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
GAAP revenue decrease
“(6)% to (7)%”
Period
Q4 FY2024
Measure
GAAP-tied
Source
Guidance table
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
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 (0.9)% (0.3)% Operating margin on a Non-GAAP basis Approximately 10.1% Approximately 10.1% Reconciliations of 2024 Constant Currency Revenue Guidance Full Year 2024 (Estimated) Fourth Quarter 2024 (Estimated) GAAP revenue decrease (6)% to (7)% (6)% to (7)% Negative impact of foreign exchange —% (2)% Non-GAAP revenue decrease on a constant currency basis (6)% to (7)% (4)% to (5)% Please refer to the section entitled "Reconciliations of Constant Currency Revenue” on page 17 this release for a description of the presentation of constant currency amounts. Reconciliations of GAAP Diluted Net Income Per Common Share to Diluted Net Income Per Common Share on a Non-GAAP Basis Full Year 2023 Fourth Quarter 2023 (Actual) (Actual) (In millions, except per share data) Results Under GAAP Adjustments (1) Non-GAAP Results Results Under GAAP Adjustments (2) Non-GAAP Results Net income $ 663.6 $ 4.7 $ 658.9 $ 271.8 $ 49.7 $ 222.1 Total weighted average shares 61.7 61.7 59.7 59.7 Diluted net income per common share $ 10.76 $ 10.68 $ 4.55 $ 3.72 (1) R epresents the impact on net income in the year ended February 4, 2024 from the elimination of (i) a $46 million recognized actuarial gain on retirement plans in the fourth quarter of 2023; (ii) a $15 million gain recorded in connection with the Heritage Brands intimates transaction in the fourth quarter of 2023; (iii) $2 million of costs related to the Heritage Brands intimates
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.