Full-year income dropped 6% to $8.65bn (£6.68bn), from $9.22bn (£7.12bn) the earlier 12 months, with fourth-quarter gross sales lowering 5%, from $2.49bn (£1.92) to $2.37bn (£1.83).
Direct-to-consumer and wholesale income had been each down 5% 12 months on 12 months.
PVH, which additionally licenses manufacturers akin to Michael Kors and Kenneth Cole New York, has projected progress to stay between flat and a slight enhance for the 2025 full-year interval. CEO Stefan Larsson mentioned that order books within the European market are set to return to progress for autumn 2025.
Within the North America area, income throughout the Tommy Hilfiger and Calvin Klein companies rose 1% in comparison with the prior 12 months interval.
The corporate attributed the general decline to a “more durable than anticipated macroeconomic backdrop”.
Larsson mentioned: “In a difficult macro [environment], we delivered one other 12 months of sturdy profitability in North America, drove sequential enhancements in our wholesale order books in Europe whereas bettering our high quality of gross sales, and we achieved our third consecutive 12 months of progress in Asia Pacific, on a continuing foreign money foundation.
“In North America, we’ll proceed to drive a double-digit EBIT margin, in Europe our [autumn 2025] order books are again to progress, and in Asia Pacific we’ll proceed to give attention to driving sturdy client engagement throughout our diversified enterprise within the area.”
