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SEGMENT DATA
 6 Months Ended
Jul. 30, 2023
Segment Data [Abstract]  
SEGMENT DATA SEGMENT DATA
The Company manages its operations through its operating divisions, which are presented as its reportable segments: (i) Tommy Hilfiger North America; (ii) Tommy Hilfiger International; (iii) Calvin Klein North America; (iv) Calvin Klein International; and (v) Heritage Brands Wholesale.

Tommy Hilfiger North America Segment - This segment consists of the Company’s Tommy Hilfiger North America division. This segment derives revenue principally from (i) marketing TOMMY HILFIGER branded apparel and related products at wholesale in the United States and Canada, primarily to department stores and off-price and independent retailers, as well as digital commerce sites operated by department store customers and pure play digital commerce retailers; (ii) operating retail stores, which are primarily located in premium outlet centers in the United States and Canada, and a digital commerce site in the United States, which sells TOMMY HILFIGER branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the TOMMY HILFIGER brand names for a broad range of product categories in North America. This segment also includes the Company’s proportionate share of the net income or loss of its investments in its unconsolidated affiliate in Mexico and its unconsolidated PVH Legwear LLC (“PVH Legwear”) affiliate relating to each affiliate’s Tommy Hilfiger business.

Tommy Hilfiger International Segment - This segment consists of the Company’s Tommy Hilfiger International division. This segment derives revenue principally from (i) marketing TOMMY HILFIGER branded apparel and related products at wholesale principally in Europe, Asia and Australia, primarily to department and specialty stores, and digital commerce sites operated by department store customers and pure play digital commerce retailers, as well as through distributors and franchisees; (ii) operating retail stores, concession locations and digital commerce sites in Europe, Asia and Australia, which sell TOMMY HILFIGER branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the TOMMY HILFIGER brand names for a broad range of product categories outside of North America. This segment also includes the Company’s proportionate share of the net income or loss of its investments in its unconsolidated affiliate in Brazil and its unconsolidated affiliate in India relating to each affiliate’s Tommy Hilfiger business.

Calvin Klein North America Segment - This segment consists of the Company’s Calvin Klein North America division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale in the United States and Canada, primarily to warehouse clubs, department and specialty stores, and off-price and independent retailers, as well as digital commerce sites operated by department store customers and pure play digital commerce retailers; (ii) operating retail stores, which are primarily located in premium outlet centers in the United States and Canada, and a digital commerce site in the United States, which sells Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the Calvin Klein brand names for a broad range of product categories in North America. This segment also includes the Company’s proportionate share of the net income or loss of its investments in its unconsolidated affiliate in Mexico and its unconsolidated PVH Legwear affiliate relating to each affiliate’s Calvin Klein business.

Calvin Klein International Segment - This segment consists of the Company’s Calvin Klein International division. This segment derives revenue principally from (i) marketing Calvin Klein branded apparel and related products at wholesale principally in Europe, Asia, Brazil and Australia, primarily to department and specialty stores, and digital commerce sites
operated by department store customers and pure play digital commerce retailers, as well as through distributors and franchisees; (ii) operating retail stores, concession locations and digital commerce sites in Europe, Asia, Brazil and Australia, which sell Calvin Klein branded apparel, accessories and related products; and (iii) licensing and similar arrangements relating to the use by third parties of the Calvin Klein brand names for a broad range of product categories outside of North America. This segment also includes the Company’s proportionate share of the net income or loss of its investment in its unconsolidated affiliate in India relating to the affiliate’s Calvin Klein business.

