PVH CORP Reports 3.5% Increase in Total Revenue for Q2 of FY2024
September 1, 2023
☀️Earnings Overview
PVH CORP ($NYSE:PVH) reported total revenue of USD 2207.0 million for the second quarter of FY2024, a 3.5% increase compared to the same period of the previous year. However, net income for the quarter declined 18.3% year over year to USD 94.2 million. The financial results were announced on July 31 2023.
Analysis
GoodWhale has conducted an analysis of PVH Corp‘s financials and found that it is a medium risk investment in terms of its business and financial aspects. This assessment was based on their Risk Rating score. Upon further examination, GoodWhale also detected 2 risk warnings in the company’s income sheet and balance sheet. If you’d like to have a closer look at these warnings, we recommend becoming a registered user. This will give you access to our full range of analysis and insights about PVH Corp. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pvh Corp. More…
| Total Revenues | Net Income | Net Margin |
| 9.13k | 182.2 | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pvh Corp. More…
| Operations | Investing | Financing |
| 267.2 | -45 | -1.4k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pvh Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.54k | 6.5k | 81.74 |
Key Ratios Snapshot
Some of the financial key ratios for Pvh Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.0% | 75.9% | 4.5% |
| FCF Margin | ROE | ROA |
| -0.3% | 5.0% | 2.2% |
Peers
It competes with Capri Holdings Ltd, Sub-Urban Brands Inc, Dazzle Fashion Co Ltd for market share.
– Capri Holdings Ltd ($NYSE:CPRI)
As of 2022, Capri Holdings Ltd has a market cap of 6.11B and a Return on Equity of 25.1%. The company is a luxury fashion holding company that owns and operates a number of high-end fashion brands, including Michael Kors, Versace, and Jimmy Choo. Capri Holdings is headquartered in London, England.
– Sub-Urban Brands Inc ($OTCPK:SUUB)
Dazzle Fashion Co Ltd is a publicly traded company with a market capitalization of 6.64 billion as of 2022. The company’s return on equity, a measure of profitability, is 11.16%. Dazzle Fashion Co Ltd is engaged in the design, manufacture, and distribution of women’s apparel and accessories. The company sells its products through a network of retail stores and online.
Summary
PVH Corp‘s financial results for the second quarter of FY2024 showed total revenue increasing by 3.5%, reaching $2207 million.
However, net income for the quarter decreased by 18.3% year-over-year to $94.2 million. Despite this, PVH Corp’s stock price moved up after the results were released. This could be indicative of investors expecting better performance in the future, or may simply be a short-term reaction to the overall market trend. Investors should keep an eye on the company’s financials and performance going forward in order to make an informed decision on whether to invest in PVH Corp.
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