secwatch.observer — SEC 8-K summary
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Issuer:     PVH CORP. /DE/ (PVH)
CIK:        0000078239
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0000078239-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PVH beats Q4 and FY EPS guidance; authorizes $2B buyback
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- Q4 revenue $2.490B (flat YoY) vs guidance of -3% decline; GAAP EPS $4.55 vs guided ~$3.48.
- FY2023 revenue $9.218B (+2% YoY); GAAP EPS $10.76 beat guidance of ~$9.75.
- Gross margin expanded to 60.3% from 55.9% in Q4; inventory down 21% YoY.
- 2024 outlook: revenue down 6-7% (incl 2% from divestiture); EPS $10.75-$11.00; op margin flat ~10.1%.
- Board authorized $2B increase to share repurchase program, extended through July 2028.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78239/000007823924000011/0000078239-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78239/000007823924000011/pvh-20240401.htm
  HTML page:      https://secwatch.observer/filing/0000078239-24-000011

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