HighGravityDataPVH — Mar 31, 2025 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000078239-25-000014
Showing in the filing
Share repurchases
“$500 million”
Period
FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 18
Share repurchases for FY2025
“$500 million”
Operating margin for FY2025
“flat to increase slightly on a non-GAAP basis compared to 10.0% on a non-GAAP basis in 2024”
Operating margin (non-GAAP basis) for FY2025
“flat to increase slightly on a non-GAAP basis compared to 10.0% on a non-GAAP basis in 2024”
EPS for FY2025
“$12.40 to $12.75 on a non-GAAP basis”
North America EBIT margin for the long term
“double-digit EBIT margin”
Share repurchases pursuant to accelerated sh… for FY2025
“$500 million”
Revenue for FY2025
“flat to increase slightly compared to 2024 (flat to increase slightly on a constant currency basis)”
EPS, Non-GAAP basis for FY2025
“$12.40 to $12.75”
Interest expense for FY2025
“approximately $85 million”
Effective tax rate for FY2025
“approximately 22%”
Revenue for Q1 FY2025
“flat to decrease 2% compared to the first quarter of 2024 (flat to decrease 1% on a constant currency basis)”
EPS for Q1 FY2025
“$2.10 to $2.25 on a non-GAAP basis”
EPS, Non-GAAP basis for Q1 FY2025
“$2.10 to $2.25”
Interest expense for Q1 FY2025
“approximately $20 million”
Effective tax rate for Q1 FY2025
“approximately 18%”
GAAP revenue change for Q1 FY2025
“Flat to (2)%”
Impact of foreign exchange for Q1 FY2025
“Flat to (1)%”
Non-GAAP revenue change on a constant curren… for Q1 FY2025
“Flat to (1)%”
Exhibit 99.1 · the passage around this item
PVH CORP. REPORTS 2024 FOURTH QUARTER RESULTS WITH REVENUE ABOVE GUIDANCE AND SOLID PERFORMANCE ACROSS THE BUSINESS; PROVIDES 2025 OUTLOOK COMPANY ANNOUNCES $500 MILLION SHARE REPURCHASES IN 2025 PURSUANT TO ACCELERATED SHARE REPURCHASE AGREEMENTS • 2024 fourth quarter and full year revenue: ◦ Fourth quarter revenue decreased 5% to $2.372 billion compared to the prior year period (decreased 2% on a constant currency basis), including a 3% decline from the 53rd week in 2023, and exceeded guidance of a decrease of 6% to 7% (decrease 4% to 5% on a constant currency basis) ◦ Full year revenue decreased 6% to $8.653 billion compared to the prior year period (decreased 5% on a constant currency basis); guidance was a decrease of 6% to 7% (decrease 6% to 7% on a constant currency basis) • 2024 full year operating margin: ◦ GAAP basis: 8.9% compared to guidance of 9.2%. Results include a pre-tax actuarial loss on retirement plans of $28 million not known at the time of guidance. ◦ Non-GAAP basis: 10.0% compared to guidance of approximately flat to 10.1% in 2023 • 2024 fourth quarter and full year EPS: ◦ GAAP basis: $2.83 (fourth quarter) compared to guidance of $2.83 to $2.98 and $10.56 (full year) compared to guidance of $10.55 to $10.70. Results include the pre-tax actuarial loss on retirement plans referenced above. ◦ Non-GAAP basis: $3.27 (fourth quar
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other guidance in this release
Text is the filed exhibit, verbatim.