PVH Corp, a global apparel company, reported its quarterly and annual financial results, showing changes in its revenue and income before interest and taxes across its segments.
In the quarter ended May 5, 2024, PVH Corp's revenue was $1,951.9 million, down from $2,074.3 million in the previous quarter. Similarly, the income before interest and taxes for the same period was $205.1 million, an increase from $173.9 million in the previous quarter.
The company's revenue by segment also showed fluctuations. In the EMEA (Europe, Middle East, and Africa) region, revenue decreased from $1,014.2 million in the quarter ended August 4, 2024, to $882.9 million in the quarter ended May 5, 2024. In the Americas, revenue increased from $617.5 million to $733.2 million during the same period.
PVH Corp also presented constant currency revenue information to assess its performance excluding the effects of changes in foreign currency exchange rates. For instance, in the EMEA segment, there was a negative impact of foreign exchange, leading to a constant currency revenue decrease of 12.3% in the quarter ended May 5, 2024, compared to the same period in the previous year.
The company's annual revenue for the year ended February 2, 2025, was $8,652.9 million, down from $9,217.7 million in the previous year. The income before interest and taxes for the same period was $772.3 million, a decrease from $928.8 million in the previous year.
These figures reflect the dynamic nature of PVH Corp's financial performance, with fluctuations in revenue and income across its segments and over time. Today the company's shares have moved -2.1% to a price of $80.81. Check out the company's full 8-K submission here.
