secwatch.observer — SEC 8-K summary
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Issuer:     PVH CORP. /DE/ (PVH)
CIK:        0000078239
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0000078239-24-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PVH beats Q1 EPS guidance, raises FY2024 EPS outlook; revenue down 10%
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- Q1 revenue $1.952B (-10% YoY); GAAP EPS $2.59 beat guidance of ~$2.15; non-GAAP EPS $2.45.
- Full year GAAP EPS guidance raised to $11.15-$11.40 (prev. $10.75-$11.00); non-GAAP to $11.00-$11.25.
- Gross margin expanded 350 bps to 61.4%; inventory down 22% YoY.
- Q2 EPS guidance ~$2.25 vs. prior year $1.98 non-GAAP; revenue expected down 6-7%.
- Repurchased $200M in stock during Q1; expects ~$400M for full year 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78239/000007823924000030/0000078239-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78239/000007823924000030/pvh-20240604.htm
  HTML page:      https://secwatch.observer/filing/0000078239-24-000030

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