PVH Corp 2025年季度报告

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number001-07572PVH CORP. (Exact name of registrant as specified in its charter) Delaware(State or other jurisdiction of (Address of principal executive offices) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth Non-accelerated filer☐Smaller reporting companyEmerging growth companyIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-lookingstatements in this Quarterly Report on Form 10-Q, including, without limitation, statements relating to our future revenue, earningsand cash flows, plans, strategies, objectives, expectations and intentions are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risksand uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, withoutlimitation, (i) our plans, strategies, objectives, expectations and intentions are subject to change at any time at our discretion; (ii) ourability to realize anticipated benefits and savings from divestitures, restructurings and similar plans, such as the headcount cost businesses, the November 2023 sale of the Heritage Brands women’s intimate apparel business to focus on our Calvin Klein andTommy Hilfiger businesses and our current multi-year initiative to simplify our operating model; (iii) the ability to realize the intendedbenefits from the acquisition of licensees or the reversion of licensed rights (such as the announced, in-process plan to bring in house a significant portion of the product categories that are or had been licensed to G-III Apparel Group, Ltd. upon the expirations over timeof the underlying license agreements) and avoid any disruptions in the businesses during the transition from operation by the licensee and we use a significant portion of our cash flows to service our indebtedness, as a result of which we might not have sufficient fundsto operate our businesses in the manner we intend or have operated in the past; (v) the levels of sales of our apparel, footwear and inflationary pressures like those currently being experienced globally), fuel prices, reductions in travel, fashion trends, consolidations,repositionings and bankruptcies in the retail industries, consumer sentiment and other factors; (vi) our ability to manage our growth where we or our licensees produce goods under our trademarks, any of which, among other things, could limit the ability to produceproducts in cost-effective countries, or in countries that have the labor and technical expertise needed, or require us to absorb costs ortry to pass costs onto consumers, which could materially impact our revenue and profitability; (viii) the availability and cost of rawmaterials; (ix) our ability to adjust timely to changes in trade regulations and the migration and development of manufacturers (whichcan affect where our products can best be produced); (x) the regulation or prohibition of the transaction of business with specificindividuals or entities and their affiliates or goods manufactured in (or containing raw materials or components from) certain regions,such as the listing of a person or entity as a Specially Designated National or Blocked Person by the U.S. Department of the Treasury’sOffice of Foreign Assets Control and the issuance of Withhold Release Orders by the U.S. Customs and Border Protection; (xi)changes in available factory and shipping capacity, wage and shipping cost escalation, and store closures in any of the countries whereour licensees’ or wholesale customers’ or other business partners’ stores are located or products are sold or produced or are planned tobe sold or produced, as a result of civil conflict, war or terrorist acts, the threat of any of the foregoing, or political or labor instability,such as the current war in Ukraine that led to our exit from our retail business in Russia and the cessation of our wholesale operationsin Russia and Belarus, and the temporary cessation of business by many of our business partners in Ukraine; (xii)disease epidemicsand health-related concerns, such as th