NYSE$PVH
PVH Corp · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
PVH exceeded revenue expectations and delivered solid performance across brands and regions in Q4 2024.
PVH Corp. reported fourth quarter 2024 results that surpassed revenue guidance, driven by strong performances from Calvin Klein and Tommy Hilfiger, particularly in international markets. Operating income and EPS were in line with expectations, and the company provided a confident outlook for 2025.
- Revenue reached $2.490 billion, above guidance and up 2% on a constant currency basis.
- Non-GAAP EPS was $3.72, slightly above the high end of guidance.
- International segments, especially Calvin Klein International and Tommy Hilfiger International, delivered robust growth.
- Gross margin improved to 58.7%, reflecting better full-price selling and reduced freight costs.
Headline financials
Revenue & EPS history
PVH · Revenue · Quarterly
$2.49B
Revenue by segment
PVH · $33M total across 1 segment · Q4 2024
- Heritage Brands$33M—100.0%
Forward guidance
PVH expects revenue to increase approximately 4% on a constant currency basis in FY 2025, with non-GAAP EPS projected at approximately $10.75.
Tailwinds
- Revenue expected to grow ~4% on constant currency basis in FY 2025
- Non-GAAP EPS guidance of approximately $10.75 for FY 2025
- Brand strength expected to continue driving international growth
- Inventory position significantly improved
- Strong gross margin performance projected to continue
Headwinds
- U.S. wholesale and China businesses expected to remain volatile
- Ongoing macroeconomic uncertainty could impact consumer demand
- Foreign exchange headwinds may slightly offset revenue growth
- Heritage Brands segment continues to decline
- Potential impact from geopolitical instability in key markets
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2024
+0.1%
Avg return
Earnings day
-1.5%
Avg return
5 days after
-1.3%
Avg return
30 days after
58%
38 / 65 earnings
Positive
+21.4%
Q4 2022
Best reaction
-22.7%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -20.7% | -18.8% | — | |
| Q4 2025 | +4.6% | -16.4% | — | |
| Q3 2025 | -11.8% | -13.1% | -22.5% | |
| Q2 2025 | -0.8% | +2.2% | +5.2% | |
| Q1 2025 | -18.1% | -19.4% | -10.4% | |
| Q3 2024 | -2.4% | -3.2% | -5.5% | |
| Q2 2024 | -5.7% | -4.8% | -6.0% | |
| Q1 2024 | +1.0% | -2.1% | -14.5% | |
| Q4 2023 | -22.7% | -22.7% | -22.0% | |
| Q4 2024 | -0.6% | -22.7% | -22.0% | |
| Q3 2023 | +8.6% | +15.8% | +35.6% | |
| Q2 2023 | +5.1% | +6.5% | -4.1% | |
| Q1 2023 | -12.6% | -13.5% | -4.5% | |
| Q4 2022 | +21.4% | +22.5% | +14.2% | |
| Q3 2022 | +13.3% | +9.7% | +8.8% | |
| Q2 2022 | -10.9% | -13.6% | -26.5% | |
| Q1 2022 | +2.3% | +0.3% | -19.9% | |
| Q4 2021 | -1.9% | -8.4% | -11.3% | |
| Q3 2021 | -5.6% | -2.6% | -0.1% | |
| Q2 2021 | +13.0% | +7.9% | -3.7% | |
| Q1 2021 | -3.1% | -3.0% | -4.2% | |
| Q4 2020 | +7.9% | +3.1% | +16.4% | |
| Q3 2020 | +7.8% | +12.8% | +14.8% | |
| Q2 2020 | +6.6% | +10.0% | +7.8% | |
| Q1 2020 | -16.8% | -11.8% | -25.6% | |
| Q4 2019 | -15.3% | +5.5% | +18.7% | |
| Q3 2019 | +0.2% | -2.9% | +4.9% | |
| Q2 2019 | +8.9% | +8.6% | +25.7% | |
| Q1 2019 | -20.2% | -17.2% | -10.6% | |
| Q4 2018 | +15.6% | +13.6% | +19.0% | |
| Q3 2018 | -0.4% | -3.3% | -16.7% | |
| Q2 2018 | -9.2% | -8.2% | -7.4% | |
| Q1 2018 | +3.2% | +3.0% | -3.5% | |
| Q4 2017 | +5.8% | +5.4% | +12.1% | |
| Q3 2017 | -2.2% | -2.4% | -0.3% | |
| Q2 2017 | +5.5% | +4.9% | +4.8% | |
| Q1 2017 | +4.5% | +2.8% | +7.9% | |
| Q4 2016 | +6.3% | +9.5% | +6.0% | |
| Q3 2016 | +1.8% | +0.9% | -14.9% | |
| Q2 2016 | -2.0% | -0.7% | -0.9% | |
| Q1 2016 | +5.3% | +6.2% | +5.1% | |
| Q4 2015 | +6.0% | — | — | |
| Q3 2015 | -10.0% | — | — | |
| Q2 2015 | +8.2% | — | — | |
| Q1 2015 | +7.1% | — | — | |
| Q4 2014 | +0.9% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | +10.4% | — | — | |
| Q1 2014 | -7.9% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | +1.4% | — | — | |
| Q2 2013 | -4.1% | — | — | |
| Q1 2013 | +10.3% | — | — | |
| Q4 2012 | -6.3% | — | — | |
| Q3 2012 | +5.2% | — | — | |
| Q2 2012 | +5.5% | — | — | |
| Q1 2012 | +6.2% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q4 2009 | -0.3% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2011 | +0.9% | — | — | |
| Q3 2010 | +0.9% | — | — | |
| Q2 2011 | +0.6% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q4 2010 | +0.6% | — | — |
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