PVH Corp. Files 2024 Annual Report on Form 10-K

TL;DR

<b>PVH Corp. has filed its 2024 Form 10-K detailing its fiscal year operations and financial standing.</b>

AI Summary

PVH CORP. /DE/ (PVH) filed a Annual Report (10-K) with the SEC on April 2, 2024. PVH Corp. filed its annual report on Form 10-K for the fiscal year ended February 4, 2024. The filing covers the period from February 5, 2023, to February 4, 2024. The company's principal executive offices are located at 285 Madison Avenue, New York, NY. PVH Corp. was formerly known as Phillips-Van Heusen Corp. The filing includes financial data and business operations for the reporting period.

Why It Matters

For investors and stakeholders tracking PVH CORP. /DE/, this filing contains several important signals. This 10-K filing provides a comprehensive overview of PVH Corp.'s financial performance, strategic initiatives, and risk factors for the fiscal year 2023. Investors and analysts can use this report to assess the company's current financial health, evaluate management's strategies, and understand potential future challenges and opportunities.

Risk Assessment

Risk Level: medium — PVH CORP. /DE/ shows moderate risk based on this filing. The company operates in the apparel industry, which is subject to changing consumer preferences, economic downturns, and competitive pressures, as detailed in the risk factors section of the 10-K.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand PVH Corp.'s performance and outlook.

Key Numbers

• 20240204 — Fiscal Year End (Fiscal year end date)
• 20240402 — Filing Date (Date the 10-K was filed)
• 001-07572 — SEC File Number (SEC file number for PVH Corp.)
• 24812914 — Film Number (Film number for the filing)

Key Players & Entities

• PVH CORP. /DE/ (company) — Filer name
• 285 MADISON AVENUE (location) — Business address
• NEW YORK (location) — Business address city and state
• PHILLIPS VAN HEUSEN CORP /DE/ (company) — Former company name
• 20240204 (date) — Fiscal year end date
• 20240402 (date) — Filing date

FAQ

Industry Context

PVH Corp. operates within the apparel and footwear industry, a sector characterized by global supply chains, brand management, and evolving consumer fashion trends.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose material information about their business, financial condition, and management.

What Investors Should Do

1. Analyze the financial statements for revenue trends, profitability, and debt levels.
2. Review the business description and risk factors to understand the company's operational landscape and potential challenges.
3. Examine any disclosed executive compensation details for insights into management incentives.

Key Dates

• 2024-02-04: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-02: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial filing analyzed for the current fiscal year, so no direct comparison to a prior filing is available within this data.

Key Financial Figures

• $1.00 — ange on Which Registered Common Stock, $1.00 par value PVH New York Stock Exchange
• $9.2 b — in more than 40 countries and generated $9.2 billion, $9.0 billion and $9.2 billion in
• $9.0 billion — 0 countries and generated $9.2 billion, $9.0 billion and $9.2 billion in revenues in 2023, 2
• $9.2 billion — enerated $9.2 billion, $9.0 billion and $9.2 billion in revenues in 2023, 2022 and 2021, res
• $9 billion — es by our licensees, were approximately $9 billion in 2023. The TOMMY HILFIGER brands pr
• $325 million — certain territories. 2 Approximately $325 million was spent globally in 2023 in connectio
• $370 million — or certain territories. Approximately $370 million was spent globally in 2023 in connectio

