secwatch.observer — SEC 8-K summary
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Issuer:     PVH CORP. /DE/ (PVH)
CIK:        0000078239
Form:       8-K
Filed at:   2024-08-27T23:59:59+00:00
Accession:  0000078239-24-000065
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PVH beats Q2 EPS guidance on tax benefit; raises full-year EPS outlook
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- Revenue $2.074B, down 6% YoY (in line with guidance); GAAP EPS $2.80 vs. ~$2.25 guided.
- Non-GAAP EPS $3.01 vs. ~$2.25 guided; tax benefit of ~$0.55 from audit settlement.
- Gross margin +250 bps to 60.1%; inventory down 12% YoY.
- Full-year GAAP EPS guidance raised to $11.20-$11.45; non-GAAP to $11.55-$11.80.
- Repurchased 200K shares for $25M in Q2; expects ~$400M buybacks in FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78239/000007823924000065/0000078239-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78239/000007823924000065/pvh-20240827.htm
  HTML page:      https://secwatch.observer/filing/0000078239-24-000065

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