SEGMENT DATA (Tables)

3 Months Ended

May 01, 2022

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The Company’s revenue by segment was as follows:

	Thirteen Weeks Ended
(In millions)	5/1/22		(1)	5/2/21		(1)
Revenue – Tommy Hilfiger North America
Net sales	$	235.5		$	204.7
Royalty revenue	20.8			17.6
Advertising and other revenue	5.2			4.5
Total	261.5			226.8
Revenue – Tommy Hilfiger International
Net sales	790.3			810.0
Royalty revenue	14.5			12.9
Advertising and other revenue	4.6			4.0
Total	809.4			826.9
Revenue – Calvin Klein North America
Net sales	256.9			206.0
Royalty revenue	42.2			31.7
Advertising and other revenue	14.0			10.5
Total	313.1			248.2
Revenue – Calvin Klein International
Net sales	558.6			525.0
Royalty revenue	12.3			10.5
Advertising and other revenue	2.2			1.5
Total	573.1			537.0
Revenue – Heritage Brands Wholesale
Net sales	165.3			191.2
Royalty revenue	0.2			5.0
Advertising and other revenue	0.1			0.6
Total	165.6			196.8
Revenue – Heritage Brands Retail
Net sales	—			43.6
Royalty revenue	—			—
Advertising and other revenue	—			—
Total	—			43.6
Total Revenue
Net sales	2,006.6			1,980.5
Royalty revenue	90.0			77.7
Advertising and other revenue	26.1			21.1
Total	$	2,122.7		$	2,079.3

(1) Revenue was impacted by fluctuations of the United States dollar against foreign currencies in which the Company transacts significant levels of business.

The Company’s revenue by distribution channel was as follows:

	Thirteen Weeks Ended
(In millions)	5/1/22		5/2/21
Wholesale net sales	$	1,235.3	$	1,236.6
Owned and operated retail stores	618.7		566.5
Owned and operated digital commerce sites	152.6		177.4
Retail net sales	771.3		743.9
Net sales	2,006.6		1,980.5
Royalty revenue	90.0		77.7
Advertising and other revenue	26.1		21.1
Total	$	2,122.7	$	2,079.3

The Company’s income before interest and taxes by segment was as follows:

	Thirteen Weeks Ended
(In millions)	5/1/22		(1)	5/2/21		(1)
Loss before interest and taxes – Tommy Hilfiger North America	$	(13.0)		$	(5.1)	(3)
Income before interest and taxes – Tommy Hilfiger International	139.4			167.3		(3)
Income (loss) before interest and taxes – Calvin Klein North America	11.7			(0.8)		(3)
Income before interest and taxes – Calvin Klein International	97.1			96.4		(3)
Income before interest and taxes – Heritage Brands Wholesale	16.8			21.2
Loss before interest and taxes – Heritage Brands Retail	—			(13.3)		(4)
Loss before interest and taxes – Corporate(2)	(41.7)			(68.3)		(3)
Income before interest and taxes	$	210.3		$	197.4

(1) Income (loss) 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.

(2) Includes corporate expenses not allocated to any reportable segments, the results of PVH Ethiopia (through the closure of the Ethiopia factory in the fourth quarter of 2021) and the Company’s proportionate share of the net income or loss of its investment in Karl Lagerfeld Holding B.V. (“Karl Lagerfeld”), after the Company resumed the equity method of accounting for its investment in the fourth quarter of 2021. Please see Note 5, “Redeemable Non-Controlling Interest,” for further discussion of PVH Ethiopia. Please see Note 6, “Investments in Unconsolidated Affiliates,” in the Notes to Consolidated Financial Statements included in Item 8 of the Company’s Annual Report on Form 10-K for the year ended January 30, 2022 for further discussion of the Company’s investment in Karl Lagerfeld. Corporate expenses represent overhead operating expenses and include expenses for senior corporate management, corporate finance, information technology related to corporate infrastructure, certain digital investments, certain corporate responsibility initiatives, certain global strategic initiatives and actuarial gains and losses on the Company’s Pension Plans, SERP Plans and Postretirement Plans (which are generally recorded in the fourth quarter).

(3) (Loss) income before interest and taxes for the thirteen weeks ended May 2, 2021 included costs of $43.3 million incurred in connection with actions to streamline the Company’s organization through reductions in its workforce, primarily in certain international markets, and to reduce its real estate footprint, including reductions in office space and select store closures, consisting of noncash asset impairments, severance, and contract termination and other costs. Such costs were included in the Company’s segments as follows: $1.7 million in Tommy Hilfiger North America, $5.7 million in Tommy Hilfiger International, $2.1 million in Calvin Klein North America, $5.3 million in Calvin Klein International and $28.5 million in corporate expenses not allocated to any reportable segments. Please see Note 16, “Exit Activity Costs,” for further discussion.

(4) Loss before interest and taxes for the thirteen weeks ended May 2, 2021 included costs and operating losses associated with the wind down of the Heritage Brands Retail business that was substantially completed in the second quarter of 2021. Please see Note 16, “Exit Activity Costs,” for further discussion.