PVH Corp

PVH

Equity

ISIN US6936561009 / Valor 13341368

New York Stock Exchange, Inc (2024-09-17)

USD 96.16+0.28%

PVH Corp
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About company

PVH Corp is a global leader in the apparel industry, focusing on driving growth, success, performance, and creativity through an inclusive workplace where associates embrace the company's values. The company is known for its diverse portfolio of iconic brands and its commitment to driving fashion forward for good. PVH Corp's business encompasses a wide range of clothing and accessories, catering to various consumer segments around the world.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

First Quarter Revenue

In the first quarter of 2024, PVH Corp's revenue decreased by 10% to $1.952 billion compared to the prior year period. On a constant currency basis, the revenue decline was 9%, which exceeded the guidance of an approximate 11% decrease (10% on a constant currency basis).

First Quarter EPS

PVH Corp reported earnings per share (EPS) on a GAAP basis of $2.59 for the first quarter of 2024, which exceeded the guidance of approximately $2.15. On a non-GAAP basis, EPS was $2.45, also surpassing the guidance of approximately $2.15.

Full Year Revenue Outlook

For the full year 2024, PVH Corp reaffirmed its projected revenue decrease of 6% to 7% on both a reported and constant currency basis. This outlook includes a 2% reduction related to the sale of the Heritage Brands women's intimates business and a 1% reduction from the 53rd week in 2023.

Full Year EPS Outlook

PVH Corp raised its full year 2024 EPS guidance on a GAAP basis to a range of $11.15 to $11.40, up from the previous range of $10.75 to $11.00. On a non-GAAP basis, the EPS guidance was also raised to a range of $11.00 to $11.25, compared to the previous range of $10.75 to $11.00.

Stock Repurchase Program

During the first quarter of 2024, PVH Corp repurchased 1.8 million shares of its common stock for $200 million. The company expects to make common stock repurchases of approximately $400 million for the full year 2024, as part of its commitment to return excess cash to stockholders under the PVH+ Plan.

Summarized from source with an LLMView Source

Key figures

21.2%1Y

-12.6%3Y

8.72%5Y

Performance

40.3%1Y

47.4%3Y

57.3%5Y

Volatility