Heritage Brands Wholesale Segment - This segment consists of the Company’s Heritage Brands Wholesale division. This segment derives revenue primarily from the marketing to department, chain and specialty stores, warehouse clubs, mass market, and off-price retailers (in stores and online), as well as pure play digital commerce retailers primarily in North America of (i) women’s intimate apparel under the Warner’s, Olga and True&Co. brands; (ii) men’s underwear under the Nike brand, which is licensed; and (iii) men’s dress shirts under the Van Heusen brand, which is licensed, as well as under various other licensed brand names. This segment also includes the Company’s proportionate share of the net income or loss of its investments in its unconsolidated affiliate in Mexico and its unconsolidated PVH Legwear affiliate relating to each affiliate’s business under various owned and licensed brand names.
The Company’s revenue by segment was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
(In millions)7/30/23
(1)
7/31/22
(1)
7/30/23
(1)
7/31/22
(1)
Revenue – Tommy Hilfiger North America
Net sales    $297.6 $288.2 $564.3 $523.7 
Royalty revenue    18.5 17.1 38.8 37.9 
Advertising and other revenue    4.3 4.2 8.8 9.4 
Total    320.4 309.5 611.9 571.0 
Revenue – Tommy Hilfiger International
Net sales    800.2 749.5 1,613.0 1,539.8 
Royalty revenue    13.9 14.9 29.6 29.4 
Advertising and other revenue    4.7 4.6 9.0 9.2 
Total    818.8 769.0 1,651.6 1,578.4 
Revenue – Calvin Klein North America
Net sales269.9 301.0 497.6 557.9 
Royalty revenue34.4 34.2 70.1 76.4 
Advertising and other revenue10.5 11.5 21.4 25.5 
Total314.8 346.7 589.1 659.8 
Revenue – Calvin Klein International
Net sales610.3 549.2 1,208.6 1,107.8 
Royalty revenue13.0 11.9 25.8 24.2 
Advertising and other revenue2.1 2.2 4.4 4.4 
Total625.4 563.3 1,238.8 1,136.4 
Revenue – Heritage Brands Wholesale
Net sales127.2 143.2 272.8 308.5 
Royalty revenue0.3 0.2 0.5 0.4 
Advertising and other revenue0.1 0.1 0.2 0.2 
Total127.6 143.5 273.5 309.1 
Total Revenue
Net sales    2,105.2 2,031.1 4,156.3 4,037.7 
Royalty revenue    80.1 78.3 164.8 168.3 
Advertising and other revenue    21.7 22.6 43.8 48.7 
Total    $2,207.0 $2,132.0 $4,364.9 $4,254.7 

(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 EndedTwenty-Six Weeks Ended
(In millions)7/30/23
(1)
7/31/22
(1)
7/30/23
(1)
7/31/22
(1)
Wholesale net sales$1,039.9 $1,073.8 $2,254.2 $2,309.1 
Owned and operated retail stores872.2 784.5 1,550.3 1,403.2 
Owned and operated digital commerce sites193.1 172.8 351.8 325.4 
Retail net sales1,065.3 957.3 1,902.1 1,728.6 
Net sales2,105.2 2,031.1 4,156.3 4,037.7 
Royalty revenue80.1 78.3 164.8 168.3 
Advertising and other revenue21.7 22.6 43.8 48.7 
Total$2,207.0 $2,132.0 $4,364.9 $4,254.7 

(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 income before interest and taxes by segment was as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
(In millions)7/30/23
(1)(3)
7/31/22
(1)
7/30/23
(1)(3)
7/31/22
(1)
Income (loss) before interest and taxes – Tommy Hilfiger North America$13.2 $(1.9)$15.5 $(14.9)
Income before interest and taxes – Tommy Hilfiger International73.4 88.5 
(4)
199.7 227.9 
(4)
Income before interest and taxes – Calvin Klein North America20.4 21.9 22.6 33.6 
Income before interest and taxes – Calvin Klein International 80.2 78.4 
(4)
180.6 175.5 
(4)
Income before interest and taxes – Heritage Brands Wholesale 2.6 13.4 17.6 30.2 
Loss before interest and taxes – Corporate(2)    
(46.5)(23.3)
(5)

(93.9)(65.0)
(5)
Income before interest and taxes$143.3 $177.0 $342.1 $387.3 

(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 and the Company’s proportionate share of the net income or loss of its investment in Karl Lagerfeld until the closing of the Karl Lagerfeld transaction on May 31, 2022. Please see Note 4, “Investments in Unconsolidated Affiliates,” for further discussion. 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) Income (loss) before interest and taxes for the thirteen and twenty-six weeks ended July 30, 2023 included costs of $39.0 million incurred related to the 2022 cost savings initiative described in Note 14, “Exit Activity Costs,” consisting principally of severance. Such costs were included in the Company’s segments as follows: $6.4 million in Tommy Hilfiger North America, $12.3 million in Tommy Hilfiger International, $5.9 million in Calvin Klein North America, $8.5 million in Calvin Klein International, $4.6 million in Heritage Brands Wholesale and $1.3 in corporate expenses not allocated to any reportable segments. Please see Note 14, “Exit Activity Costs,” for further discussion.

(4) Income before interest and taxes for the thirteen and twenty-six weeks ended July 31, 2022 included costs of $50.5 million incurred in connection with the Company’s decision to exit from its Russia business, principally consisting of noncash asset impairments. Such costs were included in the Company’s segments as follows: $36.7 million in Tommy Hilfiger
International and $13.8 million in Calvin Klein International. Please see Note 14, “Exit Activity Costs,” for further discussion.

(5) Loss before interest and taxes for the thirteen and twenty-six weeks ended July 31, 2022 included a gain of $16.1 million in connection with the Karl Lagerfeld transaction. Please see Note 4, “Investments in Unconsolidated Affiliates,” for further discussion.

Intersegment transactions, which primarily consist of transfers of inventory, are not material.