HighGravityDataPVH — Dec 4, 2024 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000078239-24-000083
Showing in the filing
Effective tax rate (GAAP basis)
“approximately 15%”
Period
FY2024
Measure
GAAP-tied
Source
Prose
All guidance in this release · 23
Operating margin (Non-GAAP basis) for FY2024
“approximately flat compared to 10.1% in 2023”
Common stock repurchases under the stock rep… for FY2024
“approximately $400 million”
Stock repurchases for FY2024
“approximately $400 million”
Revenue for FY2024
“decrease of 6% to 7% compared to 2023 (decrease 6% to 7% on a constant currency basis)”
Operating margin, GAAP basis for FY2024
“approximately 9.2%”
EPS, GAAP basis for FY2024
“$10.55 to $10.70”
EPS, Non-GAAP basis for FY2024
“$11.55 to $11.70”
Interest expense for FY2024
“approximately $68 million”
Revenue for Q4 FY2024
“decrease 6% to 7% compared to the fourth quarter of 2023 (decrease 4% to 5% on a constant currency basis)”
EPS, GAAP basis for Q4 FY2024
“$2.83 to $2.98”
EPS, Non-GAAP basis for Q4 FY2024
“$3.05 to $3.20”
Interest expense for Q4 FY2024
“approximately $15 million”
Effective tax rate for Q4 FY2024
“approximately 20%”
GAAP net income per common share for FY2024
“$10.55 to $10.70”
GAAP net income per common share for Q4 FY2024
“$2.83 to $2.98”
Net income per common share on a non-GAAP ba… for FY2024
“$11.55 to $11.70”
Net income per common share on a non-GAAP ba… for Q4 FY2024
“$3.05 to $3.20”
Effective tax rate (GAAP basis) for FY2024
“approximately 15%”
Effective tax rate (Non-GAAP basis) for FY2024
“approximately 16%”
Operating margin on a Non-GAAP basis for FY2024
“Approximately 10.1%”
GAAP revenue decrease for Q4 FY2024
“(6)% to (7)%”
Non-GAAP revenue decrease on a constant curr… for FY2024
“(6)% to (7)%”
Non-GAAP revenue decrease on a constant curr… for Q4 FY2024
“(4)% to (5)%”
Exhibit 99.1 · the passage around this item
… earlier in the release
2024 Net Income Per Common Share Reconciliations Current Guidance Previous Guidance Full Year 2024 (Estimated) Fourth Quarter 2024 (Estimated) Full Year 2024 (Estimated) Third Quarter 2024 (Estimated) GAAP net income per common share $10.55 to $10.70 $2.83 to $2.98 $11.20 to $11.45 Approximately $2.30 Estimated per common share impact of items identified as non-GAAP exclusions $(1.00) $(0.22) $(0.35) $(0.20) Net income per common share on a non-GAAP basis $11.55 to $11.70 $3.05 to $3.20 $11.55 to $11.80 Approximately $2.50 2024 Tax Rate Reconciliation Full Year 2024 (Estimated) GAAP tax rate Approximately 15% Estimated tax rate impacts from items identified as non-GAAP exclusions (1)% Tax rate on a non-GAAP basis Approximately 16% The GAAP net income per common share amounts presented in the above table, as well as the amounts excluded in providing non-GAAP earnings guidance, would be expected to change as a result of (i) acquisition, divestment or similar transactions or activities, (ii) the timing and strategy of restructuring and integration initiatives or other one-time events that the Company engages in or suffers during the period, (iii) any market or other changes affecting the Company’s expected actuarial gain or loss on retirement plans, including the recent volatility in the financial markets and (iv) any discrete tax events including changes in tax rates or tax law and events arising from audits or the resolution of uncertain tax positions. 18 PVH CORP. Full Year and Quarterly Reconciliations of GAAP to Non-GAAP Amounts (continued) 2024 Operating Margin Reconciliation Current Guidance Previous Guidance Full Year 2024 (Estimated) Full Year 2024 (Estimated) GAAP operating margin Approximately 9.2% Approximately 9.8% Estimated impact of items identified as non-GAAP exclusions
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.