For the first quarter (Q1) of the FY25, the company expects income to be flat or decrease up to 2 percent year after year (yoy). It is anticipated that the Non -GAAP EPS ranges between $ 2.10 and $ 2.25, including an estimated negative impact of approximately $ 0.05 per share of the currency translation. The spending of interest to the quarter is projected at approximately $ 20 million.
“Looking to the future, we are positioning the company to obtain long -term sustainable growth and remain without rest in feeding our brand construction wheel to unlock our potential worldwide,” he said Stefan Larsson, PVH Executive Director (CEO) Corp. “In North America, we will continue to promote a two -digit Ebit margin, in Europe, our '25 autumn order books return to growth, and in Asia Pacific we will continue to focus on promoting a strong consumer participation in our diversified businesses in the region.”
PVH CORP has reported a decrease in income from 6 percent to $ 8,653 billion in the fiscal year24, affected by the sale of their businesses of Interest Women and the 53rd week in 2023. Tommy Hilfiger and Calvin Klein revenue fell, while equity brands submerged 57 percent. FY24 EPS No Gaap rose to $ 11.74. For fiscal year 2015, income is expected to be flat or slightly higher, with EPS projected between $ 12.40 and $ 12.75.
For the full fiscal year 2024 (FY24) ended on February 2, 2025, the consolidated income of PVH Corp decreased by 6 percent year -on -year to $ 8,653 billion, or 5 percent over a constant currency. The decrease includes an impact of 2 percent on the sale of Women's Estimate's Business assets and an impact of 1 percent of the 53RD Week in 2023.
As for the brand, Tommy Hilfiger's revenues fell 5 percent year -on -year (4 percent in constant currency), with international revenues by 7 percent due to a strategic reduction of planned sales in Europe, while North America remained stable. Calvin Klein's revenues decreased by 1 percent, with international revenues that lower 2 percent and North America 1 percent. The revenues of equity brands fell by 57 percent, including a decrease of 45 percent of the sale of their women's intimate women.
In the fiscal year24, the EBIT for Gaap stood at $ 772 million. EPS was $ 10.56, while the EPS did not gaap rose to $ 11.74. Both figures include a negative impact of $ 0.18 per share of the translation of foreign currency.
The effective tax rate decreased to 15.2 percent on a GAAP base and 16.7 percent in a non -gaap base. The reduction in tax rates is mainly due to a fiscal benefit in the first quarter of fiscal year 2014 of the favorable liquidation of an audit of several years in an international jurisdiction, said PVH Corp in a press release.
PVH CORP revenues in the fourth quarter (Q4) of the FY24 decreased by 5 percent year -on -year (they decreased 2 percent in a constant monetary base). General income in the company's international businesses decreased by 6 percent.
As for the region, North America's income in Tommy Hilfiger and Calvin Klein combined companies increased by 1 percent compared to the previous fiscal period, since the benefit of a change at the time of wholesale shipments from Q3 in the fourth quarter was largely compensated by a decrease in 53RD Week in 2023.
The direct income to consumption (DTC) in the control of the fiscal year of the fiscal year of the year control of the fiscal year decreased by 5 percent compared to the period of the previous year (they decreased by 2 percent in a constant monetary base). The revenues of the operated stores decreased by 4 percent year -on -year (decreased by 1 percent in a constant currency base), and the income of the digital trade business decreased by 10 percent year -on -year (decreased 8 percent in a constant currency), since the growth in North America was more than compensated by the continuation of the strategic reduction of the sales company in Europe to boost the general quality of sales in the region in the region The region.
The wholesale income of the company in the fourth quarter decreased 5 percent year -on -year. (2 percent decreased on a constant currency basis), including a 2 percent reduction resulting from the sale of Heritage Brands Women's intimates.
The gross margin in Q4 Fy24 was 58.2 percent compared to 60.3 percent in Q4 Fy23. The decrease reflects the impacts of a greater promotional environment, an unfavorable change in the combination of channels and the highest freight costs, added the release.
“In 2024, we overcome our EPS orientation on a non -gaap base and deliver better income than expected in constant currency, with gross record margins and a two -digit Ebit of Ebit.
Fiber2Fashion News Desk (SG)
