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
Impact of foreign exchange
“Flat to (1)%”
Period
Q1 FY2025
Measure
Company-defined measure
Source
Guidance table
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
… earlier in the release
Reconciliations of 2024 Constant Currency Revenue GAAP Revenue % Change Quarter Ended GAAP Negative Impact of Foreign Exchange Constant Currency 2/2/25 2/4/24 Tommy Hilfiger International $ 880.8 $ 950.6 (7.3) % (3.1) % (4.2) % Total Tommy Hilfiger 1,282.1 1,351.2 (5.1) % (2.4) % (2.7) % Calvin Klein International 675.2 704.4 (4.1) % (3.5) % (0.6) % Total Calvin Klein 1,045.7 1,064.4 (1.8) % (2.6) % 0.8 % Total International Revenue 1,556.0 1,655.0 (6.0) % (3.4) % (2.6) % Total Revenue $ 2,371.6 $ 2,489.9 (4.8) % (2.5) % (2.3) % Owned and Operated Retail Stores $ 1,055.0 $ 1,094.8 (3.6) % (2.5) % (1.1) % Owned and Operated Digital Commerce 248.4 276.0 (10.0) % (2.1) % (7.9) % Total Direct-to-Consumer $ 1,303.4 $ 1,370.8 (4.9) % (2.5) % (2.4) % Wholesale $ 953.4 $ 998.9 (4.6) % (2.6) % (2.0) % GAAP Revenue % Change Year Ended GAAP Negative Impact of Foreign Exchange Constant Currency 2/2/25 2/4/24 Tommy Hilfiger International $ 3,218.5 $ 3,452.9 (6.8) % (0.8) % (6.0) % Total Tommy Hilfiger 4,589.7 4,824.6 (4.9) % (0.7) % (4.2) % Calvin Klein International 2,540.7 2,589.9 (1.9) % (1.4) % (0.5) % Total Calvin Klein 3,856.7 3,914.5 (1.5) % (1.0) % (0.5) % Total Revenue $ 8,652.9 $ 9,217.7 (6.1) % (0.8) % (5.3) % 19 PVH CORP. Full Year and Quarterly Reconciliations of GAAP to Non-GAAP Amounts Reconciliation of 2025 Constant Currency Revenue First Quarter 2025 (Estimated) GAAP revenue change Flat to (2)% Impact of foreign exchange Flat to (1)% Non-GAAP revenue change on a constant currency basis Flat to (1)% Reconciliation of GAAP Diluted Net Income Per Common Share to Diluted Net Income Per Common Share on a Non-GAAP Basis First Quarter 2024 (Actual) (In millions, except per share data) Results Under GAAP Adjustments (1) Non-GAAP Results Net income $ 151.4 $ 8.5 $ 142.9 Total weighted average shares 58.4 58.4 Diluted net income per common share $ 2.59 $ 2.45 (1) Represents the impact on net income in the quarter ended May 5, 2024 from the elimination of (i) the $10 million gain recorded in connection with the Heritage intimates transaction and (ii) a $2 million tax expense associated with the foregoing pre-tax item. 20
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.