PVH CORP. /DE/

Listed Company

PVHCIK 0000078239NYSELarge AcceleratedMen'S & Boys' Furnishgs, Work Clothg, & Allied GarmentsDelawareFY ends Jan 31

Period

FY 2026

Revenue

$8.95B

Net Income

$25.30M

Total Assets

$11.68B

Equity

$4.79B

Shares Out

45.81M

Op. Cash Flow

$680.40M

Business

PVH CORP. /DE/ is a global apparel company that designs, markets and licenses iconic lifestyle brands, principally TOMMY HILFIGER and Calvin Klein. It offers sportswear, jeanswear, performance apparel, intimate apparel, underwear, swimwear, dress shirts, handbags, accessories, footwear and related lifestyle products, including licensed categories such as fragrance, eyewear and watches. The company reports through three aggregated businesses—Tommy Hilfiger, Calvin Klein and Heritage Brands—each encompassing wholesale, retail and licensing activities. PVH distributes products worldwide across wholesale partners, company-operated retail stores, digital commerce sites and licensed third-party channels in North America, Europe, Asia‑Pacific and other regions.

Summary from filing dated 2025-04-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Revenue	8,950	8,653	9,218	9,024	9,155
Cost of goods sold	3,802	3,510	3,855	3,901	3,831
Gross profit	5,149	5,143	5,363	5,123	5,324
Selling, general and administrative expenses	4,492	4,411	4,543	4,377	4,454
Goodwill and other intangible asset impairments	480	0	0	417	0
Non-service related pension and postretirement income (cost)	9	−27	47	92	64
Other gain	0	20	15	0	119
Equity in net income of unconsolidated affiliates	45	48	46	50	24
Income before interest and taxes	231	772	929	471	1,077
Interest expense	94	90	99	90	109
Interest income	15	23	12	7	4
Income before taxes	151	706	841	388	973
Effective Income Tax Rate, Amount	126	107	177	188	21
Net income	25	599	664	200	952
Basic net income per common share	0.53	10.69	10.88	3.05	13.45
Diluted net income per common share	0.52	10.56	10.76	3.03	13.25

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	702	748	708	551	1,243
Trade receivables, net of allowances for credit losses of $23.7 and $22.4	995	851	793	924	745
Other receivables	23	25	14	22	20
Inventories, net	1,584	1,509	1,420	1,803	1,349
Prepaid expenses	219	211	238	209	169
Other	71	144	88	73	128
Assets held for sale	12	0	—	—	—
Total Current Assets	3,605	3,488	3,260	3,580	3,654
Property, Plant and Equipment, net	673	741	863	904	906
Operating Lease Right-of-Use Assets	1,862	1,158	1,214	1,296	1,349
Goodwill	2,022	2,260	2,322	2,359	2,829
Tradenames	2,684	2,565	2,599	2,701	2,723
Other Intangibles, net	412	456	498	549	584
Other Assets, including deferred taxes of $99.0 and $37.0	423	366	417	379	352
Total Assets	11,681	11,033	11,173	11,768	12,397
Accounts payable	1,147	1,151	1,073	1,327	1,221
Accrued expenses	821	736	776	874	1,101
Deferred revenue	49	55	56	54	45
Current portion of operating lease liabilities	347	289	289	354	375
Short-term borrowings	0	0	0	46	11
Current portion of long-term debt	13	511	578	112	35
Total Current Liabilities	2,376	2,742	2,772	2,768	2,788
Long-Term Portion of Operating Lease Liabilities	1,648	1,011	1,076	1,140	1,214
Long-Term Debt	2,291	1,580	1,592	2,177	2,318
Other Liabilities, including deferred taxes of $307.3 and $333.5	573	560	615	671	789
Preferred stock, par value $100 per share; 150,000 total shares authorized	0	0	0	0	0
Common stock, par value $1 per share; 240,000,000 shares authorized; 89,593,986 and 89,112,404 shares issued	90	89	89	88	87
Additional paid in capital - common stock	3,464	3,374	3,313	3,245	3,198
Retained earnings	6,015	5,997	5,407	4,753	4,563
Accumulated other comprehensive loss	−689	−857	−754	−713	−613
Less: 43,786,773 and 35,863,271 shares of common stock held in treasury, at cost	−4,088	−3,463	−2,937	−2,359	−1,947
Total Stockholders' Equity	4,792	5,141	5,119	5,013	5,289
Total Liabilities and Stockholders' Equity	11,681	11,033	11,173	11,768	12,397

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net income	25	599	664	200	—
Depreciation and amortization	272	282	299	302	313
Deferred taxes	−44	−26	−14	10	−65
Stock-based compensation expense	44	54	52	47	47
Impairment of other long-lived assets	14	10	6	52	47
Actuarial (gain) loss on retirement and benefit plans	−13	28	−46	−78	−49
Other gain	0	−20	−15	0	−119
Trade receivables, net	−93	−83	119	−189	−138
Other receivables	3	−10	7	−1	4
Inventories, net	29	−134	308	−467	−34
Accounts payable, accrued expenses and deferred revenue	−86	95	−319	−63	261
Prepaid expenses	2	23	−30	−42	−21
Other, net	93	−31	−14	−98	−104
Net cash provided by operating activities	680	741	969	39	1,071
Purchases of property, plant and equipment	−142	−159	−245	−290	−268
Proceeds from sale of Warners, Olga and True&Co. womens intimates businesses	3	8	160	0	0
Proceeds from sale of Karl Lagerfeld investment	0	0	1	19	0
Purchases of investments held in rabbi trust	−12	−6	−5	−9	0
Proceeds from investments held in rabbi trust	7	3	3	1	0
Proceeds from cross-currency swap contracts (net investment hedges)	4	7	0	0	—
Proceeds from sale of warehouse and distribution center	0	10	0	0	0
Net cash used by investing activities	−140	−138	−85	−278	−45
Net payments on short-term borrowings	0	0	−44	37	11
Repayments of 2019 facilities	−13	−12	−12	−488	−1,051
Proceeds from senior notes, net of related fees	494	553	0	—	—
Repayment/redemption of senior notes	−500	−562	−100	0	0
Net proceeds from settlement of awards under stock plans	1	7	18	0	27
Cash dividends	−8	−9	−9	−10	−3
Acquisition of treasury shares	−578	−525	−570	−419	−361
Payments of finance lease liabilities	−3	−4	−5	−5	−5
Net cash used by financing activities	−606	−550	−722	−428	−1,399
Effect of exchange rate changes on cash and cash equivalents	19	−12	−6	−25	−37
(Decrease) increase in cash and cash equivalents	−47	40	157	−692	−409

Filings

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