential regulatory actions [183]. - Any legal claims could result in reputational damage, regardless of the outcome of the defense [183].

Calvin Klein parent PVH Corp (NYSE:PVH) is up 15.6% to trade at $74.69 at last glance, after the company reported better-than-expected fourth-quarter earnings and revenue. The retail concern also announced another $500 million share buyback plan this year, after completing one in 2024, and issued an upbeat annual forecast. BMO Capital lowered its price target on PVH to $93 from $106 after the event, while TD Cowen lifted its own to $125 from $110. Broader analyst sentiment is split, with seven of 14 firms i ...

Monday, March 31, 2025 On the last trading day of calendar Q1, major indexes were mixed. The Dow, which first tested a 6-month bottom, finished up exactly +1.00%, or +417 points — resulting in a more than 900-point swing. Big Tech closed its worst quarter in 3 years, with the Nasdaq dipping another -23 points, -0.14%. The S&P 500 was +0.55% and the small-cap Russell 2000 finished -0.50%. Construction Spending, also for February, comes out tomorrow after the opening bell, too. We are expected to see a sewing ...

PVH (PVH) came out with quarterly earnings of $3.27 per share, beating the Zacks Consensus Estimate of $3.19 per share. This compares to earnings of $3.72 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 2.51%. A quarter ago, it was expected that this owner of the Calvin Klein and Tommy Hilfiger brands would post earnings of $2.61 per share when it actually produced earnings of $3.03, delivering a surprise of 16.09%. Over the ...

Revenue Performance - Fourth quarter revenue decreased 5% to $2.372 billion, exceeding guidance of a 6% to 7% decline[4] - Full year revenue decreased 6% to $8.653 billion, aligning with guidance of a 6% to 7% decline[4] - Total revenue for the quarter ended February 2, 2025, was $2,371.6 million, a decrease of 4.7% compared to $2,489.9 million for the same quarter in 2024[35] - The company reported total revenue for the year ended February 2, 2025, of $4,327.1 million, a decrease from $4,479.5 million for the year ended February 4, 2024[39] - Total revenue for PVH Corp. decreased to $8,652.9 million for the year ended February 2, 2025, down from $9,217.7 million in the prior year, representing a decline of 6.1%[51] Earnings and Profitability - Non-GAAP EPS for the fourth quarter was $3.27, exceeding guidance of $3.05 to $3.20[4] - Non-GAAP EBIT for the full year was $865 million, down from $931 million in 2023, impacted by foreign currency translation[13] - Net income for the quarter was $157.2 million, down 42.2% from $271.8 million in the prior year quarter[35] - Diluted net income per share for the quarter was $2.83, compared to $4.55 in the same quarter last year, reflecting a decline of 37.7%[35] - For the quarter ended February 2, 2025, net income on a non-GAAP basis was $181.4 million, compared to $222.1 million for the quarter ended February 4, 2024, representing a decrease of 18.4%[41] - Diluted net income per common share on a non-GAAP basis for the quarter ended February 2, 2025, was $3.27, down from $3.72 for the same quarter last year, a decline of 12.1%[39] - For the year ended February 2, 2025, net income was $598.5 million, down from $665.0 million the previous year, a decrease of 10.0%[45] - The diluted net income per common share for the year was $10.56, compared to $11.74 for the previous year, indicating a decline of 10.0%[45] Expenses and Costs - Selling, general and administrative expenses for the quarter were $1,156.7 million, compared to $1,216.3 million in the same quarter last year, indicating a decrease of 4.9%[35] - Selling, general and administrative (SG&A) expenses for the quarter ended February 2, 2025, were $1,150.7 million, a decrease of 5.0% compared to $1,211.0 million for the quarter ended February 4, 2024[39] - The company incurred pre-tax restructuring costs totaling $24 million in 2024, primarily related to severance and the simplification of its operating model[27] - The company incurred restructuring costs related to its multi-year initiative to simplify its operating model, which included severance and a gain on the sale of a warehouse and distribution center[37] Tax and Interest - The effective tax rate for 2024 was 20.0% on a GAAP basis, compared to 19.3% in the prior year[12] - The effective tax rate is projected to be approximately 18%[26] - Interest expense for the first quarter of 2025 is projected to increase to approximately $20 million, up from $18 million in the first quarter of 2024[26] Inventory and Assets - Inventory increased 6% compared to the prior year, reflecting a strategic investment in core inventory[9] - Total current assets increased to $3,487.6 million as of February 2, 2025, up from $3,259.7 million a year earlier, marking an increase of 7.0%[46] - Cash and cash equivalents rose to $748.0 million, compared to $707.6 million in the previous year, reflecting a growth of 5.7%[46] - The company's total assets decreased to $11,033.2 million from $11,172.9 million year-over-year, a decline of 1.2%[46] - The company’s total liabilities decreased to $5,892.7 million from $6,054.0 million year-over-year, a reduction of 2.7%[46] - The company’s goodwill and other intangible assets decreased to $5,281.0 million from $5,419.5 million year-over-year, a decline of 2.6%[46] Segment Performance - Tommy Hilfiger North America reported net sales of $1,252.8 million for the year ended February 2, 2025, a slight decrease from $1,262.7 million in the previous year[51] - Calvin Klein North America achieved net sales of $1,120.0 million for the year ended February 2, 2025, compared to $1,112.4 million in the previous year, indicating a modest increase[51] - Tommy Hilfiger International's net sales were $3,218.5 million for the year ended February 2, 2025, a decline of 6.8% from $3,452.9 million in the previous year[56] - Total Calvin Klein revenue was $3,856.7 million for the year ended February 2, 2025, down from $3,914.5 million in the prior year, a decrease of 1.5%[56] Future Projections - Projected 2025 revenue is expected to be flat to slightly increase compared to 2024[20] - Projected 2025 non-GAAP EPS is in the range of $12.40 to $12.75, including a negative impact of approximately $0.20 per share from foreign currency translation[20] - The company is unable to project full year 2025 operating margin and EPS on a GAAP basis due to uncertainties regarding restructuring costs[22] - Constant currency revenue for the first quarter of 2025 is estimated to change flat to a decrease of 1%[57] Operational Initiatives - The company is focusing on improving systems and automation to drive more efficient, cost-effective operations across the organization[37] - The company aims to reduce people costs in its global offices by approximately 10% by the end of 2023 as part of its 2022 cost savings initiative[37]

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables. Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period. Considering buying PVH stock? Here's what analysts think: Read This Next: PVH Corp. PVH will release its fourth-quarter financial results after the closing bell on Monday, March 31. Analysts expect the company to report qu ...