secwatch.observer — SEC 8-K summary
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Issuer:     PVH CORP. /DE/ (PVH)
CIK:        0000078239
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0000078239-23-000111
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PVH Q2 GAAP EPS $1.50, non-GAAP $1.98; revenue +4% to $2.207B; raises FY non-GAAP EPS outlook
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- GAAP EPS $1.50 vs guidance ~$1.70; includes $0.48/share from $39M restructuring costs. Non-GAAP EPS $1.98 beat guidance ~$1.70.
- Revenue $2.207B, +4% YoY (+2% constant currency). DTC +11%, wholesale -3%. Inventory +6%.
- Full-year GAAP EPS outlook lowered to ~$9.60 from ~$10.00; non-GAAP raised to ~$10.35 from ~$10.00.
- Repurchased $200M of stock in Q2; increased planned FY repurchases to up to $400M.
- Tommy Hilfiger revenue +6%, Calvin Klein +3%; Heritage Brands -11%. International and DTC strength.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78239/000007823923000111/0000078239-23-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78239/000007823923000111/pvh-20230829.htm
  HTML page:      https://secwatch.observer/filing/0000078239-23-000111

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