secwatch.observer — SEC 8-K summary
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Issuer:     PVH CORP. /DE/ (PVH)
CIK:        0000078239
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0000078239-25-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PVH Q1 revenue beats guidance; non-GAAP EPS $2.30 above high end; full-year outlook cut on tariffs and macro uncertainty
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- Revenue $1.984B (+2% YoY); GAAP EPS $(0.88) includes $480M goodwill/intangibles impairment.
- Non-GAAP EPS $2.30 beat guidance of $2.10-$2.25; non-GAAP EBIT $160M vs $195M last year.
- Full-year non-GAAP EPS guidance cut to $10.75-$11.00 from $12.40-$12.75; operating margin lowered to ~8.5%.
- Tariffs estimated to have ~$1.05/share unmitigated impact; mitigation actions to take effect in H2 2025.
- Entered $500M ASR in April; repurchased 5.4M shares in Q1; no further share repurchases expected in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78239/000007823925000050/0000078239-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78239/000007823925000050/pvh-20250604.htm
  HTML page:      https://secwatch.observer/filing/0000078239-25-000050

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