PVH Corp to Announce Q1 2025 Earnings After Market ClosePVH Corp. (NYSE: 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, NYSE: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 trade ideas
Threads of Volatility: A DOTM Conexity Play on PVHStitched for a Breakout: A DOTM Conexity Thesis on PVH Ahead of Earnings
Thesis Overview
PVH Corp. (NYSE: PVH) presents a compelling high-convexity options play as it approaches a long-term ascending support line ahead of its Q4 earnings release on March 31, 2025. With the stock trading at $64.34, technical indicators suggest a potential inflection point — and options markets have yet to fully price in the magnitude of a possible breakout or breakdown. This creates an opportunity to structure a limited-risk, asymmetric payoff using a Deep Out-of-the-Money (DOTM) strangle.
Technical & Volatility Context
Multi-year trendline support remains intact, historically leading to outsized reversals or continuations.
RSI near 37 suggests oversold conditions with potential mean reversion.
Implied Volatility (IV) on April options is hovering around 48–52%, modest given PVH’s history of 7–15% single-day moves post-earnings.
Strategy: DOTM Strangle
Expiration: April 17, 2025 (17 days after earnings)
Position:
Long 3x $60 Calls @ $2.30
Long 3x $55 Puts @ $1.10
Total Premium Outlay: $1,020
This strangle positions the trader for a large directional move without bias, capitalizing on any post-earnings volatility expansion.
Breakeven & Move Requirements
Strike/Target Price % Move from Current
Call Strike $60.00 –6.75%
Upper Breakeven $63.40 –1.46%
Put Strike $55.00 –14.52%
Lower Breakeven $51.60 –19.80%
This structure reflects an attractive skew, as the stock is already below the call strike, reducing the upside breakeven distance. On the downside, the wider move required is offset by stronger historical downside volatility patterns.
Payoff Dynamics
The maximum loss is capped at $1,020, while gains are uncapped if PVH exhibits a strong directional reaction to earnings. The trade benefits from:
A breakout above $63.40, where the calls gain exponentially.
A breakdown below $51.60, where the puts pay out.
Any unexpected catalyst or revaluation that increases realized volatility relative to the current IV curve.
Conclusion
With earnings serving as the primary catalyst, PVH is poised at a technically and psychologically critical level. The DOTM strangle offers an elegant, defined-risk play on the stock’s volatility expansion, with significant upside potential. For traders seeking asymmetric setups into earnings season, this is a thesis worth stitching into your watchlist.
Is Calvin Klein BRAT?I am going to embarrass myself here and tell you that I did not know that PVH was a listed company, and it owns Calvin Klein! D’oh!
They also own Tommy Hilfiger. You may think of CK as mostly a marketer of bras, underwear and so on. But for a while they were a force in American fashion — a kind of utilitarian, Carolyn Bassette-Kennedy vision of sporty chic. They just had their first fashion show in 7 years, and they hired ex-Celine assistant designer Veronica Leoni. The show felt like a retrospective in a sense, and it mostly drew from Raf Simon’s era there — critically praised but didn’t sell. I guess the question though, is, how do the new clothes translate into product? After all, CK has great marketing — and a great brand — but the product, other than bras and undies — is not there.
Remains to be seen. Right now PVH is a bit of a shitshow — I mean, there are fires everywhere:
Not only has China just blacklisted it, they also have their manufacturing agreement with G-III ending in 2027. They’ve said they’d like to onshore, but that’s easier said than done — people forget how integrated China is in the manufacturing process. You can’t just magic up that scale overnight!
In other words, there’s a reason it trades at 6x earnings. Is CK brat? No.
Reminds me of a few other US retail stocks — VF Corp, for one, which makes Vans and The North Face. Fine product, but cyclical as anything — too much of a hostage to retail stores. No margin. Not brat either.
This analysis is provided by Eden Bradfeld at BlackBull Research—sign up for their Substack to receive the latest market insights straight to your inbox.
$PVH going down is this a sign for $XLY to follow suit$PVH is a company that brings you the brands like Tommy Hilfiger for example. I am looking for this to head back to the down side as we are starting to get into the new year.
Bullish case: crossing above the psychological level of 70 this will make some noise as we are currently in high low territory. If there is a strong amount of support, it will retest 72 and 77 levels.
Bearish case: My general thesis, after breaking this support that imbalance candle could lead it into 64-65 level before a retracement. With all indicators pointing to the downside here, I think this is the most probable situation.
the b[AI]te's weekly insights -- PVH 2021-03-22center stage image
stock
our system found that PVH received the best image over the course of last week.
comment image
we see a weak negative correlation with our image indicator. We therefore assume that prices are driven by facts rather than emotions and reflect an accurate picture of the companies current state of affairs.
