secwatch.observer — SEC 8-K summary
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Issuer:     PVH CORP. /DE/ (PVH)
CIK:        0000078239
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0000078239-23-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PVH beats Q1 guidance: EPS $2.14 vs. ~$1.90; revenue $2.158B (+5% constant currency)
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- Q1 revenue $2.158B (+2% reported, +5% constant currency) exceeded guidance of relatively flat; EPS $2.14 beat ~$1.90 guidance.
- Tommy Hilfiger revenue +5% (+8% constant currency); Calvin Klein flat (+3% constant currency); Heritage Brands -12%.
- Gross margin 57.9% vs. 58.4% prior year; inventory up 24% due to early receipts and higher product costs.
- FY 2023 guidance reaffirmed: revenue +3-4% (+2-3% constant currency), operating margin ~10%, EPS ~$10.00.
- Q2 2023 outlook: low single-digit revenue growth, EPS ~$1.70 vs. $2.08 non-GAAP prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78239/000007823923000062/0000078239-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78239/000007823923000062/pvh-20230531.htm
  HTML page:      https://secwatch.observer/filing/0000078239-23-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer