PVH Corp. (NYSE: 
PVH) reported its fourth-quarter and full-year 2024 results on March 31, 2025. The company exceeded revenue expectations and outlined a stable 2025 outlook.
Fourth-quarter 2024 revenue fell 5% year-over-year to $2.372 billion. This included a 3% decline from the 53rd week in 2023. The company had guided for a 6% to 7% drop. On a constant currency basis, revenue declined 2%, beating expectations of a 4% to 5% fall.
Full-year 2024 revenue dropped 6% to $8.653 billion, slightly better than guidance. Constant currency revenue fell 5%.
PVH posted a GAAP operating margin of 8.9%, just under its 9.2% guidance. A pre-tax actuarial loss of $28 million on retirement plans affected results. On a non-GAAP basis, the operating margin was 10%, in line with expectations.
GAAP earnings per share were $2.83 for Q4, matching the lower end of guidance. Full-year GAAP EPS reached $10.56. Non-GAAP EPS came in higher at $3.27 for Q4, beating the forecast of $3.05 to $3.20. Full-year non-GAAP EPS totaled $11.74, above the $11.55 to $11.70 range.
In 2025, PVH expects flat or slightly higher revenue growth compared to 2024. The company forecasts a non-GAAP operating margin near or slightly above 10%. EPS is projected between $12.40 and $12.75, with a $0.20 negative impact from foreign currency translation.
In other news, the company repurchased $500 million of its stock in 2024. PVH plans another $500 million in share buybacks through accelerated share repurchase agreements in 2025.
Technical Analysis: Price At Key Support
As of writing,PVH stock is trading at 65.54, -2.18 (-3.22%), and testing a key support zone. This zone combines horizontal support with an ascending trendline. A breakdown below this level could trigger further declines, with the next major support lying near $44, the previous low.
Upside Potential Hinges on Earnings Strength
If support at $64 holds, PVH could rally toward the $90 resistance zone and immediate target.
The future movement will likely depend on Q1 2025 earnings. A strong report may fuel a short-term rebound. A weak result on the other hand, could drive the price below the current support.
PVH) reported its fourth-quarter and full-year 2024 results on March 31, 2025. The company exceeded revenue expectations and outlined a stable 2025 outlook. Fourth-quarter 2024 revenue fell 5% year-over-year to $2.372 billion. This included a 3% decline from the 53rd week in 2023. The company had guided for a 6% to 7% drop. On a constant currency basis, revenue declined 2%, beating expectations of a 4% to 5% fall.
Full-year 2024 revenue dropped 6% to $8.653 billion, slightly better than guidance. Constant currency revenue fell 5%.
PVH posted a GAAP operating margin of 8.9%, just under its 9.2% guidance. A pre-tax actuarial loss of $28 million on retirement plans affected results. On a non-GAAP basis, the operating margin was 10%, in line with expectations.
GAAP earnings per share were $2.83 for Q4, matching the lower end of guidance. Full-year GAAP EPS reached $10.56. Non-GAAP EPS came in higher at $3.27 for Q4, beating the forecast of $3.05 to $3.20. Full-year non-GAAP EPS totaled $11.74, above the $11.55 to $11.70 range.
In 2025, PVH expects flat or slightly higher revenue growth compared to 2024. The company forecasts a non-GAAP operating margin near or slightly above 10%. EPS is projected between $12.40 and $12.75, with a $0.20 negative impact from foreign currency translation.
In other news, the company repurchased $500 million of its stock in 2024. PVH plans another $500 million in share buybacks through accelerated share repurchase agreements in 2025.
Technical Analysis: Price At Key Support
As of writing,
PVH stock is trading at 65.54, -2.18 (-3.22%), and testing a key support zone. This zone combines horizontal support with an ascending trendline. A breakdown below this level could trigger further declines, with the next major support lying near $44, the previous low. Upside Potential Hinges on Earnings Strength
If support at $64 holds, PVH could rally toward the $90 resistance zone and immediate target.
The future movement will likely depend on Q1 2025 earnings. A strong report may fuel a short-term rebound. A weak result on the other hand, could drive the price below the current support.
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