earnings
confidence high
sentiment positive
materiality 0.80
PVH beats Q4 non-GAAP EPS guidance; full year EPS $11.74; plans $500M ASR in 2025
PVH CORP. /DE/
2024-FY EPS reported
$10.56
revenue$8,652,900,000
- Q4 revenue $2.372B, down 5% YoY (down 2% constant currency), above guidance of -6% to -7%.
- Q4 non-GAAP EPS $3.27 beat guidance $3.05-$3.20; GAAP EPS $2.83.
- FY2024 non-GAAP operating margin 10.0% in line with guidance; GAAP 8.9% with $28M actuarial loss.
- FY2025 non-GAAP EPS guidance $12.40-$12.75, including ~$0.20 FX headwind; revenue flat to slightly up.
- Plans $500M share repurchases in 2025 via ASR agreements; completed $500M in 2024.