PVH Corp. recast its reportable segments to EMEA, Americas, APAC and Licensing and presented unaudited interim results prepared under U.S. GAAP. During Q1 2025 the company recorded significant noncash impairment charges totaling $479.5 million—$426.0 million of goodwill impairments (primarily Americas and APAC) and $53.5 million for reacquired perpetual license rights in Australia—driven principally by higher discount rates. The company completed a $500 million 5.5% senior note issuance due 2030 and used proceeds to repay maturing notes; it maintains undrawn delayed-draw and revolving credit capacity and was in compliance with covenants as of August 3, 2025. Revenue trends showed modest brand growth (Tommy Hilfiger +4%, Calvin Klein +5%) with consolidated gross profit of $1.251 billion (57.7% margin) and SG&A of $1.129 billion (52.1% margin). Effective tax rates were volatile due to nondeductible impairment charges, producing large tax benefits or charges in the periods presented. The filing discloses an MOFCOM investigation resulting in PVH being placed on China’s List of Unreliable Entities; no measures have been imposed to date.
PVH Corp. filed a current report to disclose that it released its earnings press release for the second quarter of 2025. The company states that it issued this press release on August 26, 2025, and attached it as Exhibit 99.1 to the report.
The report clarifies that the earnings information and the exhibit are being furnished, not filed, which means they are not subject to certain liability provisions of the securities laws and are not automatically incorporated into other securities filings. The filing is focused solely on sharing the second quarter 2025 earnings release with the market.
PVH held its Annual Meeting of Stockholders on June 18, 2025, with 94% of eligible shares represented (45,226,213 shares). Key voting outcomes include:
- All ten director nominees were successfully elected to one-year terms, with most receiving strong support above 42 million votes. Notable exception was Amy McPherson, who received 39.7 million votes in favor with significant opposition of 2.9 million votes against
- Shareholders approved the non-binding advisory vote on executive compensation ("Say-on-Pay") with 41.3 million votes in favor (95.7% of votes cast)
- Ernst & Young LLP was ratified as independent auditor with 43.4 million votes in favor (96% of votes cast)
The meeting demonstrated strong shareholder engagement and broad support for management proposals, though with some notable dissent regarding one board member. The company's governance matters received overwhelming approval from voting shareholders.
PVH Corp. Director Jesper Andersen reported acquiring 2,776 restricted stock units (RSUs) on June 18, 2025. The RSUs were granted at $0 cost and will fully vest on either:
- The first anniversary of the grant date, or
- The date of PVH's next annual stockholder meeting, whichever comes first
Following this transaction, Andersen beneficially owns a total of 3,512 shares, which includes the newly granted RSUs. The shares are held directly by the reporting person. This equity grant appears to be part of the company's director compensation program, aligning the director's interests with those of shareholders through stock ownership.
PVH Corp director Ajay Bhalla reported the acquisition of 2,776 restricted stock units (RSUs) on June 18, 2025. The RSUs were granted at $0 cost and will fully vest at the earlier of:
- First anniversary of the grant date
- Date of PVH's next annual stockholder meeting
Following this transaction, Bhalla beneficially owns a total of 6,572 shares, which includes the newly granted RSUs. All securities are held directly by the reporting person. This equity grant appears to be part of the company's director compensation program, aligning the director's interests with those of shareholders through equity ownership.