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Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended
May 03, 2020
May 05, 2019
Total revenue [1] $ 1,344,000 [2] $ 2,356,300
Cost of goods sold (exclusive of depreciation and amortization) 678,100 1,060,400
Gross profit 665,900 1,295,900
Selling, general and administrative expenses 940,100 1,161,500
Goodwill and other intangible assets impairments 933,500 0
Non-service related pension and postretirement income (3,600) (2,200)
Debt modification and extinguishment costs 0 5,200
Other noncash loss, net 3,100 0
Equity in net (loss) income of unconsolidated affiliates (11,200) 3,700
(Loss) income before interest and taxes [3] (1,218,400) [4] 135,100
Interest expense 22,500 31,000
Interest income 1,300 1,100
(Loss) income before taxes (1,239,600) 105,200
Income tax (benefit) expense (142,400) 23,600
Net (loss) income (1,097,200) 81,600
Less: Net loss attributable to redeemable non-controlling interest (400) (400)
Net (loss) income attributable to PVH Corp. $ (1,096,800) $ 82,000
Basic net (loss) income per common share attributable to PVH Corp. $ (15.37) $ 1.09
Diluted net (loss) income per common share attributable to PVH Corp. $ (15.37) $ 1.08
Net sales    
Total revenue $ 1,257,200 $ 2,237,300
Royalty revenue    
Total revenue 69,000 89,400
Advertising and other revenue    
Total revenue $ 17,800 $ 29,600
[1] Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[2] Revenue was significantly negatively impacted by the COVID-19 pandemic, including as a result of temporary store closures and reduced traffic and consumer spending trends. The Company’s wholesale customers and licensing partners also experienced significant business disruptions as a result of the pandemic, resulting in a decrease in the Company’s revenue from these channels
[3] (Loss) Income before interest and taxes was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.
[4] (Loss) Income before interest and taxes was significantly negatively impacted by the COVID-19 pandemic, including as a result of the unprecedented decline in revenue noted above as well as $961.8 million of noncash impairment charges related to goodwill, tradenames, other intangible assets, store assets and an equity method investment.