Filing Documents

• pvh-20240204.htm (10-K) — 3217KB
• pvh10k2023ex1022.htm (EX-10.22) — 156KB
• pvh10k2023ex21.htm (EX-21) — 63KB
• pvh10k2023ex23.htm (EX-23) — 4KB
• pvh10k2023ex311.htm (EX-31.1) — 8KB
• pvh10k2023ex312.htm (EX-31.2) — 8KB
• pvh10k2023ex321.htm (EX-32.1) — 5KB
• pvh10k2023ex322.htm (EX-32.2) — 5KB
• pvh10k2023ex97.htm (EX-97) — 32KB
• pvh-20240204_g1.jpg (GRAPHIC) — 128KB
• 0000078239-24-000013.txt (&nbsp;) — 20581KB
• pvh-20240204.xsd (EX-101.SCH) — 145KB
• pvh-20240204_cal.xml (EX-101.CAL) — 135KB
• pvh-20240204_def.xml (EX-101.DEF) — 1128KB
• pvh-20240204_lab.xml (EX-101.LAB) — 1578KB
• pvh-20240204_pre.xml (EX-101.PRE) — 1368KB
• pvh-20240204_htm.xml (XML) — 3644KB

Risk Factors 15

Item 1A. Risk Factors 15

Unresolved Staff Comments 27

Item 1B. Unresolved Staff Comments 27

Cybersecurity 27

Item 1C. Cybersecurity 27

Properties 29

Item 2. Properties 29

Legal Proceedings 29

Item 3. Legal Proceedings 29

Mine Safety Disclosures 29

Item 4. Mine Safety Disclosures 29 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 30

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 30

[Reserved] 31

Item 6. [Reserved] 31

Management's Discussion and Analysis of Financial Condition and Results of Operations 32

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 32

Quantitative and Qualitative Disclosures About Market Risk 57

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 57

Financial Statements and Supplementary Data 57

Item 8. Financial Statements and Supplementary Data 57

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 57

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 57

Controls and Procedures 57

Item 9A. Controls and Procedures 57

Other Information 58

Item 9B. Other Information 58

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 58

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 58 PART III

Directors, Executive Officers and Corporate Governance 59

Item 10. Directors, Executive Officers and Corporate Governance 59

Executive Compensation 59

Item 11. Executive Compensation 59

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 59

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 59

Certain Relationships and Related Transactions, and Director Independence 59

Item 13. Certain Relationships and Related Transactions, and Director Independence 59

Principal Accounting Fees and Services 59

Item 14. Principal Accounting Fees and Services 59 PART IV

Exhibits, Financial Statement Schedules 60

Item 15. Exhibits, Financial Statement Schedules 60

Form 10-K Summary 64

Item 16. Form 10-K Summary 64 Signatures 65 Index to Financial Statements and Financial Statement Schedule F- 1 PART I

Business

Item 1. Business Introduction Unless the context otherwise requires, the terms "we," "our" or "us" refer to PVH Corp. and its subsidiaries. Our fiscal years are based on the 52-53 week period ending on the Sunday closest to February 1 and are designated by the calendar year in which the fiscal year commences. References to a year are to our fiscal year, unless the context requires otherwise. Our 2023 year commenced on January 30, 2023 and ended on February 4, 2024; our 2022 year commenced on January 31, 2022 and ended on January 29, 2023; and our 2021 year commenced on February 1, 2021 and ended on January 30, 2022. References in this report to the brand names TOMMY HILFIGER , TOMMY JEANS , Calvin Klein , CK Calvin Klein , Calvin Klein Jeans , Calvin Klein Underwear , Calvin Klein Performance , which are owned, Warner's , Olga and True&Co. , which we owned until November 27, 2023, Van Heusen , IZOD , ARROW and Geoffrey Beene , which we owned through the second quarter of 2021 and now license back certain of these brands for certain product categories, Nike , which we license for the men's underwear category, and to other brand names owned by us or licensed to us by third parties, are to registered and common law trademarks and are identified by italicizing the brand name. Company Information We were incorporated in the State of Delaware in 1976 as the successor to a business begun in 1881. Our principal executive offices are located at 285 Madison Avenue, New York, New York 10017; our telephone number is (212) 381-3500. We make available at no cost, on our corporate website, PVH.com, our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably practicable after we have electronically filed such material with the Securities and Exchange Commission ("SEC"). All such filings are also available on t

View Full Filing

View this 10-K filing on SEC EDGAR