PVH Corp 2025年季度报告

FORM10-Q OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number001-07572 PVH CORP. (Exact name of registrant as specified in its charter) (212)381-3500__________________________________________________________________________________________________________________________________________________________________________ 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 has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit Yes☒No☐ 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 growthcompany” in Rule12b-2 of the Exchange Act. Large Accelerated FilerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The number of outstanding shares of common stock of the registrant as of May 28, 2025 was48,073,120. 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 PrivateSecurities 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 costreduction initiative announced in August 2022, the 2021 sale of assets of, and exit from, our Heritage Brands menswear and retailbusinesses, 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 asignificant 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 licenseeto the direct operation by us; (iv) we have significant levels of outstanding debt, as well as significant additional borrowing capacity,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 andrelated products, both to our wholesale customers and in our retail stores and our directly operated digital commerce sites, the levels ofsales of our licensees at wholesale and retail, and the extent of discounts and promotional pricing in which we and our licensees andother business partners are required to engage, all of which can be affected by weather conditions, changes in the economy (includinginflationary 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 growthand inventory; (vii) restrictions, including quotas and the imposition of new or increased duties or tariffs on goods from the countrieswhere 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 exp