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
Operating margin (non-GAAP basis)
“flat to increase slightly on a non-GAAP basis compared to 10.0% on a non-GAAP basis in 2024”
Period
FY2025
Measure
Company-defined measure
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
… earlier in the release
◦ Non-GAAP basis: $3.27 (fourth quarter) exceeded guidance of $3.05 to $3.20 and $11.74 (full year) exceeded guidance of $11.55 to $11.70 • 2025 full year outlook: ◦ Revenue: Projected to be flat to increase slightly (flat to increase slightly on a constant currency basis ) compared to 2024. ◦ Operating margin: Projected to be flat to increase slightly on a non-GAAP basis compared to 10.0% on a non-GAAP basis in 2024. Operating margin on a GAAP basis was 8.9% in 2024. ◦ EPS: Projected to be in a range of $12.40 to $12.75 on a non-GAAP basis, including a negative impact of approximately $0.20 per share related to foreign currency translation. • Completed approximately $500 million stock repurchases during 2024 and planning $500 million stock repurchases in 2025 pursuant to accelerated share repurchase (“ASR”) agreements. New York - March 31, 2025 - PVH Corp. [NYSE: PVH] today reported its 2024 fourth quarter and full year results and provided its 2025 outlook. Stefan Larsson, Chief Executive Officer, commented, “Driven by the strength of our two iconic global brands, Calvin Klein and TOMMY HILFIGER, and our disciplined execution of our PVH+ Plan, we finished the year strong and are well-positioned for 2025. In 2024, we beat our EPS guidance on a non-GAAP basis and delivered better-than-expected revenue in constant currency, with record gross margins and double-digit non-GAAP EBIT margin. In a challenging macro, we delivered another year of strong profitability in North America, drove sequential improvements in our wholesale order books in Europe while improving our quality of sales, and we achi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.