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FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
the b[AI]te's weekly insights -- PVH 2021-03-15center stage image
stock
our system found that PVH received the best image over the course of last week.
comment image
we see a moderate positive correlation with our image indicator. We therefore assume that prices are driven partial emotionally as there is probably some other catalyst with regard to the company resulting in an uncertain pricing.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
PVH CORPORATION Plan DailyHey guys, PVH CORPORATION is in a fake bearish trend with low sell volume and hammer bear candle shape. Looking at the TIMEFRAME M1 we can see a kind of water tank with a low volume purchase volume it rushes on the VWAP. It is very plausible to breakout the price to break the intermediate median of ANDREWS PITCHFORK in force. To go to the next high (See TIMEFRAME H4) after several resistances to pass before the great panic (See TIMEFRAME H1).
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ABC BullishPVH has not been in style as of late. I would be sure we are having a sector rotation before I jumped in.
R overhead.
Not a recommendation
T2 108.3
I would put my stop under most recent gap that was filled. More to go
PVH Corp. operates as an apparel company in the United States and internationally. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, outerwear, luggage products, swimwear, swim products, handbags, accessories, footwear, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, bath products, cosmetics, furnishings, small leather goods, accessories, and other products. The company offers its products under its own brands, such as Tommy Hilfiger, Calvin Klein, Van Heusen, IZOD, ARROW, Warner's, Olga, Geoffrey Beene, and True&Co.; and licensed brands comprising Speedo, Kenneth Cole New York, Kenneth Cole Reaction, Unlisted, a Kenneth Cole Production, MICHAEL Michael Kors, Michael Kors Collection, DKNY, and Chaps, as well as various other licensed and private label brands. It also licenses its own brands over various products. The company distributes its products at wholesale in department, chain, and specialty stores, as well as through warehouse clubs, mass market, and off-price and independent retailers; and through company-operated full-price specialty and outlet stores, as well as through digital commerce sites. PVH Corp. was founded in 1881 and is based in New York, New York.
$PVH Breakout Alert set for PVH CorpPossible entry level $108 = Target price $130 = Stop loss $103
Stock is making a very strong attempt to break long established downtrend.
Golden cross complete , very bullish.
P/E ratio 12.
PVH Corp. engages in the design and marketing of branded dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear, and other related products. It operates through the following segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. The Calvin Klein North America and Calvin Klein International segment operates in North America; and Europe, Asia, and Brazil respectively. It sells its products under the brand names CALVIN KLEIN 205 W39 NYC, CK Calvin Klein, and CALVIN KLEIN. The Tommy Hilfiger North America and Tommy Hilfiger International segment wholesales in North America; and Europe and China respectively. It consists of Tommy Hilfiger, Hilfiger Denim, Hilfiger Collection, and Tommy Hilfiger Tailored brands. The Heritage Brands Wholesale segment markets its products to department, chain, and specialty stores, digital commerce sites operated by select wholesale partners and pure play digital commerce retailers in North America. The Heritage Brands Retail segment manages retail stores, primarily located in outlet centers throughout the United States and Canada. PVH was founded in 1881 and is headquartered in New York, NY.
PVH chairman invests $10 MILLION. Bullish. COMPANY EARNINGS HIGHLIGHTS
CEO Emanuel Chirico, PVH Corp. - Chairman & CEO
I'm pleased to report that PVH posted strong second quarter results despite a challenging and volatile global backdrop. We reported earnings per share of $2.10, which exceeded the high end of our previous guidance by $0.20. The outperformance was principally driven by our European businesses. While we are pleased that our first half results exceeded our expectations, we are taking a conservative approach to how we are planning our second half of the year and are lowering our fiscal year earnings per share guidance to $9.30 to $9.40 per share. Our revised guidance reflects a significantly more conservative outlook based on several headwinds that we believe are working against us, including the volatility in the macro environment; the weakening global retail landscape; and increased escalation of U.S.-China trade tensions, including a $0.20 cumulative impact from the proposed tariffs. Given the uncertainties surrounding the global retail apparel sector, we felt it was prudent to provide earnings guidance that we are confident we will be able to deliver.
INSIDER TRADING
Chairman & CEO Emanuel Chirico bought 133,155 shares of PVH stock on 09/03/2019 at the average price of $74.99. The price of the stock has decreased by 0.92% since.